NOT LISTED FOR SALE

New York, NY 10002

Lower East Side Neighborhood

Estimated Value: $2,420,000 - $3,837,644

3 Beds
3.5 Baths
2,069 Sq Ft
$2,802/mo HOA Fee

Last Sold April 02, 2021

Last sale price $5,250,000 $2,537 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $24,531/month

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 April 2021

IMMEDIATE OCCUPANCY

A stunning Lower East Side condo saturated with natural light, this 3-bedroom, 3.5-bathroom home is a seamless blend of contemporary functionality and industrial chic. Features of this 2,069 sq. ft. apartment include designer-selected wide plank white oak flooring, unique concrete ceilings, oversized casement windows with northern and western exposure, warm color tones and textures, high-end fixtures and finishes, and a convenient in-home washer/dryer.

Beyond a tasteful foyer adorned with a reach-in coat closet, the home flows into a spacious, open-concept living room, dining room, and kitchen. The custom kitchen is equipped with an eat-in peninsula, onyx lacquer cabinetry with under-cabinet LED lighting, sleek quartz countertops, a matching backsplash, a Waterworks faucet, and a suite of fully-integrated appliances from Miele. The bedrooms possess private closet space and easy access to an immaculate marble bathroom with Waterworks fixtures and a custom vanity.

196 Orchard is a full-service condominium situated at the nexus of the Lower East Side and the East Village. The building, designed by NYC-based firm, Incorporated Architecture & Design, has a 24-hour attended lobby, private storage, a bicycle room, and a furnished 4,300 sq. ft. rooftop terrace with two outdoor kitchens, dedicated dining and entertaining areas, and incredible city views. Residents also receive an exclusive discount at the two-story in-building Equinox Fitness Club. 196 Orchard is surrounded by trendy restaurants, bars, cafes, and shops, and is close to Little Italy, The Bowery, NoHo, and NoLita. Nearby subway lines include the B/D/F/M/J/Z. Pets are welcome. *This is a Nest Seekers Exclusive

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD-150263.

Last Agent to Sell the Property

Jennifer Alese

Serhant License #10301216454 Listed on: 01/13/2021

Serhant

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,672

Year Built

  • Built in 2017

Lot Details

  • 0.33

HOA Fees

  • $2,802 Monthly HOA Fees

Interior Spaces

  • 2,069 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7503 / 412

Community Details

Overview

  • Lower East Side Subdivision
  • 11-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,672

Year Built

Built in 2017

Lot Details

0

HOA Fees

$2,802 per month

Listing Details

  • Cross Street: Stanton Street/East Houston Street
  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 10
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 2069.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2802.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 11
  • Year Built: 2017

Tax Info

  • Tax Block: 412
  • Tax Lot: 7503
  • Tax Annual: 27672.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Mar 15, 2021
Sold by
Mb-Reec Houston Proeprty Owner Llc
Bought by
Epstein Marcus
Seller's Agent
Jennifer Alese
Serhant
List Price
$5,250,000
Sold Price
$5,250,000
Current Estimated Value
$3,317,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,932,589
Avg. Annual Appreciation
-10.31%
Source: Public Records

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Range of Values:

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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
Epstein Marcus $4,390,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $5,250,000 0.0% $2,537 / Sq Ft
01/13/2021 01/13/21 For Sale $5,250,000 0.0% $2,537 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
10/04/2019 10/04/19 Off Market $5,250,000 -- --
04/26/2019 04/26/19 For Sale $5,250,000 0.0% $2,537 / Sq Ft
03/01/2019 03/01/19 Sold $5,250,000 -- $2,537 / 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
2024 $38,982 $311,807 $45,763 $266,044
2023 $37,649 $306,914 $45,763 $261,151
2022 $21,627 $303,586 $45,763 $257,823
2021 $37,436 $305,176 $45,763 $259,413
2020 $42,142 $337,863 $45,763 $292,100
2019 $27,977 $222,075 $45,763 $176,312
2018 $5,132 $45,763 $45,763 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Alese

    Seller's Agent in 2021

    Jennifer Alese

    Serhant

    (631) 219-4922

    3 in this area

    76 Total Sales

    Jennifer Alese
    Section Image
  • Skyler Rhoten

    Seller's Agent in 2019

    Skyler Rhoten

    Douglas Elliman Real Estate

    (240) 538-3576

    77 Total Sales

    Skyler Rhoten
    Section Image
  • Glenn Davis

    Seller Co-Listing Agent in 2019

    Glenn Davis

    Douglas Elliman Real Estate

    (917) 502-3629

    3 in this area

    111 Total Sales

    Glenn Davis
    Section Image
See All Agents

About This Building

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10691949

Real Estate Board of New York (REBNY)

APN: 0412-1285

New York New York County New York 10002

Lower East Side

This home since 13 January 2021 and is currently estimated at $3,317,411, approximately $1,603 per square foot. This property was built in 2017. This home is a home located in New York County with nearby schools including Anna Silver Elementary, The STAR Academy, and East Village Community School.

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Real Estate Board of New York (REBNY) 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.

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