Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $867,000

· Closed April 29, 2016

385 GRAND Street #L601
Closed For Sale Co-op

$867,000

$826 per sq ft

385 GRAND Street #L601

Lower East Side, Manhattan

SEWARD PARK

MLS® #RLS10030438

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

2

Bedrooms

1

Bath

1,050

Sq. Ft.

1960

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,050 sq ft
Year Built 1960
Ownership Co-op
Maintenance $648/mo
Parking Garage
Neighborhood Lower East Side

Property Highlights

  • Exposure: East,West facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths null Full
Exposure East,West
Pets Yes
Cross Street NORFOLK STREET and SUFFOLK STREET
Year Built 1960
Living Area 1,050 sq ft
Parking Garage Available
Parcel # 0311-0013-00385-000-000L601

Listing History

Event Date Price Change
Listed Dec 10, 2015 $939,000 -
Price Reduced Feb 17, 2016 $899,000 -4.3%
Currently May 9, 2026 $867,000 -3.6%

Description

Spacious two bedroom with double exposures in need of a full gut renovation. Windowed eat-in kitchen and windowed bath. Two good sized bedrooms and plenty of closets. Located on 6th floor with views to courtyard and private gated park. Bring your contractor and/or architect to reimagine the space. Amenities include a 24 hour attended lobby/security, 2 private gated parks with playgrounds, fully equipped gym, community room with full kitchen for parties, shared office space, in building laundry, and more...! 1-1.5 blocks to F, J, M and Z trains at Delancey/Essex. Stroll to great restaurants, cafes, night spots, and art galleries on Orchard, Ludlow, Broome, Clinton, and Rivington Streets. Gifting and guarantors okay. Washers/dryers newly permitted subjet to building approval process. Dogs allowed with registration. $57.51/assessment until July 2019.

Building Information

Financial Details

Maintenance $648/mo
Original Price $939,000
Previous Price $899,000

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

116

Median Asking Price

$1.30M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

10

Price Reduced

28%

Sold (30 Days)

6

Median Sale Price

$1.15M

Live data from RLS at REBNY • Updated 5/9/26, 2:03 PM EST

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Location

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385 GRAND Street #L601, Lower East Side, New York County • Near NORFOLK STREET and SUFFOLK STREET

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
21
Floors
866
Residential Units
R8
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $74,142,450
Land Value: $8,955,000
Exemptions: $1,871,744

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

Lot Area: 293,600 SF
Building Area: 1,025,341 SF
Built FAR: 3.49
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 monthly maintenance are $648 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 1,050 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1960, making it approximately 66 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 $867,000 for 1,050 sq ft, the asking price per square foot is approximately $826. 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: RLS10030438
First Listed: 12/10/2015
Price Changed: 2/17/2016
Closed: 4/29/2016
Contract Date: 12/10/2015

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Neal Young

Listing Contact: (212) 381-6510

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 5/9/2026 at 6:03 PM UTC

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