Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $789,000

· Closed September 1, 2022

48 HESTER Street #7E
Closed For Sale Condo

$789,000

$997 per sq ft

48 HESTER Street #7E

Lower East Side, Manhattan

KWOK WAH HOUSE

MLS® #RLS10793407

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

2

Bedrooms

1

Bath

791

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 791 sq ft
Year Built 1988
Ownership Condo
HOA/Common Charges $433/mo
Property Taxes $10,764/yr
Parking Garage
Neighborhood Lower East Side
Floor 7 of 9

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Floor 7 of 9
Pets Yes
Cross Street Essex & Ludlow Sts.
Year Built 1988
Living Area 791 sq ft
Parking Garage Available
Parcel # 0297-1137

Listing History

Event Date Price Change
Listed May 13, 2022 $779,000 -
Currently May 4, 2026 $789,000 +1.3%

Description

SUNDAY OPEN HOUSES ARE BY APPOINTMENT AND SLOTS MUST BE BOOKED IN ADVANCE

Prime LES 2 bedroom condo in elevator building. Eastern and western exposures for excellent morning and afternoon light! Living/dining plus and an adjacent sun room which can be combined to make an even larger great room with two opposing walls of windows! Low common charges and taxes.

Just around the corner from the F train at East Broadway as well as redone Seward Park. Two blocks to Essex Crossing with all new Essex market, Market Line, Trader Joe's & Regal Cinemas! Stroll to numerous great restaurants, cafs, and galleries. Value and location!

Note: Original condo Offering plan has square footage at 688. Two enclosed balconies add an additional 103 of interior square footage.

Building Information

Financial Details

Common Charges $433/mo
RE Taxes $10,764/yr ($897/mo)
Original Price $779,000
Sale Price $789,000
Previous Price $779,000

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, 7:45 AM EST

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Location

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48 HESTER Street #7E, Lower East Side, New York County • Near Essex & Ludlow Sts.

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1990
Year Built
36 years old
9
Floors
35
Residential Units
C6-2
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,285,809
Land Value: $393,756
Exemptions: $201,780

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

Lot Area: 10,820 SF
Building Area: 26,564 SF
Built FAR: 2.46
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 $433 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $10,764, or roughly $897 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 791 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1988, making it approximately 38 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.

Pet policy requires confirmation with the listing broker.

At the current list price of $789,000 for 791 sq ft, the asking price per square foot is approximately $997. 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: RLS10793407
First Listed: 5/13/2022
Price Changed: 9/1/2022
Closed: 9/1/2022
Contract Date: 5/13/2022

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Jeremy Bolger

Listing Contact: (212) 381-6516

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 11:45 AM UTC

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