Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
457 FDR Drive #A505
Closed For Sale Co-op

$800,000

$727 per sq ft

457 FDR Drive #A505

Lower East Side, Manhattan

MLS® #RLS11012242

RLS at REBNY

Listing by Brown Harris Stevens Brooklyn LLC

2

Bedrooms

1

Bath

1,100

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,100 sq ft
Year Built N/A
Ownership Co-op
Maintenance $1,338/mo
Parking Garage
Neighborhood Lower East Side
Floor 5

Property Highlights

  • Views: Bridges, Park Greenbelt, River
  • Exposure: East facing
  • Climate Control: Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Floor 5
View Bridges, Park Greenbelt, River
Exposure East
Cooling Other
Pets Yes
Living Area 1,100 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0263-0008-00457-000-000A505
Block/Lot 00263/0008

Listing History

Event Date Price Change
Listed Sep 27, 2024 $840,000 -
Price Reduced Jun 25, 2025 $825,000 -1.8%
Currently May 1, 2026 $800,000 -3.0%

Description

Welcome to 457 FDR Drive Apt. A505, a beautifully renovated large 2-bedroom, 1-bath coop in the much sought-after East River Cooperative. Offering approximately 1,100 square feet of expansive living space, this sunny and bright apartment features picturesque views, both east and west. East facing windows look out directly to the East River, the Williamsburg Bridge and the soon-to-be-completed East River Park, while west-facing views are of the co-op's beautifully landscaped private park and grounds below.

The apartment opens into a large foyer, perfect for a work-from-home office space. This area leads into the expansive living/dining area, with breathtaking views of the river from the three oversized windows. There is plenty of space for a big sectional sofa, a media console, and a large dining table to accommodate a dozen friends and family for a dinner party. Adjacent is the beautifully renovated eat-in designer chef's kitchen, perfect for those who love to cook and entertain. Appliances include a Viking 4-burner stove, an extra deep Chef Pro sink, Kitchen Aid dishwasher and a retro-inspired Smeg refrigerator. Custom "Henrybuilt" walnut cabinetry, Corian countertops, a marble tile backsplash, and gorgeous "Mosaic House" hand painted cement floor tile complete the space.

The two bedrooms are both king-sized and easily fit additional dressers and/or vanities. The larger of the two rooms has east facing windows with river and bridge views, while the other bedroom faces west with views of the landscaped garden. Each has a large closet. The renovated windowed bathroom has a deep tub with a shower as well as hand-made Moroccan ceramic floor tiles.

The building offers an array of desirable amenities (some for a small fee and/or waitlist), including an on-site parking lot, fitness room, children's playroom, bike and regular storage, and private manicured grounds all exclusively for coop owners. There is also 24-hour security, a 24-hour laundry room, on-site basketball courts and a playground.

The location is unbeatable, with easy access to multiple subways (F, J, M & Z lines), as well as Trader Joe's, Essex Market, The Regal Theater, and a wide selection of nearby restaurants and bars all just a few blocks away. Plus, the soon-to-be-completed East River Park, with multiple playing fields, tennis courts, playgrounds, and bike paths is just outside the front door!

Guarantors, co-purchasing, and parent purchasing for their children are all permitted as well as subletting after 2 years following purchase. Sorry, no dogs or cats permitted. An assessment of $144 begins Jan. 2025. All Open Houses and showings are By Appointment ONLY. Please call the listing agent to schedule a showing.

Features & Amenities

Interior Features

Building Other

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Common Playroom

Building Information

Building Data View Compliance & Permits
Total Units 1
Structure HighRise

Financial Details

Maintenance $1,338/mo
Original Price $840,000
Sale Price $800,000
Previous Price $825,000

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

110

Median Asking Price

$1.28M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

9

Price Reduced

30%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/1/26, 2:13 PM EST

Similar Listings in Lower East Side

View All

Location

Loading map...

457 FDR Drive #A505, Lower East Side, New York County

Building Information

Official NYC property records for this building

1955
Year Built
71 years old
20
Floors
833
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $81,285,300
Land Value: $7,155,000
Exemptions: $1,679,526

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

Lot Area: 212,250 SF
Building Area: 923,000 SF
Built FAR: 4.35
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 $1,338 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 1,100 square feet. Verify dimensions independently during due diligence.

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 $800,000 for 1,100 sq ft, the asking price per square foot is approximately $727. 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: RLS11012242
First Listed: 9/27/2024
On Market: 9/27/2024
Price Changed: 6/25/2025
Closed: 6/24/2025
Contract Date: 9/27/2024

Listing Courtesy of Brown Harris Stevens Brooklyn LLC - Karen Wolfe

Listing Contact: (718) 878-1757

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 5/1/2026 at 6:13 PM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

NYC Flip Tax Guide for Sellers

What co-op flip taxes are, how they're calculated, and who pays.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton