SOLD FOR $488,000
Listed at $499,000 · Sold 2.2% below asking · Closed October 29, 2025
385 Grand Street #L502
MLS® #RLS20012192
Listing by LoHo Realty Inc
Studio
1
Bath
500
Sq. Ft.
1960
Year Built
Quick Summary
Property Highlights
- Exposure: East facing
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Mar 27, 2025 | $509,000 | - |
| Currently | May 1, 2026 | $499,000 | -2.0% |
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.** Introducing the largest and only studio available in the highly sought-after Seward Park co-op! This spacious studio features expansive double-width windows that bathe the main living area in natural light and offer stunning eastern views. With a simple addition of a wall, this area can easily be transformed into a charming one-bedroom apartment (alternative floor plan included). Adjacent to the living space, you'll find a generous, windowed eat-in kitchen. The wall between the living area and kitchen can be opened to create a convenient pass-through and dining island, or removed entirely for a bright, open loft-like ambiance. This studio also features a large bathroom with full bathtub and original tiling details, three large closets and beautifully refinished parquet floors throughout, enhancing its appeal and functionality. Don’t miss the chance to make this unique space your own! Co-op amenities (please note that additional fees and waitlists may apply) include two private parks featuring playgrounds and a water park, a fully equipped fitness center, and an indoor children's playroom. Residents enjoy the convenience of a 24/7 lobby attendant, a modern laundry room, and on-site maintenance. Additional features include a community garden, composting services, bike storage, a shared workspace, and a community room with a modern kitchen, perfect for hosting events. Located just a short walk from Trader Joe's, Target, Regal Cinemas, and Essex Market, you'll also find Chinatown, Little Italy, and various cultural venues nearby. Subleasing is permitted after two years of ownership, with shareholders required to continue paying base maintenance along with a sublet fee. Dogs are welcome with registration and approval, and in-unit washers and dryers may be allowed pending co-op approval.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Lower East Side
View All Lower East Side ListingsThe 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 NeighborhoodActive 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, 11:44 AM EST
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Location
385 Grand Street #L502, Lower East Side, New York County
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Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $756 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 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: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $499,000 for 500 sq ft, the asking price per square foot is approximately $998. 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) 416-7433Listing 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 Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 3:44 PM UTC