Market Notebook · Lower East Side
What Came to Market in Lower East Side This Week
6 new sale listings reached the Lower East Side market this week. Homes here typically take about 113 days to reach a signed contract, so this week's arrivals are genuinely fresh.
None of these are my listings. I track new inventory across Lower East Side every week because the first read on a building, how a unit prices against its own past sales, is the part a search portal will not assemble for you.
Below the Benchmark
3 arrivals priced below the neighborhood median.
477 Fdr Drive #M1002, a 1-bedroom co-op, asks $625,000. It is among the more affordable 1-bedroom co-ops to list this week. The last 1-bedroom to close in the building, #M1905, sold for $870,000.
385 Grand Street #L1101, a 2-bedroom, steps from the F train, is listed at $1,089,000. The ask comes in at the lower end of the 2-bedroom co-op range.
#303, the most recent 2-bedroom to close here, went for $1,225,000. 154 ATTORNEY Street #603, a 2-bedroom, a short walk from the F, J, M and Z trains, comes to market at $1,195,000. It is priced well under the neighborhood norm for 2-bedroom condos.
Where Size and Light Set the Price
3 listings priced above the median, where square footage, floor, or exposure account for the number.
475 Fdr Drive #L301-7, a 4-bedroom co-op, asks $1,450,000. At 1,800 square feet, it is one of the larger 4-bedroom layouts on the market this week.
196 ORCHARD Street #4N, a studio, steps from the F train, is listed at $950,000. The 613-square-foot floor plan runs generous for a studio condo. In the same building, #6M last traded at $950,000.
66 CLINTON Street #PHA, a 3-bedroom condo, a short walk from the F, J, M and Z trains, comes to market at $4,990,000. Space is the draw here, at 2,195 square feet.
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Milton Coste, Licensed Real Estate Associate Broker at Keller Williams NYC, has worked across all five boroughs for 25+ years.
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