Estimated Value: $1,701,000 - $2,416,000
2
Beds
2
Baths
1,163
Sq Ft
$1,544/mo
HOA Fee
Highlights
- Newly Remodeled
- 4-minute walk to Lower East Side-2 Avenue
- 1-minute walk to Peretz Square
- P.S. 110 Florence Nightingale Rated A
About This Home
As of June 20228A is a 1,163 square foot high-floor, corner two bedroom with two full baths. Stunning south and east exposures through oversized casement windows surrounded in bronze provide expansive views down to One World Trade and welcome sunlight throughout the day. With a nod to the rich history of the neighborhood, the interiors of each home are a blend of industrial and refined elements such as concrete ceilings, warm walnut custom millwork, Nero Marquina black marble kitchens, and Blue de Savoie marble baths. Each residence has luxury Miele appliances and blackened nickel Waterworks fixtures.
Residents are afforded a curated selection of modern amenities including a 4,100 square foot rooftop with an outdoor living room, furnished for sunbathing or enjoying staggering views of the city at night. Serve a meal on the chef's table prepared in one of the two outdoor kitchens. A 30,000 square foot Equinox occupies the base of the building and residents are offered a reduced membership price. There is a 24-hour doorman and a resident superintendent.
196 Orchard is a celebration of contrasts. Designed by globally acclaimed architect, Ismael Leyva and the self-described unholy trinity, New York-based Inc. Architecture and Design, the facade marries the turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious. The muscular facade is layered in handcrafted black and real bronze glazed brick imported from Spain, while the vertical style of the windows are reminiscent of the diverse and eclectic artists studios and sophisticated indie fashion shops nearby. Proudly positioned on the southeast corner of Orchard and Houston, residents are seconds from many of the best boutique restaurants and the hottest, ever-evolving nightspots in New York City.
SPONSOR MAKES NO REPRESENTATION OR WARRANTIES EXCEPT AS MAY BE SET FORTH IN THE OFFERING PLAN. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD 15-0263. SPONSOR: MB-REEC HOUSTON PROPERTY OWNER LLC, 594 BROADWAY, SUITE 1010, NEW YORK, NEW YORK 10010. EQUAL HOUSING OPPORTUNITY.
Last Agent to Sell the Property
Corcoran Group License #10491203566 Listed on: 08/14/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $20,628
Year Built
- Built in 2017 | Newly Remodeled
Lot Details
- 0.33
HOA Fees
- $1,544 Monthly HOA Fees
Home Design
- 1,163 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Washer Dryer Allowed
Community Details
- 83 Units
- 196 Orchard Condos
- Lower East Side Subdivision
- 10-Story Property
Listing and Financial Details
- Tax Block 00412
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2021
Closed on
Jun 28, 2022
Sold by
Mb-Reec Houston Property Owner Llc
Bought by
Yeung Raymond
Seller's Agent
Helen Monti
Corcoran Group
List Price
$2,600,000
Sold Price
$2,475,000
Premium/Discount to List
-$125,000
-4.81%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349,953
Avg. Annual Appreciation
-4.99%
Original Mortgage
$1,856,250
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yeung Raymond | $2,475,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Yeung Raymond | $1,856,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2023 06/16/23 | Off Market | $2,475,000 | -- | -- |
| 06/28/2022 06/28/22 | Sold | $2,475,000 | -4.8% | $2,128 / Sq Ft |
| 03/25/2022 03/25/22 | Pending | -- | -- | -- |
| 01/18/2022 01/18/22 | For Sale | $2,600,000 | -- | $2,236 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $21,477 | $171,788 | $25,213 | $146,575 |
| 2023 | $20,743 | $169,092 | $25,213 | $143,879 |
| 2022 | $20,464 | $167,259 | $25,213 | $142,046 |
| 2021 | $20,625 | $168,135 | $25,213 | $142,922 |
| 2020 | $23,218 | $186,144 | $25,213 | $160,931 |
| 2019 | $15,414 | $122,351 | $25,213 | $97,138 |
| 2018 | $2,827 | $25,213 | $25,213 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Helen Monti
Seller's Agent in 2022
Helen Monti
Corcoran Group
(646) 734-4074
5 in this area
17 Total Sales
About This Building
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10906922
APN: 0412-1264
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
Nearby Homes
- 196 Orchard St Unit PHC
- 196 Orchard St Unit 5C
- 196 Orchard St Unit PH-A
- 169 Allen St Unit 1C
- 237 Eldridge St Unit 3/4
- 87 E 2nd St Unit 4 C
- 87 E 2nd St Unit 2 E
- 64 E 1st St Unit TH
- 64 E 1st St Unit TH1
- 56 E 1st St
- 204 Forsyth St Unit 4SOUTH
- 204 Forsyth St Unit 6
- 54 E 1st St Unit 6C
- 54 E 1st St Unit 1B
- 160 E 2nd St Unit 4A
- 162 E 2nd St Unit 3BB
- 162 E 2nd St Unit B
- 265 E Houston St Unit 4
- 88 E 3rd St Unit 18
- 172 E 4th St Unit 8F
- 196 Orchard St
- 196 Orchard St Unit 1
- 196 Orchard St Unit 11C
- 196 Orchard St Unit 12
- 196 Orchard St Unit 7
- 196 Orchard St Unit 24
- 196 Orchard St Unit 10B
- 196 Orchard St Unit 7M
- 196 Orchard St Unit 26
- 196 Orchard St Unit 19
- 196 Orchard St Unit 14
- 196 Orchard St Unit 23
- 196 Orchard St Unit 11D
- 196 Orchard St Unit 18
- 196 Orchard St Unit 4
- 196 Orchard St Unit 3
- 196 Orchard St Unit 17
- 196 Orchard St Unit 9
- 196 Orchard St Unit 6
- 196 Orchard St Unit 11B