Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $560,000

· Closed January 25, 2023

550 GRAND Street #J12B
Closed For Sale Co-op

$560,000

$622 per sq ft

550 GRAND Street #J12B

Lower East Side, Manhattan

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MLS® #RLS10875079

RLS at REBNY

Listing by Douglas Elliman Real Estate

1

Bedroom

1

Bath

900

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 900 sq ft
Year Built 1949
Ownership Co-op
Maintenance $875/mo
Neighborhood Lower East Side
Floor 12 of 12

Property Highlights

  • Exposure: East,North facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 12 of 12
Exposure East,North
Pets Yes
Year Built 1949
Living Area 900 sq ft
Parcel # 0331-0120-00550-000-000J12B

Listing History

Event Date Price Change
Listed Sep 5, 2022 $600,000 -
Price Reduced Jan 26, 2023 $575,000 -4.2%
Currently May 4, 2026 $560,000 -2.6%

Description

This is a rarely available top floor corner unit in EXCELLENT condition! A massive one bedroom home situated in this historic Lower East side Hillman tower with its sweeping views of the East River, Williamsburg bridge, and the city skyline. Its open and protected North and East Exposure is that of a dream! This Oversized one Bedroom home is nicely configured with a reading nook/home office, living room and large dining area with an array of possible configuration schemes. Solid oak parquet floors throughout, tons of closet space and a king size bedroom, the creative possibilities are endless. The large windowed eat-in kitchen is chock full of charm and boasts sweeping city and river views.

This Elevator building is part of Hillman Co-ops along the ultra trendy Grand Street! The amenities are spot on with its large private courtyard and playground, herb and vegetable garden, central laundry room, dog run, bike storage and private storage and brand new 24/7 fitness center Co-purchase, pied-a-terre and gifting are allowed. Subleasing after 2 years of ownership. Short walk to the Doughnut Plant, Kossar's, Essex Market, Target, Trader Joes, The Gutter, Regal Cinemas and more! Short walk to M14D, M21, & M22 buses. J/M/Z and F trains at Delancey & Essex Streets. F train at East Broadway & Rutgers Streets.

Building Information

Financial Details

Maintenance $875/mo
Original Price $600,000
Sale Price $560,000
Previous Price $575,000

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 5/4/26, 1:48 AM EST

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Location

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550 GRAND Street #J12B, 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 $875 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 900 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1949, making it approximately 77 years old.

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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $560,000 for 900 sq ft, the asking price per square foot is approximately $622. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10875079
First Listed: 9/5/2022
Price Changed: 1/26/2023
Closed: 1/25/2023
Contract Date: 9/5/2022

Listing Courtesy of Douglas Elliman Real Estate - Scott Hockens

Listing Contact: (917) 520-6544

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 5:48 AM UTC

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