NOT LISTED FOR SALE

Estimated Value: $3,371,000 - $4,654,000

3 Beds
3.5 Baths
2,184 Sq Ft
$3,811/mo HOA Fee

Last Sold November 04, 2024

Last sale price $4,495,000 $2,058 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $28,353/month

147 Days on Market

Highlights

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

About This Home

As of November 2024

IMMEDIATE OCCUPANCYTERRACE TERRACE TERRACE!

8J is a one of a kind 2,184 SF corner three bedroom three and a half bath with 1,634 SF wraparound terrace. Stunning light shines through the south and west exposure windows through oversized casement windows surrounded in bronze. The apartment boasts a separate entry foyer, separate dining room, and bedroom wing for ultimate privacy throughout. 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 artist's 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

Richard Hottinger

Corcoran Group License #10301214388 Listed on: 03/13/2024

Corcoran Group

Co-Listed By

Sari Ingerman

Corcoran Group License #10401252411

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,885

Year Built

  • Built in 2017

Lot Details

  • 0.33

HOA Fees

  • $3,811 Monthly HOA Fees

Home Design

  • Entry on the 8th floor

Interior Spaces

  • 2,184 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7503 / 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

$47,885

Year Built

Built in 2017

Lot Details

0

HOA Fees

$3,811 per month

Listing Details

  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 8
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 2184.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck, None
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3811.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

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: 7503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Nov 4, 2024
Sold by
Mb-Reec Houston Property Owner Llc
Bought by
Jane Johnson As Trustee and Jane Leigh Johnson Trust
Seller's Agent
Richard Hottinger
Corcoran Group
List Price
$4,750,000
Sold Price
$4,495,000
Premium/Discount to List
-$255,000
-5.37%
Views
43
Current Estimated Value
$3,891,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$603,320
Avg. Annual Appreciation
-14.43%
Source: Public Records

Range of Values:

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Average Value
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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
Jane Johnson As Trustee $4,495,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $4,495,000 0.0% $2,058 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
05/30/2024 05/30/24 Price Changed $4,495,000 -5.4% $2,058 / Sq Ft
04/30/2024 04/30/24 For Sale $4,750,000 -- $2,175 / 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 $47,885 $393,086 $56,214 $336,872
2024 $47,885 $383,016 $56,214 $326,802
2023 $46,247 $377,006 $56,214 $320,792
2022 $45,627 $372,918 $56,214 $316,704
2021 $45,986 $374,872 $56,214 $318,658
2020 $51,766 $415,023 $56,214 $358,809
2019 $34,366 $272,793 $56,214 $216,579
2018 $6,304 $56,214 $56,214 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10980988

Real Estate Board of New York (REBNY)

APN: 0412-1271