NOT LISTED FOR SALE

Estimated Value: $2,139,000 - $3,305,443

3 Beds
3.5 Baths
1,831 Sq Ft
$2,430/mo HOA Fee

Last Sold August 19, 2021

Last sale price $3,995,000 $2,182 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $19,609/month

131 Days on Market

Highlights

  • Built in 2017 | Newly Remodeled
  • 4-minute walk to Lower East Side-2 Avenue
  • Laundry Facilities
  • P.S. 110 Florence Nightingale Rated A
  • Central Air
  • 1-minute walk to Peretz Square

About This Home

As of August 2021

IMMEDIATE OCCUPANCY Residence 9C is a perfectly designed corner, 1,831 square foot, three bedrooms with three full baths and a powder room for guests. Oversized casement windows surrounded in bronze are facing north and east, abundant closet space in every room, and light white oak floors add warmth throughout. With a nod to the rich history of the neighborhood, the interiors are a blend of industrial and refined elements such as concrete 10? 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 and washer and dryers. 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. Ceilings range from 9? to 12? and are populated with oversized casement windows surrounded in bronze, spilling sunlight onto white oak floors. 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 façade marries the turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious. The muscular façade 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 night spots in New York City.

Last Agent to Sell the Property

Richard Hottinger

Corcoran Group License #10301214388 Listed on: 03/31/2021

Corcoran Group

Co-Listed By

Norma Callahan

Douglas Elliman Real Estate License #30CA1030495

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,988

Year Built

  • Built in 2017 | Newly Remodeled

HOA Fees

  • $2,430 Monthly HOA Fees

Home Design

  • 1,831 Sq Ft Home
  • Entry on the 9th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 412

Community Details

Overview

  • 83 Units
  • Lower East Side Subdivision
  • 10-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,988

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$2,430 per month

Listing Details

  • Cross Street: STANTON STREET and EAST HOUSTON STREET
  • 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: Dryer, Washer
  • Living Area: 1831.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2430.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Units: 83
  • Total Stories: 10
  • Year Built: 2017

Tax Info

  • Tax Block: 412
  • Tax Annual: 23988.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Aug 19, 2021
Sold by
Mb-Reec Houston Property Llc
Bought by
Orchard Apartment Llc
Seller's Agent
Richard Hottinger
Corcoran Group
List Price
$3,995,000
Sold Price
$3,995,000
Current Estimated Value
$2,730,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,264,889
Avg. Annual Appreciation
-8.47%
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
Orchard Apartment Llc $4,077,896 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $3,995,000 0.0% $2,182 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $3,995,000 -- $2,182 / 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 $33,812 $277,564 $39,694 $237,870
2024 $33,812 $270,454 $39,694 $230,760
2023 $32,656 $266,210 $39,694 $226,516
2022 $32,133 $263,324 $39,694 $223,630
2021 $32,471 $264,704 $39,694 $225,010
2020 $36,553 $293,056 $39,694 $253,362
2019 $24,267 $192,624 $39,694 $152,930
2018 $4,451 $39,694 $39,694 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10708088

Real Estate Board of New York (REBNY)

APN: 0412-1276