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In Contract

196 Orchard Street, #8J

$4,495,000 ($2,058 per ft2) | 3 beds, 3.5 baths | Approx. 2,184 ft2
Building Profile  | 
188 days on Market

Key Details

  • Listed: Apr 30, 2024
    Last Price Change: ($255,000) on May 30
    Days on Market: 188
    Building Type: Condominium
    Neighborhood: Lower East Side (Manhattan)
    Doorman: FT Doorman
    Listing viewed 104 times
Monthly Common Charges: $3,811
Monthly Real Estate Taxes: $3,928
Total Taxes & Fees: $7,739 ($3.54/ft2)
Est. Monthly Mortgage: $23,828
Total Est. Monthly Carrying Cost: $31,567 ($14.45/ft2)
Note: the above is based on a down payment of 20% ($899,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Fitness Center Access: Residents enjoy a reduced membership price for the 30,000 square foot Equinox fitness center located in the building.
  • Outdoor Spaces: The apartment boasts a large 1,634 square foot wraparound terrace and access to a 4,100 square foot rooftop with an outdoor living room and two outdoor kitchens, perfect for entertaining or relaxing.
  • Premium Appliances and Fixtures: The apartment is equipped with luxury Miele appliances and Waterworks fixtures, ensuring a high standard of living.
  • Building Amenities and Services: The building offers a range of amenities including a fitness center, rooftop terrace, outdoor entertainment space, bike room, and resident storage. Additionally, there is a 24-hour doorman and resident superintendent for added security and convenience.
  • Location and Design: Located in the vibrant Lower East Side neighborhood, the building is close to boutique restaurants and nightlife, and offers easy commuting with proximity to the subway. The building is designed by acclaimed architect Ismael Leyva and Inc. Architecture and Design, featuring a unique facade with handcrafted black and bronze glazed brick imported from Spain.
  • Spacious Apartment with Luxury Finishes: This 2,184 square foot apartment features 3 bedrooms, 3.5 bathrooms, a separate entry foyer and dining room, and high-quality interior finishes including concrete ceilings, custom walnut millwork, and marble kitchens and baths.

Description

IMMEDIATE OCCUPANCYTERRACE TERRACE TERRACE!

8J is a one of a kind 2,184 SF corner three bedroom three and a half bath with 1,634 SF wraparound terrace. Stunning light shines through the south and west exposure windows through oversized casement windows surrounded in bronze. The apartment boasts a separate entry foyer, separate dining room, and bedroom wing for ultimate privacy throughout.

With a nod to the rich history of the neighborhood, the interiors of each home are a blend of industrial and refined elements such as concrete ceilings, warm walnut custom millwork, Nero Marquina black marble kitchens, and Blue de Savoie marble baths. Each residence has luxury Miele appliances and blackened nickel Waterworks fixtures.

Residents are afforded a curated selection of modern amenities including a 4,100 square foot rooftop with an outdoor living room, furnished for sunbathing or enjoying staggering views of the city at night. Serve a meal on the chef’s table prepared in one of the two outdoor kitchens.

A 30,000 square foot Equinox occupies the base of the building and residents are offered a reduced membership price. There is a 24-hour doorman and a resident superintendent.196 Orchard is a celebration of contrasts.

Designed by globally acclaimed architect, Ismael Leyva and the self-described unholy trinity, New York-based Inc. Architecture and Design, the facade marries the turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious.

The muscular facade is layered in handcrafted black and real bronze glazed brick imported from Spain, while the vertical style of the windows are reminiscent of the diverse and eclectic artist’s studios and sophisticated indie fashion shops nearby. Proudly positioned on the southeast corner of Orchard and Houston, residents are seconds from many of the best boutique restaurants and the hottest, ever-evolving nightspots in New York City.

SPONSOR MAKES NO REPRESENTATION OR WARRANTIES EXCEPT AS MAY BE SET FORTH IN THE OFFERING PLAN. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR.

FILE NO. CD 15-0263. SPONSOR: MB-REEC HOUSTON PROPERTY OWNER LLC, 594 BROADWAY, SUITE 1010, NEW YORK, NEW YORK 10010. EQUAL HOUSING OPPORTUNITY.

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Apartment Amenities

  • City View
Listing courtesy of Corcoran Group

Pricing History

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About 196 Orchard Street

68

196 Orchard Street has received a CityRealty Rating of 68, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
25
Out of 36
+
12
Out of 39
+
8
=
68
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Attended Lobby
  • FT Doorman
  • Post War
  • Resident Storage
  • Elevator
  • Fitness Center
  • Rooftop Terrace
  • Outdoor Entertainment Space
  • Bike Room
  • Terraces / Balconies

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Pros
  • Bicycle room
  • Garage
  • Some terraces
  • Bronze window surrounds
  • Concierge
  • Storage
  • Fitness center
  • Doorman
  • Roof deck
  • Close to Subway
Cons
  • No sidewalk landscaping
  • No balconies
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Subways

  1. F
at 2nd Ave and Houston 0.14 miles
  1. J
  2. M
  3. Z
at Essex 0.25 miles
  1. B
  2. D
at Chrystie 0.42 miles
  1. 6
at Lafayette 0.44 miles

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