For Sale · Listing by Compass
242 Broome Street #5D
Lower East Side, Manhattan
$2,500,000
242 Broome Street #5D
MLS® #RLS20117306
Listing by Compass
- 2
- Bedrooms
- 2.5
- Baths
- 1,450
- Sq. Ft.
- 2018
- Year Built
Quick Summary
Property Highlights
- Views: Skyline
- Exposure: South,West facing
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 24, 2026 | $2,500,000 | - |
| Currently | Oct 17, 2026 | $2,500,000 | - |
Description
Set in the heart of the Lower East Side, 242 Broome offers contemporary downtown living within one of Manhattan’s most dynamic and historic neighborhoods. Designed by acclaimed SHoP Architects, the building is distinguished by its champagne-toned façade, which subtly mirrors the surrounding streetscape while bringing a distinctly modern presence to the neighborhood. Inside, DXA Studio pairs marble, blackened steel, and rich wood finishes to create sophisticated interiors that feel both elevated and inviting. Benefits from a 421-a tax abatement running through 2038. Spanning 1,450 square feet, this beautifully appointed two-bedroom, two-and-a-half-bath residence features 9-foot ceilings and 7-inch-wide white oak flooring throughout. South and west exposures bring natural light into the expansive open living and dining area, offering plenty of flexibility for both everyday living and entertaining. The open kitchen is finished with warm walnut cabinetry, polished Calacatta marble countertops and backsplash, and a generous island. A suite of fully integrated Gaggenau appliances includes a 36-inch five-burner gas cooktop, oven, separate speed oven, refrigerator, freezer, garbage disposal, and wine refrigerator. The primary bedroom features Lutron dimmers, two generous fully outfitted closets, and a beautifully finished en-suite bathroom with radiant heated floors. Alanur honed marble, Imperial Danby countertops, a custom walnut vanity, Duravit fixtures, and a spacious shower with thermostatic and volume controls create a serene, spa-like setting. The second bedroom also includes its own en-suite marble bathroom with a bathtub. Additional conveniences include a walk-in closet off the entry, providing excellent storage throughout the residence. An elegant powder room features honed marble flooring, a floor-to-ceiling mirror, and a Corian vanity and sink. Electric shades have been installed throughout. An in-unit washer and dryer completes the home. Residents of 242 Broome enjoy a thoughtfully curated collection of amenities, including a 24-hour doorman and concierge, on-site building manager, fitness center with changing areas, resident entertainment lounge with kitchen, children's playroom, flexible recreation space and billiards, and a landscaped rooftop terrace with outdoor dining. Beyond the residence, the Lower East Side continues to cement its place as one of New York City’s most exciting cultural destinations. Nearby Orchard Street has been recognized as one of the "coolest streets in the world", with its eight blocks offering an eclectic mix of independent shops, sought-after dining destinations, galleries, nightlife, and the neighborhood’s characteristic low-rise brick architecture. The area is home to the International Center of Photography (ICP), a leading institution dedicated to photography and visual culture, further adding to the neighborhood's dynamic arts and cultural landscape. With striking architecture, refined interiors, custom storage, and a location surrounded by the culture, dining, and creative energy of the Lower East Side, this residence offers a sophisticated take on modern downtown living. Just steps from Trader Joes. *Private Storage Unit Included with the residence (5' × 5')
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
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
117
Median Asking Price
$1.05M
Median $/Sqft
$1,421
Avg Days on Market
N/A
New This Week
7
Price Reduced
32%
Sold (30 Days)
13
Median Sale Price
$1.27M
Live data from RLS at REBNY • Updated 10/17/26, 7:31 PM EST
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Location
242 Broome Street #5D, Lower East Side, New York County
Floor Plans
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 common charges are $3,471 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $8,388, or roughly $699 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.
The listed interior living area is 1,450 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2018, making it approximately 8 years old.
This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.
Pets are permitted at this property: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.
At the current list price of $2,500,000 for 1,450 sq ft, the asking price per square foot is approximately $1,724. 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 milton@miltoncoste.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 Compass - Boris Sharapan Fabrikant
Listing Contact: (917) 324-0906
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.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 10/17/2026 at 11:31 PM UTC
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Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 242 Broome Street #5D
At $2,500,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
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You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Lower East Side Market Update
13 sales last 30 days · $1.05M median · 9 months supply
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Quick Facts
Monthly Costs Estimate
$500,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$31,250
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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