Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,035,000

· Closed October 14, 2021

48 Canal Street #4
Closed For Sale Condo

$2,035,000

$1,496 per sq ft

48 Canal Street #4

Chinatown, Manhattan

MLS® #RLS10722510

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

1,360

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,360 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $1,221/mo
Property Taxes $14,388/yr
Neighborhood Chinatown
Floor 4 of 7

Property Highlights

  • Exposure: North,South facing
  • Style: Prewar architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 4 of 7
Exposure North,South
Cooling Central Air
Pets Yes
Cross Street LUDLOW STREET and ORCHARD STREET
Year Built 1910
Living Area 1,360 sq ft
Architectural Style Prewar
Parcel # 0294-1004

Listing History

Event Date Price Change
Listed Jun 1, 2021 $2,195,000 -
Currently May 18, 2026 $2,035,000 -7.3%

Description

Arrive by private elevator directly into this open and bright full-floor loft. A wall of oversized windows, 10 tall, allows sunlight to stream through, illuminating the open living and dining areas. Freshly refinished birch floors and painted white brick walls compliment the natural wooden beamed ceilings, highlighting the historic nature of the building and the unique character of this old-school loft, so hard to find today.

In the center of the space, the steel and glass kitchen overlooks the living room and large dining area. There are 2 full baths, one of which is en suite to the primary bedroom and features both a shower and tub. Both bedrooms are large enough for king beds plus furniture and feature the same oversized windows found in front.

Central air-conditioning, washer/dryer hookup, video intercom, keyed-elevator entry, and basement storage all contribute to the conveniences of this rare and special home.

48 Canal Street is a pre-war, elevator condominium building with 7 stories -- just one apartment per floor. Located in downtown Manhattans Lower East Side/Two Bridges/Chinatown area, the neighborhood is packed with exciting restaurants, cafes, and fun shops like Coming Soon, Scarrs Pizza, Dimes, Ernestos, Clandestino, Cafe Grumpy and many more. Street dining is happening on the block, closed in the evenings for pedestrians, and there are many services right out the door. Within easy reach of the best of Chinatowns food offerings like Joes Shanghai, and the Lower East Sides art gallery, music, and nightlife scene, this small stretch of Canal, however, enjoys a quiet break from the traffic and noise.

Nearby, youll find Seward Park and Library, LES Coleman Skatepark, Pier 35, Corlears Hook park and ferry terminal, the B/D trains at Grand Street, the F/J/M/Z at Delancey-Essex, while the F train to East Broadway is just a block away -- passing at least two coffeeshops along the way!

Features & Amenities

Interior Features

Separate Formal Dining Room Building Washer Dryer Install Allowed

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Total Units 8
Stories 7
Style Prewar

Financial Details

Common Charges $1,221/mo
RE Taxes $14,388/yr ($1,199/mo)
Original Price $2,195,000
Sale Price $2,035,000
Previous Price $2,195,000

Chinatown occupies a dense section of Lower Manhattan centered on Canal Street, where 10 subway lines converge including the 6, J, N, Q, R, W, and Z trains, making it one of the most transit-rich neighborhoods below 14th Street. The housing stock consists primarily of prewar walk-up buildings alongside newer condominium developments and the 44-story Confucius Plaza residential tower. Columbus Park, one of the city's earliest public parks, and the 7.8-acre Sara D. Roosevelt Park provide open green space along the neighborhood's edges.

Chinatown Live Market Data

View Neighborhood

Active Listings

21

Median Asking Price

$2.19M

Median $/Sqft

$1,928

Avg Days on Market

N/A

New This Week

1

Price Reduced

62%

Sold (30 Days)

0

Median Sale Price

$413K

Live data from RLS at REBNY • Updated 5/17/26, 11:12 PM EST

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Location

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48 Canal Street #4, Chinatown, New York County • Near LUDLOW STREET and ORCHARD STREET

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
7
Floors
7
Residential Units
C6-2
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,550,599
Land Value: $179,999
Exemptions: $0

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

Lot Area: 1,787 SF
Building Area: 10,450 SF
Built FAR: 5.85
Allowed FAR: 6.02

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 common charges are $1,221 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $14,388, or roughly $1,199 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,360 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $2,035,000 for 1,360 sq ft, the asking price per square foot is approximately $1,496. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10722510
First Listed: 6/1/2021
Price Changed: 10/23/2021
Closed: 10/14/2021
Contract Date: 8/3/2021

Listing Courtesy of The Corcoran Group - Christina Prostano

Listing Contact: (646) 373-3279

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 5/18/2026 at 3:12 AM UTC

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