Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
550 Grand Street #J8D
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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 Jun 15, 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.** Not all studios are created equal — and this one makes that point immediately. Perched on the 8th floor of the iconic Hillman Houses (with effective 10th-floor elevation, thanks to ground and mezzanine levels below), this 500 SF Co-op Village studio offers something increasingly rare downtown: real space, real light, and a layout that actually works. The apartment opens to a proper entry foyer — itself a luxury in this price range — before revealing a separate eat-in kitchen that earns its name: renovated finishes, abundant cabinetry, an integrated dishwasher, and enough room for a proper dining table. This is not a kitchenette tucked behind a wall. It is a dedicated room for cooking and eating, completely apart from your living space — and for a studio at this price point, that dishwasher alone sets it apart. Two oversized north-facing windows flood the living area with light and frame sweeping city and skyline views. Charming 8'6" beamed ceilings and classic hardwood parquet floors run throughout. A dedicated dressing alcove leads to a windowed bathroom. Two large walk-in closets offer exceptional storage — or the framework for a home office conversion. The layout is also genuinely flexible. Open the kitchen wall for a pass-through breakfast bar, go full open-concept, or explore adding a dividing wall to create a defined sleeping area. The bones are there for multiple configurations. Hillman Housing Corporation is one of the LES's most established co-op communities — part of the beloved Co-op Village complex that has anchored this neighborhood for generations. Building amenities include a fitness center, modern laundry facilities (in-unit washer/dryer permitted with management approval), bike storage, cold storage, a children's playroom, community garden, composting, and maintenance staff. Two private parks and playgrounds are accessible exclusively to residents. Parking garage on-site (fee, waitlist). Monthly maintenance: $811. Co-op policies are notably flexible: co-purchasing, gifting, guarantors, parents buying, pied-à-terre use, and subletting after two years of ownership are all permitted. Dogs up to 35 lbs welcome. The location is exceptional — and getting better. Essex Crossing is a short walk away, with Target, Trader Joe's, Regal Cinemas, and Essex Market all under one roof. The newly rebuilt East River Park has reopened at the waterfront with a reconstructed amphitheater, tennis courts, ballfields, basketball courts, BBQ areas, and open lawns — part of a $1.45 billion transformation that is still underway and will only improve. The new Corlears Hook pedestrian bridge now connects the park directly to Corlears Hook Park and the NYC Ferry terminal, where you can catch a boat to Williamsburg, Greenpoint, or Long Island City for the same fare as a subway ride. The M14A bus stops at the corner; the M21 runs directly across the street; the M22 and M14D are one block away, connecting you to the East Village, SoHo, the West Village, Chinatown, and beyond. The J, M, F, and Z trains are at Delancey and Essex Streets, with the F also at East Broadway.

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

126

Median Asking Price

$1.20M

Median $/Sqft

$1,435

Avg Days on Market

N/A

New This Week

7

Price Reduced

31%

Sold (30 Days)

5

Median Sale Price

$990K

Live data from RLS at REBNY • Updated 6/15/26, 10:02 AM EST

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Location

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

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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 6/15/2026 at 2:02 PM UTC

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