NOT LISTED FOR SALE

Estimated Value: $1,732,000 - $2,488,000

2 Beds
2 Baths
1,163 Sq Ft
$1,544/mo HOA Fee

Last Sold June 28, 2022

Last sale price $2,475,000 $2,128 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $14,566/month

65 Days on Market

Highlights

  • Built in 2017 | 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 2022

8A 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

Helen Monti

Corcoran Group License #10491203566 Listed on: 08/14/2021

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,628

Year Built

  • Built in 2017 | Newly Remodeled

HOA Fees

  • $1,544 Monthly HOA Fees

Home Design

  • 1,163 Sq Ft Home
  • Entry on the 8th floor

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,628

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$1,544 per month

Listing Details

  • Cross Street: STANTON STREET and EAST HOUSTON STREET
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 8
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1163.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1544.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Building Name: 196 ORCHARD
  • Units: 83
  • Total Stories: 10
  • Year Built: 2017

Tax Info

  • Tax Block: 00412
  • Tax Annual: 20628.0

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
$2,135,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$339,602
Avg. Annual Appreciation
-3.28%
Original Mortgage
$1,856,250
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 List to Sale Price per Sq Ft
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

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 $21,477 $176,303 $25,213 $151,090
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

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10906922

Real Estate Board of New York (REBNY)

APN: 0412-1264