Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
550 Grand Street #J8D
3D Tour
Interested in this property?
Active For Sale Co-op

$409,000

$818 per sq ft

550 Grand Street #J8D

Lower East Side, Manhattan

MLS® #RLS20022411

RLS at REBNY

Listing by LoHo Realty Inc

Studio

1

Bath

500

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 500 sq ft
Lot Size 129,224 sq ft
Year Built 1949
Ownership Co-op
Maintenance $811/mo
Neighborhood Lower East Side

Property Highlights

  • Exposure: North facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Exposure North
Pets SizeLimit
Year Built 1949
Living Area 500 sq ft
Structure Type MultiFamily
Lot Size 129,224 sq ft
Parcel # 0331-0120-00550-000-0000J8D
Block/Lot 331/120

Listing History

Event Date Price Change
Listed May 8, 2025 $465,000 -
Price Reduced Nov 20, 2025 $435,000 -6.5%
Currently May 4, 2026 $409,000 -6.0%

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.** **Spacious & Sunlit Studio with Northern City Views!** This oversized studio apartment offers sweeping city views from every room and a thoughtfully designed layout that stands out from the rest. Just off the entry foyer, you'll find a generously sized living area featuring two large north-facing windows that flood the space with natural light. Unlike most studios, this home boasts a separate, windowed kitchen with abundant cabinetry and ample counter space—perfect for cooking and casual dining. Prefer a more formal setup? The foyer and living space easily accommodate a small dining table and chairs. Across from the living area is a separate dressing alcove that leads to a windowed bathroom. Two oversized walk-in closets—easily combinable—offer incredible storage or the option to convert part of the space into a compact home office. Looking to customize? Open the kitchen wall to create a pass-through with breakfast bar or remove it entirely for an open concept feel. You can even explore converting the unit into a 1-bedroom by adding a wall in the living space. Additional features include a windowed bathroom, charming 8’6” beamed ceilings, and classic hardwood parquet floors throughout. Don’t miss the opportunity to make this exceptional studio your own! **Outstanding Co-op Amenities & Prime Location!** This well-equipped co-op offers an impressive array of amenities (additional fees and waitlists may apply), including a 24/7 state-of-the-art fitness center, modern laundry facilities, a children’s playroom, private parks, and playgrounds. Residents also enjoy the convenience of on-site super and maintenance staff, a community garden, composting services, bike storage, parking, electronics recycling, and clothing donation facilities. In-unit washers and dryers are permitted with management approval, and dogs up to 35 lbs. are welcome with registration, a fee, and board approval. Flexible ownership options include co-purchasing, gifting, and pied-à-terre use. Subletting is allowed after two years of ownership. Ideally located just a short walk from neighborhood staples like Target, Trader Joe’s, Essex Market, and Regal Cinemas. Transportation is a breeze with nearby access to the M14A, M14D, M21, and M22 buses, plus 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 $811/mo
Original Price $465,000
Previous Price $435,000

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

9

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 5/3/26, 10:48 PM EST

Similar Listings in Lower East Side

View All

Location

Loading map...

550 Grand Street #J8D, Lower East Side, New York County

Virtual Tour

Floor Plans

Floor Plan 1

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 $811 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 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 $409,000 for 500 sq ft, the asking price per square foot is approximately $818. 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: RLS20022411
First Listed: 5/8/2025
On Market: 5/8/2025
Price Changed: 11/20/2025
Contract Date: 4/15/2025

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 5/4/2026 at 2:48 AM UTC

Buying a Co-op? Start Here

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

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

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email