Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $5,300,000

· Closed November 10, 2025

53 E 7th Street #HSE
Closed For Sale Multi Family

$5,300,000

$524 per sq ft

53 E 7th Street #HSE

East Village, Manhattan

MLS® #RLS20022574

RLS at REBNY

Listing by Compass

20

Bedrooms

12

Baths

10,116

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 20
Bathrooms 12
Living Area 10,116 sq ft
Year Built 1910
Ownership None
Property Taxes $113,340/yr
Neighborhood East Village
Floor 1 of 5

Property Highlights

  • Exposure: North,South facing
  • Style: WalkUp architecture
  • Climate Control: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 40
Baths 12 Full
Floor 1 of 5
Exposure North,South
Heating Central
Cooling Other
Pets Yes
Year Built 1910
Living Area 10,116 sq ft
Architectural Style WalkUp
Structure Type MultiFamily,Townhouse
Furnished Unfurnished
Basement CrawlSpace,Full
Parcel # 0449-0055
Block/Lot 00449/0055

Listing History

Event Date Price Change
Listed May 9, 2025 $5,800,000 -
Price Reduced Nov 14, 2025 $5,500,000 -5.2%
Currently Apr 22, 2026 $5,300,000 -3.6%

Description

This well-maintained 12-unit building stands as a testament to diligent upkeep, with key structural and mechanical systems such as the façade, parapet, gas lines, roofing, and lead compliance all thoroughly maintained. All major components are current, minimizing deferred maintenance. The 12 units, while similar in size, offer a variety of 1-, 2-, and 3-bedroom layouts, appealing to a diverse tenant population and allowing for rental flexibility. Recently, four free-market apartments have been upgraded with in-unit washer/dryers, adding convenience for tenants and enhancing rental value. The pro forma Net Operating Income (NOI) is dependable, derived from conservative projections for increases in free-market unit rents and confirmed rental growth for rent-stabilized apartments. With full occupancy, no arrears, and no outstanding issues, this property represents a turnkey investment opportunity.

Features & Amenities

Interior Features

High Ceilings In Unit See Remarks

Appliances

Dishwasher

Building Information

Total Units 12
Stories 5
Structure MultiFamily,Townhouse
Style WalkUp

Financial Details

RE Taxes $113,340/yr ($9,445/mo)
Original Price $5,800,000
Sale Price $5,300,000
Previous Price $5,500,000

The East Village remains New York’s epicenter of counter-culture and artistic expression. Known for its active street life, community gardens, and legendary music venues, the neighborhood offers an energy unlike any other. The real estate market is characterized by historic tenement-style cooperatives, historic low-rise walk-ups, and a growing selection of modern boutique condominiums that offer luxury amenities in Downtown Manhattan.

East Village Live Market Data

View Neighborhood

Active Listings

94

Median Asking Price

$1.30M

Median $/Sqft

$1,761

Avg Days on Market

N/A

New This Week

5

Price Reduced

24%

Sold (30 Days)

4

Median Sale Price

$1.36M

Live data from RLS at REBNY • Updated 4/22/26, 8:07 AM EST

Location

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53 E 7th Street #HSE, East Village, New York County

Floor Plans

Floor Plan
Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
5
Floors
12
Residential Units
R8B
Zoning District
Walk-Up Apartments Historic District: East Village / Lower East Side Historic District

Tax & Assessment

Assessed Value: $1,027,800
Land Value: $166,050
Exemptions: $0

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

Lot Area: 2,438 SF
Building Area: 10,116 SF
Built FAR: 4.15
Allowed FAR: 4

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 common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $113,340, or roughly $9,445 per month. Verify the current assessment with your attorney before closing.

This property has 20 bedrooms and 12 full bathrooms.

The listed interior living area is 10,116 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

At the current list price of $5,300,000 for 10,116 sq ft, the asking price per square foot is approximately $524. 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: RLS20022574
First Listed: 5/9/2025
On Market: 5/9/2025
Price Changed: 11/14/2025
Closed: 11/10/2025
Contract Date: 4/1/2025

Listing Courtesy of Compass - SANDRA N FRANK

Listing Contact: (917) 282-2074

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 4/22/2026 at 12:07 PM UTC

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