Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $618,000

Listed at $635,000 · Sold 2.7% below asking · Closed May 18, 2023

550 Grand Street #H5B
Closed For Sale Co-op

$635,000

550 Grand Street #H5B

Lower East Side, Manhattan

MLS® #RLS10848951

RLS at REBNY

Listing by LoHo Realty

1

Bedroom

1

Bath

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built N/A
Ownership Co-op
Neighborhood Lower East Side

Property Highlights

  • Exposure: North facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Exposure North
Pets Yes
Parcel # 0331-0120-00550-000-0000H5B

Listing History

Event Date Price Change
Listed May 12, 2022 $635,000 -
Price Reduced Jan 24, 2023 $640,000 +0.8%

Description

Mint condition & move-in ready! This delightful 5th floor apartment is the largest 1-bedroom layout the co-op has to offer, and features natural light all day long. It opens to a spacious foyer/dining area that flows directly into the living room. The kitchen in BRAND NEW and modern featuring an abundance of sleek white cabinetry with custom-designed shelving and drawers, stainless steel appliances, and granite countertops. Down the hall is the large bedroom with double exposures (east & north) that can easily accommodate a king-sized bed, end table, dresser & more! The windowed bathroom is fully renovated bathroom with floor-to-ceiling tiling, custom marble countertops and recessed mirrored-cabinets. Other apartment highlights include 3 large closets (2 walk-in) with custom built-ins for ample storage, wood moldings, and solid Brazilian Tigerwood flooring and Hillman's charming, beamed ceilings (over 8 feet) throughout.

Co-op amenities (additional fees and wait lists may apply) include 24/7 state-of-the-art fitness center and 24/7 modern laundry room, children's playroom, private parks and playgrounds with water feature (plus use of neighboring parks/playgrounds at East River cooperative), on-site maintenance staff, community garden, composting, bike storage, parking (wait list) electronics recycling. Washers allowed. Dogs (up to 35lb. weight limit) are allowed subject to registration, fee & approval. Co-purchase, pied-a-terre and gifting are allowed. Subleasing after 2 years of ownership. Shareholder required continuing to pay base maintenance in addition to a sublet fee. Short walk to Target, Trader Joes and Regal Cinemas. Transportation: M14D, M21, & M22 buses. J, M and F trains at Delancey & Essex Streets. F train at East Broadway & Rutgers Streets.

Building Information

The Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of historic walk-up cooperatives, value-driven HDFC units, and ultra-modern condominiums that offer some of the best views in Downtown Manhattan.

Lower East Side Live Market Data

View Neighborhood

Active Listings

113

Median Asking Price

$1.27M

Median $/Sqft

$1,407

Avg Days on Market

N/A

New This Week

9

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/3/26, 9:39 PM EST

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Location

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550 Grand Street #H5B, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1949
Year Built
77 years old
12
Floors
525
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $33,624,450
Land Value: $6,300,000
Exemptions: $961,881

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 129,224 SF
Building Area: 532,006 SF
Built FAR: 4.12
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10848951
First Listed: 5/12/2022
Price Changed: 1/24/2023
Closed: 5/18/2023
Contract Date: 11/18/2013

Listing Courtesy of LoHo Realty - Jacob Goldman

Listing Contact: (212) 388-1115

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 1:39 AM UTC

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