Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,240,000

· Closed April 12, 2023

196 ORCHARD Street #5B
Looking for something similar?
Closed For Sale Condo

$1,240,000

$1,887 per sq ft

196 ORCHARD Street #5B

Lower East Side, Manhattan

null

MLS® #RLS10913384

RLS at REBNY

Listing by Douglas Elliman Real Estate

1

Bedroom

1

Bath

657

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 657 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $933/mo
Property Taxes $11,616/yr
Neighborhood Lower East Side
Floor 5 of 10

Property Highlights

  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 5 of 10
Pets Yes
Cross Street STANTON STREET and EAST HOUSTON STREET
Year Built 2017 (New)
Living Area 657 sq ft
Parcel # 0412-1218

Description

Sold with multiple offers! 196 Orchard Street 5B, New York NY 10002 is a prime downtown loft style one-bedroom with top-of-the-line finishes and spacious layout in one of the Lower East Sides best located new developments. The most sought-after layout in the building, 5B features an oversized kitchen, the largest closet space, and is currently the only unit for sale without sponsor's transfer taxes. As an added perk, an oversized Penthouse-size storage unit may be included with the sale.

This brand new bright sleek one-bedroom features full service living, retro-industrial design, and sublime finishes. From the gracious entry foyer, experience high ceilings, distressed concrete, and hand-hewn white oak floors. Both the living room and primary suite enjoy enormous bronze casement windows, direct sunlight, open sky, and charming cityscapes with northeast and partial southern exposures for natural light all day. The stunning chef's kitchen features Nero Marquina marble balanced by warm walnut millwork. The full bathroom, conveniently located off the hall features Blue de Savoie marble and blackened nickel Waterworks fixtures. Enjoy luxury Miele appliances, in-unit Washer Dryer and designer upgrades including oversized customized closets, a custom dining island, and gel fireplace.

Residents are afforded a curated selection of modern amenities including a 4,100 square foot rooftop with multiple outdoor lounge areas furnished for sunbathing, staggering views of the city, and ability to serve your guests on the chef's table prepared in one of the two outdoor kitchens. A 30,000 square foot Equinox Fitness occupies the base of the building, for which residents enjoy reduced membership pricing. Full-service living includes 24-hour doorman, porters, handyman and resident building manager. Designed by globally acclaimed architect Ismael Leyva and New York based Inc. Architecture and Design, 196 Orchard's stunning fa ade marries turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious, layered in handcrafted bronze and glazed brick imported from Spain. Prime location at Houston and Orchard offers immediate access to some of the hottest boutiques, restaurants, and galleries in the City, with easy access to transportation right outside your door. Pied-a-terres, rentals and guarantors permitted.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Dryer Dishwasher Washer Dryer Allowed Washer

Building Information

Building null
Total Units 83
Stories 10

Financial Details

Common Charges $933/mo
RE Taxes $11,616/yr ($968/mo)
Original Price $1,425,000
Sale Price $1,240,000
Previous Price $1,325,000

The Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of historic walk-up cooperatives, value-driven HDFC units, and ultra-modern condominiums that offer some of the best views in Downtown Manhattan.

Lower East Side Live Market Data

View Neighborhood

Active Listings

106

Median Asking Price

$1.15M

Median $/Sqft

$1,246

Avg Days on Market

N/A

New This Week

5

Price Reduced

37%

Sold (30 Days)

9

Median Sale Price

$1.08M

Live data from RLS at REBNY • Updated 3/24/26, 10:35 AM EST

Similar Listings in Lower East Side

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Location

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196 ORCHARD Street #5B, Lower East Side, New York County • Near STANTON STREET and EAST HOUSTON STREET

Floor Plans

Floor Plan
MLS® ID: RLS10913384
First Listed: 6/3/2022
Price Changed: 4/13/2023
Closed: 4/12/2023
Contract Date: 6/3/2022

Listing Courtesy of Douglas Elliman Real Estate - Lydia Sussek

Listing Contact: (917) 721-7853

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/24/2026 at 2:35 PM UTC

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