Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $700,000

Listed at $715,000 · Sold 2.1% below asking · Closed July 24, 2025

Closed For Sale Co-op

$715,000

$715 per sq ft

550 Grand Street #J8E

Lower East Side, Manhattan

MLS® #RLS20012897

RLS at REBNY

Listing by LoHo Realty Inc

2

Bedrooms

1

Bath

1,000

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,000 sq ft
Lot Size 129,224 sq ft
Year Built 1949
Ownership Co-op
Maintenance $1,416/mo
Neighborhood Lower East Side

Property Highlights

  • Exposure: North,West facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Exposure North,West
Pets SizeLimit
Year Built 1949
Living Area 1,000 sq ft
Structure Type MultiFamily
Lot Size 129,224 sq ft
Parcel # 0331-0120-00550-000-0000J8E
Block/Lot 331/120

Listing History

Event Date Price Change
Listed Mar 31, 2025 $715,000 -
Currently May 1, 2026 $715,000 -

Description

**All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.** Experience this spacious outer-corner 2-bedroom apartment in Hillman, brimming with charm! Each room is filled with natural light, highlighting the expansive living room and foyer, which effortlessly doubles as a formal dining area. Adjacent to the living room is a generous eat-in kitchen, complete with windows that brighten the space. For those considering renovations, the flexible layout allows for the complete or partial removal of the wall between the living room and kitchen, creating an open floor plan that maximizes light and airflow. At the opposite end of the apartment, you'll find two king-sized bedrooms and a windowed bathroom. Additional highlights include approximately 8’6” beamed ceilings, four spacious closets, and newly refinished hardwood parquet flooring throughout. Don’t miss the opportunity to make this charming apartment your own! Co-op amenities (additional fees and waitlists may apply) include a 24/7 state-of-the-art fitness center and a modern laundry room, along with a children’s playroom, private parks, and playgrounds. Residents can also enjoy on-site super and maintenance staff, a community garden, composting services, bike storage, parking, electronics recycling, and clothing donation facilities. Washers and dryers are permitted with management approval, and dogs up to 35 lbs. are welcome with registration, a fee, and approval. Co-purchase, pied-à-terre arrangements, and gifting are allowed, and subleasing is permitted after two years of ownership. Conveniently located just a short walk from Target, Trader Joe's, Essex Market, Regal Cinemas, and more! Transportation options include M14A, M14D, M21, and M22 buses, as well as the J, M, and F trains at Delancey & Essex Streets, and the F train at East Broadway & Rutgers Streets.

Features & Amenities

Interior Features

Building In Basement

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 533
Stories 12
Structure MultiFamily

Financial Details

Maintenance $1,416/mo
Sale Price $700,000

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

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Location

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550 Grand Street #J8E, Lower East Side, New York County

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Building Information

Official NYC property records for this building

1949
Year Built
77 years old
12
Floors
525
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $33,624,450
Land Value: $6,300,000
Exemptions: $961,881

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

Lot Area: 129,224 SF
Building Area: 532,006 SF
Built FAR: 4.12
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 $1,416 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 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 1,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1949, making it approximately 77 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.

Pet policy requires confirmation with the listing broker. Additional notes: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent

At the current list price of $715,000 for 1,000 sq ft, the asking price per square foot is approximately $715. 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: RLS20012897
First Listed: 3/31/2025
On Market: 3/31/2025
Price Changed: 3/31/2025
Closed: 7/24/2025
Contract Date: 1/29/2025

Listing Courtesy of LoHo Realty Inc - Jacob J Goldman

Listing Contact: (212) 388-1115

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

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