Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

475 FDR Drive #L1204
Interested in this property?
Pending For Sale Co-op

$600,000

475 FDR Drive #L1204

Lower East Side, Manhattan

East River Housing Corporation

MLS® #RLS20051264

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1955

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1955
Ownership Co-op
Maintenance $1,245/mo
Neighborhood Lower East Side
Floor 12 of 21

Property Highlights

  • Views: City
  • Outdoor Space: None, Balcony
  • Climate Control: Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 12 of 21
View City
Cooling Other
Pets CatsOk, Yes
Year Built 1955
Structure Type HighRise
Basement Other
Block/Lot 00321/0001

Listing History

Event Date Price Change
Listed Sep 26, 2025 $550,000 -
Price Reduced Nov 18, 2025 $499,000 -9.3%
Currently May 28, 2026 $600,000 +20.2%

Description

Welcome to this beautifully updated 1-bedroom, 1-bath residence at 475 FDR Drive, L1204 offering comfort, light, and functionality in a prime East River location.

This spacious home opens to the ideal work from home office nook before entering the renovated kitchen with stainless steel appliances and ample cabinetry. A generous living and dining area with hardwood floors leads to the standout feature of this apartment: the enclosed private balcony, perfect for year-round use-whether as a sunny reading nook, home office, or dining extension. The private bedroom is complemented by large closets, providing excellent storage.

Set within a well-maintained post-war co-op, residents enjoy 24-hour security, landscaped grounds including 2 private parks, on-site laundry, fitness center, community rooms, and parking options. The building is part of the East River Housing Cooperative, offering a vibrant community feel and peaceful surroundings along the water.

Located on the Lower East Side, this home places you close to East River Park, Corlears Hook Park, and the scenic waterfront promenade. Neighborhood highlights include an array of restaurants, cafés, and shops on Grand Street and Clinton Street.

Features & Amenities

Interior Features

Building None

Exterior Features

Building Courtyard Balcony Private Outdoor Space Over60 Sqft None Balcony

Building Amenities

Bike Storage Common Playroom Elevators

Building Information

Financial Details

Maintenance $1,245/mo
Original Price $550,000
Previous Price $499,000

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

122

Median Asking Price

$1.28M

Median $/Sqft

$1,400

Avg Days on Market

N/A

New This Week

9

Price Reduced

28%

Sold (30 Days)

5

Median Sale Price

$990K

Live data from RLS at REBNY • Updated 5/28/26, 5:55 PM EST

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Location

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475 FDR Drive #L1204, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1955
Year Built
71 years old
20
Floors
839
Residential Units
R7-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $59,220,000
Land Value: $8,595,450
Exemptions: $1,092,922

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 298,550 SF
Building Area: 1,231,250 SF
Built FAR: 4.12
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,245 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1955, making it approximately 71 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20051264
First Listed: 9/26/2025
On Market: 9/26/2025
Price Changed: 11/18/2025
Pending Since: 11/14/2025
Contract Date: 9/26/2025

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Marc W Schaeffer

Listing Contact: (212) 381-4250

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 5/28/2026 at 9:55 PM UTC

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