$1,425,000
$70K PRICE DROP

Estimated payment $9,764/month

Total Views 1,759
1 Bed
1 Bath
733 Sq Ft
$1,944 Price per Sq Ft

Highlights

  • Rooftop Deck
  • 4-minute walk to Lower East Side-2 Avenue
  • Central Air
  • P.S. 110 Florence Nightingale Rated A
  • City View
  • 1-minute walk to Peretz Square

About This Home

PRICE IMPROVEMENT, MOTIVATED SELLER

A Douglas Elliman Exclusive by The Eklund Gomes Team.

Residence 7J is a 733-square-foot one-bedroom, one-bathroom home that blends industrial charm with sophisticated finishes. Oversized west-facing casement windows framed in bronze fill the space with sunlight, accentuating the white oak floors and soaring 10-foot concrete ceilings. Thoughtfully designed interiors include custom walnut millwork, a striking Nero Marquina marble kitchen with premium Miele appliances, and a beautifully appointed bathroom clad in Blue de Savoie marble. Blackened nickel fixtures from Waterworks and an in-unit washer and dryer complete this refined Lower East Side residence.

At 196 Orchard, residents are treated to a refined mix of modern conveniences and inspired design. The building's crown jewel is a sprawling 4,100-square-foot rooftop terrace, outfitted with multiple seating areas, two fully equipped outdoor kitchens, and a dining space ideal for entertaining against the backdrop of panoramic skyline views. Whether you're lounging in the sun or gathering with friends, the rooftop offers a true urban escape.

Fitness-minded residents enjoy direct access to a state-of-the-art, 30,000-square-foot Equinox gym located in the building, with exclusive membership discounts available. Additional services include a full-time doorman and an attentive on-site superintendent, ensuring comfort and ease around the clock.

Designed by celebrated architect Ismael Leyva and brought to life in partnership with NYC-based INC Architecture & Design, 196 Orchard is a bold interpretation of downtown living. Its striking fa ade-crafted from hand-laid Spanish brick in rich black and bronze hues-pays tribute to the gritty elegance of the Lower East Side, while towering casement windows echo the neighborhood's creative pulse. Perfectly positioned at the crossroads of Orchard and Houston, the building places you at the heart of a vibrant cultural and culinary scene.

Listing Agent

Frank Barone

Douglas Elliman Real Estate License #10401350848 Listed on: 05/08/2025

Douglas Elliman Real Estate

Co-Listing Agent

Fredrik Eklund

Douglas Elliman Real Estate License #10301206888

Co-Listing Agent

John Gomes

Douglas Elliman Real Estate License #30GO1052483

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,536

Year Built

  • Built in 2017

HOA Fees

  • $1,110 Monthly HOA Fees

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 733 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • West Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 1257 / 00412

Community Details

Overview

  • 83 Units
  • High-Rise Condominium
  • 196 Orchard Condos
  • Lower East Side Subdivision
  • 10-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,536

Year Built

Built in 2017

Lot Details

0

HOA Fees

$1,110 per month

Listing Details

  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 7
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 733.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City Lights, City
  • View: Yes
  • Exterior Features: Building Roof Deck, None, Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Spa/Hot Tub
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1110.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: 196 Orchard
  • Units: 83
  • Total Stories: 10
  • Year Built: 2017

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00412
  • Tax Lot: 1257

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,536 $111,115 $15,890 $95,225
2024 $13,536 $108,270 $15,890 $92,380
2023 $13,073 $106,571 $15,890 $90,681
2022 $12,898 $105,416 $15,890 $89,526
2021 $12,999 $105,968 $15,890 $90,078
2020 $14,633 $117,318 $15,890 $101,428
2019 $9,715 $77,113 $15,890 $61,223
2018 $1,782 $15,890 $15,890 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $1,425,000 -4.7% $1,944 / Sq Ft
05/08/2025 05/08/25 For Sale $1,495,000 +6.6% $2,040 / Sq Ft
06/16/2023 06/16/23 Off Market $1,403,094 -- --
07/11/2022 07/11/22 Sold $1,403,094 +2.0% $1,914 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
04/21/2022 04/21/22 Price Changed $1,375,000 0.0% $1,876 / Sq Ft
04/21/2022 04/21/22 For Sale $1,375,000 -2.0% $1,876 / Sq Ft
04/06/2022 04/06/22 Off Market $1,403,094 -- --
03/17/2022 03/17/22 For Sale $1,500,000 +6.9% $2,046 / Sq Ft
02/02/2022 02/02/22 Off Market $1,403,094 -- --
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $1,403,093 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,100,000 Purchase Money Mortgage
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20022504

Real Estate Board of New York (REBNY)

APN: 0412-1257