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196 Orchard Street, #PHA

$3,845,000 ($1,997 per ft2) -8.3% | 3 beds, 3 baths | Approx. 1,925 ft2
354 days on Market

Key Details

  • Listed: Mar 7, 2023
    Last Price Change: -3.9% ($154,999) on Nov 27
    Days on Market: 354
    Building Type: Condominium
    Neighborhood: Lower East Side (Manhattan)
    Doorman: FT Doorman
    Listing viewed 334 times
Monthly Common Charges: $2,480
Monthly Real Estate Taxes: $1,705
Total Taxes & Fees: $4,185 ($2.17/ft2)
Est. Monthly Mortgage: $21,130
Total Est. Monthly Carrying Cost: $25,315 ($13.15/ft2)
Note: the above is based on a down payment of 20% ($769,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Building: This condominium is located at 196 Orchard Street, Lower East Side, built in 2017 with 94 apartments across 11 floors.
  • Apartment Details: The high-floor, corner apartment features 3 bedrooms, 3 bathrooms, and approximately 1,925 square feet of space. It boasts 12’ ceilings, south and east exposures with expansive views, and interiors that blend industrial and refined elements.
  • Luxury Amenities: The building offers a full-time doorman, a resident superintendent, an attended lobby, resident storage, elevator, fitness center, rooftop terrace, outdoor entertainment space, bike room, and terraces/balconies.
  • Rooftop and Kitchen Features: The apartment provides access to a 4,100 square foot rooftop with an outdoor living room and two outdoor kitchens. The interiors feature luxury Miele appliances and blackened nickel Waterworks fixtures.
  • Fitness and Leisure: Residents enjoy a reduced membership price for the 30,000 square foot Equinox in the building and close proximity to boutique restaurants and nightspots in New York City.
  • Monthly Charges: The monthly common charges are $2,480, with real estate taxes at $1,705, bringing the total taxes & fees to $4,185.

Description

MMEDIATE OCCUPANCY LAST PENTHOUSE REMAINING

Can be delivered turnkey. Inquire for details. Photos representative of model residence one floor below.

PHA is a 1,925 square foot high-floor, corner three bedroom with three full baths and soaring 12’ ceilings.

Stunning south and east exposures through oversized casement windows surrounded in bronze provide expansive views down to One World Trade and welcome sunlight throughout the day. 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 fa ade marries the turn-of-the-century New York industrial character of the Lower East Side with a lifestyle that is distinctly luxurious. The muscular fa ade 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.

PONSOR 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 Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

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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