NOT LISTED FOR SALE

Estimated Value: $1,614,000 - $2,488,000

2 Beds
2 Baths
1,169 Sq Ft
$1,552/mo HOA Fee

Last Sold November 21, 2022

Last sale price $2,475,000 $2,117 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $14,875/month

86 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 November 2022

9A is a 1,169 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 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: 06/20/2022

Corcoran Group

Co-Listed By

Sari Ingerman

Corcoran Group License #10401252411

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,568

Year Built

  • Built in 2017 | Newly Remodeled

HOA Fees

  • $1,552 Monthly HOA Fees

Home Design

  • 1,169 Sq Ft Home
  • Entry on the 9th 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

$20,568

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$1,552 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: 9
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1169.0
  • 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: 1552.0
  • 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: 20568.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Nov 21, 2022
Sold by
Mb-Reec Houston Property Owner Llc
Bought by
196 Orchard 9A Llc
Seller's Agent
Richard Hottinger
Corcoran Group
List Price
$2,500,000
Sold Price
$2,475,000
Premium/Discount to List
-$25,000
-1%
Views
1
Current Estimated Value
$2,190,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$284,279
Avg. Annual Appreciation
-3.93%
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
196 Orchard 9A Llc $2,475,000 --
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 -- --
11/21/2022 11/21/22 Sold $2,475,000 -1.0% $2,117 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $2,500,000 -- $2,139 / 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 $21,588 $177,217 $25,344 $151,873
2024 $21,588 $172,677 $25,344 $147,333
2023 $20,850 $169,968 $25,344 $144,624
2022 $20,570 $168,125 $25,344 $142,781
2021 $20,732 $169,006 $25,344 $143,662
2020 $23,338 $187,108 $25,344 $161,764
2019 $15,493 $122,985 $25,344 $97,641
2018 $2,842 $25,344 $25,344 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10809997

Real Estate Board of New York (REBNY)

APN: 0412-1274