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Currently, 1 apartment is for sale.
248 East 3rd Street is a six story boutique elevator building in the East Village operating as an HDFC co-op. The pet friendly building features a voice intercom system and serves residents seeking affordable homeownership in one of Manhattan's most vibrant neighborhoods. Units range from one to two bedrooms, with apartments featuring hardwood floors throughout, windowed kitchens, and multiple exposures that provide strong natural light. Top floor apartments on the sixth floor offer particularly bright conditions with high ceilings and southeastern or multi directional exposures.
As an HDFC cooperative, the building maintains strict income restrictions at 120% of Area Median Income, with caps varying based on household size. Purchases are limited to cash only offers, and buyers must occupy their apartments as primary residences, with no pied-à-terre use permitted. Gifting is allowed, and monthly maintenance has been noted at approximately $720, with 20% tax deductibility. The building's affordability structure makes it an option for those looking to control housing costs in an otherwise expensive market.
Apartments typically include practical layouts with generous bedroom sizes that accommodate queen sized furniture, built in closets, and open kitchen and living room configurations in some units. Several apartments have been offered fully furnished with designer finishes, recessed lighting, and upgraded features like Bose surround sound systems and subway tiled bathrooms. The windowed kitchens are a consistent feature across units, adding both light and ventilation.
The location offers convenient access to multiple subway lines, including the F train at Second Avenue and the J/Z trains at Bowery and Delancey/Essex. Residents are within walking distance of Tompkins Square Park with its dog run, East River Park along the waterfront, and a Whole Foods. The surrounding East Village neighborhood provides an abundance of restaurants, cafes, bars, and cultural venues including the New York Film Academy and several independent cinemas.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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