Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,195,000

· Closed November 19, 2019

242 BROOME Street #11B
Closed For Sale Condo

$3,195,000

$1,843 per sq ft

242 BROOME Street #11B

Lower East Side, Manhattan

Essex Crossing

MLS® #RLS10842624

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

3.5

Baths

1,734

Sq. Ft.

2018

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 1,734 sq ft
Year Built 2018
Ownership Condo
HOA/Common Charges $3,425/mo
Property Taxes $12,192/yr
Neighborhood Lower East Side
Floor 11 of 14

Property Highlights

  • Exposure: South,West facing
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 3 Full, 1 Half
Floor 11 of 14
Exposure South,West
Pets Yes
Year Built 2018 (New)
Living Area 1,734 sq ft
Parcel # 0409-1244

Listing History

Event Date Price Change
Listed Sep 9, 2021 $3,195,000 -
Currently May 5, 2026 $3,195,000 -

Description

242 Broome represents a rare opportunity for anyone seeking a modern home in the Lower East Side, one of New York's most storied neighborhoods. Designed by next-generation firm SHoP Architects, the building's champagne-colored faade softly reflects the surrounding buildings, while capturing an ever-changing dance between past and future. Utilizing a sophisticated mix of materials - slab marble, blackened steel, and warm woods - the artistic, custom-designed interiors by DXA Studio exude calm and comfort.


This one-of-a-kind 1,734 SF, three-bedroom, three and a half bathroom residence features 10'1/2" ceilings and 7" wide-plank white oak floors throughout. The gracious, sun-soaked, open concept living and kitchen space embraces south and west exposures, and is complete with a dining area perfect for entertaining. The kitchen offers warm grey walnut cabinetry with a polished Calacatta marble countertop, backsplash, and kitchen island. Fully integrated, state-of-the-art Gaggenau appliances include a stainless steel 36" five-burner gas cooktop, 30" electric oven, 30" speed oven, refrigerator, freezer, and wine refrigerator.


The master bedroom reveals an oversized walk-in closet and a luxurious en suite master bath with radiant heated flooring. Alanur honed marble floors and wet walls, Imperial Danby countertops, a custom walnut vanity, and a shower with thermostat and volume regulators are complemented by Duravit polished chrome fixtures. The secondary bedrooms also provide ample closet space and en-suite bathrooms with honed marble floors and tiled wet walls. Off the foyer, the stylish powder room has honed marble floors and a floor-to-ceiling surface mounted mirror, with a Corian vanity and sink.


The residence comes complete with a washer and dryer, and the option to purchase residential storage. 242 Broome's extensive, lifestyle-enhancing amenity program includes: 24-hr doorman/concierge and building manager, fitness center with changing areas, entertainment lounge with kitchen, flex space and billiards, and a beautifully landscaped rooftop terrace with outdoor dining. This building is also expected to have a 421-a tax abatement. Occupancy is immediate.


242 Broome Street is Site 1 of the new and highly anticipated Essex Crossing Development, spanning over 9 buildings. Within the project is the new home of the 75 year-old Essex Street Market and new Regal Essex Crossing Cinema, both which opened in May 2019, amongst other commercial amenities including The International Center of Photography, Trader Joes, and The Market Line (opening Fall 2019). Once The Market Line is complete, it will be New York City's largest indoor market featuring over 150 food vendors, shops, and galleries. All of this alongside convenient transportation access makes your residence at 242 Broome that much more special.


242 Broome is currently offering two promotional incentives. All accepted offers with contracts signed before September 30th 2019 will be awarded. 2 Years of common charges as a closing cost credit, and a storage bin to be included at no additional cost. As well as, a $25,000 closing credit towards The Essex Crossing amenities.


The complete offering terms are in an offering plan available from Sponsor File No. CD15-0376. Sponsor: Site 1 DSA Owner LLC c/o Taconic Investment Partners LLC, 111 Eighth Avenue, Suite 1500, NY, NY, 10011. Equal housing opportunity.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $3,425/mo
RE Taxes $12,192/yr ($1,016/mo)
Sale Price $3,195,000

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

$1.29M

Median $/Sqft

$1,407

Avg Days on Market

N/A

New This Week

13

Price Reduced

28%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/5/26, 4:21 PM EST

Similar Listings in Lower East Side

View All

Location

Loading map...

242 BROOME Street #11B, Lower East Side, New York County

Building Information

Official NYC property records for this building

2016
Year Built
10 years old
14
Floors
55
Residential Units
C6-1
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $30,121,197
Land Value: $7,822,797
Exemptions: $23,138,367

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

Lot Area: 21,996 SF
Building Area: 137,000 SF
Built FAR: 6.23
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 common charges are $3,425 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $12,192, or roughly $1,016 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 1,734 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2018, making it approximately 8 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 $3,195,000 for 1,734 sq ft, the asking price per square foot is approximately $1,843. 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: RLS10842624
First Listed: 9/9/2021
Price Changed: 9/9/2021
Closed: 11/19/2019
Contract Date: 8/19/2019

Listing Courtesy of Douglas Elliman Real Estate - Yehiel Tirosh

Listing Contact: (917) 750-5654

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 5/5/2026 at 8:21 PM UTC

Buying a Condo? Start Here

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

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

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton