Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
242 Broome Street #5D

For Sale · Listing by Compass

242 Broome Street #5D

Lower East Side, Manhattan

$2,500,000

Interested in this property?
Active For Sale • Condo

$2,500,000

$1,724 per sq ft

242 Broome Street #5D

Lower East Side, Manhattan

242 Broome, Essex Crossing

MLS® #RLS20117306

RLS at REBNY

Listing by Compass

2
Bedrooms
2.5
Baths
1,450
Sq. Ft.
2018
Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 1,450 sq ft
Year Built 2018
Ownership Condo
HOA/Common Charges $3,471/mo
Property Taxes $8,388/yr
Neighborhood Lower East Side
Floor 5 of 14

Property Highlights

  • Views: Skyline
  • Exposure: South,West facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full, 1 Half
Floor 5 of 14
View Skyline
Exposure South,West
Heating Central
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 2018
Living Area 1,450 sq ft
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 0409-1209
Block/Lot 00409/1209

Listing History

Event Date Price Change
Listed Sep 24, 2026 $2,500,000 -
Currently Sep 24, 2026 $2,500,000 -

Description

Set in the heart of the Lower East Side, 242 Broome offers contemporary downtown living within one of Manhattan’s most dynamic and historic neighborhoods. Designed by acclaimed SHoP Architects, the building is distinguished by its champagne-toned façade, which subtly mirrors the surrounding streetscape while bringing a distinctly modern presence to the neighborhood. Inside, DXA Studio pairs marble, blackened steel, and rich wood finishes to create sophisticated interiors that feel both elevated and inviting. Benefits from a 421-a tax abatement running through 2038. Spanning 1,450 square feet, this beautifully appointed two-bedroom, two-and-a-half-bath residence features 9-foot ceilings and 7-inch-wide white oak flooring throughout. South and west exposures bring natural light into the expansive open living and dining area, offering plenty of flexibility for both everyday living and entertaining. The open kitchen is finished with warm walnut cabinetry, polished Calacatta marble countertops and backsplash, and a generous island. A suite of fully integrated Gaggenau appliances includes a 36-inch five-burner gas cooktop, oven, separate speed oven, refrigerator, freezer, garbage disposal, and wine refrigerator. The primary bedroom features Lutron dimmers, two generous fully outfitted closets, and a beautifully finished en-suite bathroom with radiant heated floors. Alanur honed marble, Imperial Danby countertops, a custom walnut vanity, Duravit fixtures, and a spacious shower with thermostatic and volume controls create a serene, spa-like setting. The second bedroom also includes its own en-suite marble bathroom with a bathtub. Additional conveniences include a walk-in closet off the entry, providing excellent storage throughout the residence. An elegant powder room features honed marble flooring, a floor-to-ceiling mirror, and a Corian vanity and sink. Electric shades have been installed throughout. An in-unit washer and dryer completes the home. Residents of 242 Broome enjoy a thoughtfully curated collection of amenities, including a 24-hour doorman and concierge, on-site building manager, fitness center with changing areas, resident entertainment lounge with kitchen, children's playroom, flexible recreation space and billiards, and a landscaped rooftop terrace with outdoor dining. Beyond the residence, the Lower East Side continues to cement its place as one of New York City’s most exciting cultural destinations. Nearby Orchard Street has been recognized as one of the "coolest streets in the world", with its eight blocks offering an eclectic mix of independent shops, sought-after dining destinations, galleries, nightlife, and the neighborhood’s characteristic low-rise brick architecture. The area is home to the International Center of Photography (ICP), a leading institution dedicated to photography and visual culture, further adding to the neighborhood's dynamic arts and cultural landscape. With striking architecture, refined interiors, custom storage, and a location surrounded by the culture, dining, and creative energy of the Lower East Side, this residence offers a sophisticated take on modern downtown living. Just steps from Trader Joes. *Private Storage Unit Included with the residence (5' × 5')

Features & Amenities

Interior Features

Chandelier Double Vanity Entrance Foyer High Ceilings Soaking Tub Walk In Closets In Unit See Remarks Flooring: Hardwood

Exterior Features

Building Roof Deck

Building Amenities

Billiard Room Common Playroom Concierge Elevators Fitness Center Health Club Recreation Room Clubhouse

Appliances

Cooktop Dryer Dishwasher Electric Oven Freezer Gas Cooktop Refrigerator Stainless Steel Appliances Wine Cooler Washer

Building Information

Financial Details

Common Charges $3,471/mo
RE Taxes $8,388/yr ($699/mo)

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

111

Median Asking Price

$1.10M

Median $/Sqft

$1,331

Avg Days on Market

N/A

New This Week

10

Price Reduced

32%

Sold (30 Days)

12

Median Sale Price

$893K

Live data from RLS at REBNY • Updated 9/24/26, 6:53 PM EST

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Location

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242 Broome Street #5D, Lower East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2016
Year Built
10 years old
14
Floors
55
Residential Units
C6-1
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $30,121,197
Land Value: $7,822,797
Exemptions: $23,138,367

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

Lot Area: 21,996 SF
Building Area: 137,000 SF
Built FAR: 6.23
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 common charges are $3,471 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $8,388, or roughly $699 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 1,450 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2018, making it approximately 8 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.

Pets are permitted at this property: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $2,500,000 for 1,450 sq ft, the asking price per square foot is approximately $1,724. 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: RLS20117306
First Listed: 9/24/2026
On Market: 9/24/2026
Price Changed: 9/24/2026
Contract Date: 9/24/2026

Listing Courtesy of Compass - Nasya Bat Boudreau

Listing Contact: (315) 729-1438

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 9/24/2026 at 10:53 PM UTC

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Lower East Side Market Update

12 sales last 30 days · $1.10M median · 9.3 months supply

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New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Lower East Side Borough Manhattan
County New York
Floor 5 of 14
Year Built 2018
First Listed 9/24/2026
Living Area 1,450 sqft
Common Charges $3,471/mo
Annual Tax $8,388

Monthly Costs Estimate

Down Payment 20%

$500,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $3,471
Est. Taxes $699
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$31,250

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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