Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
550 Grand Street #JGC
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Active For Sale Co-op

$565,000

$753 per sq ft

550 Grand Street #JGC

Lower East Side, Manhattan

MLS® #RLS20061763

RLS at REBNY

Listing by LoHo Realty Inc

Open House Scheduled

Sunday, June 14 • 10:30 AM – 3:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

1

Bedroom

1

Bath

750

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 750 sq ft
Lot Size 129,224 sq ft
Year Built 1949
Ownership Co-op
Maintenance $982/mo
Neighborhood Lower East Side

Property Highlights

  • Location: Lower East Side, Manhattan
  • Property Type: Co-op
  • Built: 1949

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Pets SizeLimit, DogsOk
Year Built 1949
Living Area 750 sq ft
Structure Type MultiFamily
Lot Size 129,224 sq ft
Block/Lot 331/120

Listing History

Event Date Price Change
Listed Dec 1, 2025 $575,000 -
Currently Jun 14, 2026 $565,000 -1.7%

Description

**All appointments - 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** A genuine one-bedroom with a separate, windowed cook's kitchen — the kind of layout that's getting harder to find in this price range on the Lower East Side. At approx. 750 square feet, JGC lives larger than its number, and every room is a real room. A proper entry foyer opens into a generously sized living room with space to both lounge and dine. The adjoining windowed kitchen is the standout: an abundance of wood cabinetry, quartz countertops, a full suite of stainless-steel appliances, and a dishwasher — with room left over to add counter space or a breakfast nook. It's a kitchen built for actual cooking, not a galley afterthought. A hallway lined with two large closets leads to the renovated windowed bathroom, finished with a new vanity and sink, a new toilet, an oversized mirrored medicine cabinet, and recessed shelving in the tub surround. The king-sized bedroom faces northwest and holds two walk-in closets that can be combined into one wall-to-wall walk-in — plus room for a work-from-home setup. Throughout: [CEILING HEIGHT — confirm 9' for the J-line]" beamed ceilings, solid wood-plank floors, updated light fixtures and hardware, and updated baseboards. Prefer an open plan? The kitchen wall can be opened toward the living room and foyer for an expansive, light-filled layout — ask to see the alternate floor plan. Hillman Housing Corporation is one of the Lower East Side's most established co-op communities — part of the beloved Co-op Village 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, a community garden, composting, and on-site super and maintenance staff. Two private parks and playgrounds are reserved exclusively for residents, and there's an on-site parking garage (fee, waitlist). Co-op policies are notably flexible: co-purchasing, gifting, guarantors, parents buying, and pied-à-terre use are all permitted, with subletting allowed after two years of ownership. Dogs up to 35 lbs welcome. The location is exceptional — and getting better. Essex Crossing is a short walk away, bringing Target, Trader Joe's, Regal Cinemas, and Essex Market under one roof. The rebuilt East River Park has reopened at the waterfront with a reconstructed amphitheater, tennis and basketball courts, ballfields, BBQ areas, and open lawns, part of a $1.45 billion transformation still underway. The new Corlears Hook pedestrian bridge connects the park directly to Corlears Hook Park and the NYC Ferry terminal, where a boat to Williamsburg, Greenpoint, or Long Island City costs the same as a subway ride. The M14A stops at the corner, the M21 runs across the street, and the M22 and M14D are a block away, linking you to the East Village, SoHo, the West Village, and Chinatown. The J, M, F, and Z trains are at Delancey and Essex, 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 $982/mo
Original Price $575,000
Previous Price $575,000

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

30%

Sold (30 Days)

5

Median Sale Price

$990K

Live data from RLS at REBNY • Updated 6/14/26, 1:27 PM EST

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Location

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

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Floor Plans

Floor Plan 1
Floor Plan 2

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 $982 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 1 bedroom and 1 full bathroom.

The listed interior living area is 750 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.

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 $565,000 for 750 sq ft, the asking price per square foot is approximately $753. 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: RLS20061763
First Listed: 12/1/2025
On Market: 12/1/2025
Price Changed: 5/14/2026
Contract Date: 10/22/2025

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 6/14/2026 at 5:27 PM UTC

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