196 Orchard Street, #7J, New York (Lower East Side), NY, 10002 | $1,495,000

A Douglas Elliman Exclusive by The Eklund Gomes Team.

Residence 7J is a 733-square-foot one-bedroom, one-bathroom home that blends industrial charm with sophisticated finishes. Oversized west-facing casement windows framed in bronze fill the space with sunlight, accentuating the white oak floors and soaring 10-foot concrete ceilings. Thoughtfully designed interiors include custom walnut millwork, a striking Nero Marquina marble kitchen with premium Miele appliances, and a beautifully appointed bathroom clad in Blue de Savoie marble. Blackened nickel fixtures from Waterworks and an in-unit washer and dryer complete this refined Lower East Side residence.

At 196 Orchard, residents are treated to a refined mix of modern conveniences and inspired design. The building's crown jewel is a sprawling 4, 100-square-foot rooftop terrace, outfitted with multiple seating areas, two fully equipped outdoor kitchens, and a dining space ideal for entertaining against the backdrop of panoramic skyline views. Whether you're lounging in the sun or gathering with friends, the rooftop offers a true urban escape.

Fitness-minded residents enjoy direct access to a state-of-the-art, 30, 000-square-foot Equinox gym located in the building, with exclusive membership discounts available. Additional services include a full-time doorman and an attentive on-site superintendent, ensuring comfort and ease around the clock.

Designed by celebrated architect Ismael Leyva and brought to life in partnership with NYC-based INC Architecture & Design, 196 Orchard is a bold interpretation of downtown living. Its striking fa ade-crafted from hand-laid Spanish brick in rich black and bronze hues-pays tribute to the gritty elegance of the Lower East Side, while towering casement windows echo the neighborhood's creative pulse. Perfectly positioned at the crossroads of Orchard and Houston, the building places you at the heart of a vibrant cultural and culinary scene.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 11
  • Amenities: Bike Room; Health Club; Roof Deck; Private Storage For Fee;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Other
  • Year Built: 2017
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Concierge
  • Doorman: FullTime
  • OLR#: RLS20022504
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/RLS20022504/196orchardstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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196 Orchard Street, #7J, New York (Lower East Side), NY, 10002

$1,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,196,000 $1,196,000 $1,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.754% 6.309%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,885 $7,658 $10,173
Total Monthly Payment $7,010 $7,783 $10,298

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.