Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $459,000

Listed at $474,900 · Sold 3.3% below asking · Closed March 23, 2021

385 Grand Street #L1602
Closed For Sale Co-op

$474,900

$950 per sq ft

385 Grand Street #L1602

Lower East Side, Manhattan

SEWARD PARK HOUSES

MLS® #RLS10657727

RLS at REBNY

Listing by Hauseit LLC

Studio

1

Bath

500

Sq. Ft.

1960

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 500 sq ft
Year Built 1960
Ownership Co-op
Maintenance $563/mo
Parking Garage
Neighborhood Lower East Side

Property Highlights

  • Views: City
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
View City
Pets Yes
Cross Street ESSEX AND CLINTON STREETS
Year Built 1960
Living Area 500 sq ft
Parking Garage Available
Parcel # 0311-0013-00385-000-00L1602

Listing History

Event Date Price Change
Listed Aug 13, 2020 $474,900 -
Currently May 5, 2026 $474,900 -

Description

Modern co-op studio for sale in Lower East Side. Features: Open concept layout in a high floor, elevator, and doorman building. Sleek kitchen with island and Corian countertops. A clean, contemporary bathroom.

Highlights: A low monthly HOA/maintenance includes heat, hot water, gas and RE taxes. Convenient, commuter friendly and trendy neighborhood where you can walk to Target, Trader Joe's, subway/bus transit and all the best of downtown NYC.

Co-op amenities: 24/7 lobby attendant, 24/7 laundry room, 2 private parks with playgrounds & outdoor seating, bike room, car parking for rent, children's playroom, community event room, community garden, fitness center, shared work space, storage room and many more (additional fees & wait lists may apply).





Features & Amenities

Interior Features

Eat In Kitchen Common Area

Building Information

Financial Details

Maintenance $563/mo
Sale Price $459,000

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

115

Median Asking Price

$1.29M

Median $/Sqft

$1,411

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 5/5/26, 7:52 AM EST

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Location

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385 Grand Street #L1602, Lower East Side, New York County • Near ESSEX AND CLINTON STREETS

Floor Plans

Floor Plan 1

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 $563 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 500 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 $474,900 for 500 sq ft, the asking price per square foot is approximately $950. 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: RLS10657727
First Listed: 8/13/2020
Price Changed: 2/5/2021
Closed: 3/23/2021
Contract Date: 8/13/2020

Listing Courtesy of Hauseit LLC - Nick Oliver

Listing Contact: (888) 494-8258

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 11:52 AM UTC

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