Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,085,000

· Closed July 5, 2023

196 ORCHARD Street #4P
Closed For Sale Condo

$1,085,000

$1,782 per sq ft

196 ORCHARD Street #4P

Lower East Side, Manhattan

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MLS® #RLS10914538

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

609

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 609 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $929/mo
Property Taxes $12,312/yr
Neighborhood Lower East Side
Floor 4 of 10

Property Highlights

  • Exposure: East facing
  • Outdoor Space: Terrace
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 4 of 10
Exposure East
Pets Yes
Cross Street STANTON STREET and EAST HOUSTON STREET
Year Built 2017 (New)
Living Area 609 sq ft
Parcel # 0412-1214

Listing History

Event Date Price Change
Listed Feb 24, 2023 $1,195,000 -
Currently May 3, 2026 $1,085,000 -9.2%

Description

TERRACE TERRACE TERRACE! AVAILABLE IMMEDIATELY

4P is a gracious, 609 square foot one-bedroom with a 363 square foot private courtyard and one full bath that faces east through oversized casement windows surrounded in bronze, spilling sunlight onto white oak floors. With a nod to the rich history of the neighborhood, the interiors are a blend of industrial and refined elements such as concrete 10' ceilings, warm walnut custom millwork, Nero Marquina black marble kitchens, and Blue de Savoie marble baths. Each residence has luxury Miele appliances and blackened nickel Waterworks fixtures and washer and dryers.

Residents are afforded a curated selection of modern amenities including a 4,100 square foot rooftop with an outdoor living room, furnished for sunbathing or enjoying staggering views of the city at night. Serve a meal on the chef's table prepared in one of the two outdoor kitchens. A 30,000 square foot Equinox occupies the base of the building and residents are offered a reduced membership price. There is a 24-hour doorman and a resident superintendent.

196 Orchard is a celebration of contrasts. Designed by globally acclaimed architect, Ismael Leyva and the self-described "unholy trinity", New York-based Inc. Architecture and Design, the fa ade marries the turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious. The muscular fa ade is layered in handcrafted black and real bronze glazed brick imported from Spain, while the vertical style of the windows are reminiscent of the diverse and eclectic artist's studios and sophisticated indie fashion shops nearby. Proudly positioned on the southeast corner of Orchard and Houston, residents are seconds from many of the best boutique restaurants and the hottest, ever-evolving night spots in New York City.

SPONSOR MAKES NO REPRESENTATION OR WARRANTIES EXCEPT AS MAY BE SET FORTH IN THE OFFERING PLAN. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD 15-0263. SPONSOR: MB-REEC HOUSTON PROPERTY OWNER LLC, 594 BROADWAY, SUITE 1010, NEW YORK, NEW YORK 10010. EQUAL HOUSING OPPORTUNITY.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Terrace

Appliances

Dishwasher Washer Dryer Allowed

Building Information

Financial Details

Common Charges $929/mo
RE Taxes $12,312/yr ($1,026/mo)
Original Price $1,195,000
Sale Price $1,085,000
Previous Price $1,195,000

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

113

Median Asking Price

$1.27M

Median $/Sqft

$1,407

Avg Days on Market

N/A

New This Week

11

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/3/26, 6:48 PM EST

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Location

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196 ORCHARD Street #4P, Lower East Side, New York County • Near STANTON STREET and EAST HOUSTON STREET

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2017
Year Built
9 years old
11
Floors
94
Residential Units
C6-2A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $26,799,694
Land Value: $3,262,959
Exemptions: $0

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

Lot Area: 14,388 SF
Building Area: 149,212 SF
Built FAR: 10.37
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 $929 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $12,312, or roughly $1,026 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 609 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2017, making it approximately 9 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,085,000 for 609 sq ft, the asking price per square foot is approximately $1,782. 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: RLS10914538
First Listed: 2/24/2023
Price Changed: 7/5/2023
Closed: 7/5/2023
Contract Date: 2/24/2023

Listing Courtesy of Douglas Elliman Real Estate - Richard Hottinger

Listing Contact: (917) 930-4210

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 5/3/2026 at 10:48 PM UTC

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