Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,350,000

Listed at $2,495,000 · Sold 5.8% below asking · Closed June 27, 2024

196 Orchard Street #5-D
Closed For Sale Condo

$2,495,000

$2,071 per sq ft

196 Orchard Street #5-D

Lower East Side, Manhattan

MLS® #RLS10975552

RLS at REBNY

Listing by R New York

2

Bedrooms

2

Baths

1,205

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,205 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $1,736.82/mo
Property Taxes $21,903.12/yr
Neighborhood Lower East Side
Floor 5 of 11

Property Highlights

  • Views: City
  • Exposure: East,North,West facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 5 of 11
View City
Exposure East,North,West
Cooling Central Air
Pets Yes
Cross Street Stanton Street/East Houston Street
Year Built 2017
Living Area 1,205 sq ft
Structure Type None
Block/Lot 412/7503

Listing History

Event Date Price Change
Listed Mar 26, 2024 $2,495,000 -
Currently May 3, 2026 $2,495,000 -

Description

Experience the charm and elegance of Apartment 5D, a highly sought-after corner two-bed, two-bath residence spanning 1,205 SF adorned with natural light. As you enter, a gracious foyer offers a proper landing full of abundant closet space. The heart of this home is a chef’s dream kitchen, featuring an oversized eat-in island, warm walnut custom millwork, Nero Marquina black marble countertops, a 102-bottle upright wine refrigerator, and top-of-the-line Miele appliances. The living and dining area seamlessly connects, creating an ideal space for entertaining.

The primary bedroom is a sunlit retreat adorned with ample custom closets. The primary bathroom exudes luxury, featuring Blue de Savoie marble, a soaking tub, a standing shower, and a double custom vanity for storage.

Across the hall, the secondary bedroom awaits, accompanied by beautiful custom closets and a well-appointed second bathroom for guests’ convenience. This home is complete with an in-unit washer/dryer and motorized shades throughout.

196 Orchard stands as a full-service condominium, crafted by the NYC-based firm Incorporated Architecture & Design. The building boasts a 24-hour attended lobby, private storage, a bicycle room, and a furnished 4,300 sq. ft. rooftop terrace. This elevated retreat offers two outdoor kitchens, dedicated dining and entertaining areas, and breathtaking city views. Residents also enjoy an exclusive discount at the two-story in-building Equinox Fitness Club. Nestled amidst trendy restaurants, bars, cafes, grocery stores and shops. Convenient access to nearby subway lines, including B/D/F/M/J/Z, completes the picture of seamless city living.

Features & Amenities

Interior Features

Dining Area Entrance Foyer Kitchen Window Building Washer Dryer Install Allowed In Unit New Windows

Exterior Features

Building Storage Building Roof Deck

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $1,736.82/mo
RE Taxes $21,903.12/yr ($1,825/mo)
Sale Price $2,350,000

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

11

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/3/26, 10:37 AM EST

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Location

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196 Orchard Street #5-D, Lower East Side, New York County • Near Stanton Street/East Houston Street

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2017
Year Built
9 years old
11
Floors
94
Residential Units
C6-2A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $26,799,694
Land Value: $3,262,959
Exemptions: $0

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

Lot Area: 14,388 SF
Building Area: 149,212 SF
Built FAR: 10.37
Allowed FAR: 6.02

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 $1,736.82 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $21,903.12, or roughly $1,825 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,205 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2017, making it approximately 9 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

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

At the current list price of $2,495,000 for 1,205 sq ft, the asking price per square foot is approximately $2,071. 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: RLS10975552
First Listed: 3/26/2024
On Market: 3/26/2024
Closed: 6/27/2024
Contract Date: 3/26/2024

Listing Courtesy of R New York - STEFANI BERKIN

Listing Contact: (212) 688-1000

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 5/3/2026 at 2:37 PM UTC

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