---
title: "196 ORCHARD Street #5F, New York City, NY 10002"
description: "196 ORCHARD Street #5F, New York City, NY 10002 — Lower East Side, New York City, NY. Listing Price $1,199,000. 1 bed, 1 bath, 681 sqft Illustrative Buyer Commission Share of $17,985 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/196-orchard-street-5f-ny-10002"
source: "Real Estate Rebate Team"
dateModified: "2026-09-08T18:25:48.253Z"
status: "Active"
---

# 196 ORCHARD Street #5F, New York City, NY 10002

Lower East Side, New York City, NY

Courtesy of Corcoran Group

Last updated: September 8, 2026, 2:25 PM

## At a Glance

- **Listing Price**: $1,199,000
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 681
- **Common Charges**: $1,031 / mo
- **Price per Sqft**: $1,761
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $1,199,000
- **Illustrative Buyer Commission Share**: -$17,985*
- **Illustrative Net Cost**: $1,181,015

*Illustrative Buyer Savings of $17,985 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (6)

![196 ORCHARD Street #5F, New York City, NY 10002 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09a30cff-49db-4027-a4f7-a763180c455e.jpg)
![196 ORCHARD Street #5F, New York City, NY 10002 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/70c42039-3f6e-4354-a709-986c48647dac.jpg)
![196 ORCHARD Street #5F, New York City, NY 10002 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0340f0d5-36dc-421e-836d-d8c1162e61ac.jpg)
![196 ORCHARD Street #5F, New York City, NY 10002 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03c5128b-06b7-4ea8-aa06-ecdbd608c694.jpg)
![196 ORCHARD Street #5F, New York City, NY 10002 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9bbae7c6-0bd8-4476-ac00-3dd7ccc7afe3.jpg)
![196 ORCHARD Street #5F, New York City, NY 10002 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77f2976f-2681-476c-afcc-d592456ff7f5.jpg)

## Property Overview

Residence 5F is a sunny, 681 square foot one bedroom with one full bath and Empire State Building views to the north through oversized casement windows surrounded in bronze, spilling sunlight onto white oak floors. With a nod to the rich history of the neighborhood, the interiors are a blend of industrial and refined elements such as concrete 10' ceilings, warm walnut custom millwork, Nero Marquina black marble kitchens, and Blue de Savoie marble baths. The kitchen features luxury Miele appliances and blackened nickel Waterworks fixtures, washer and dryers as well as outfitted closets.

 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.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 681 sqft
- **Stories**: 10
- **Year Built**: 2017
- **Price per Sqft**: $1,761
- **Common Charges**: $1,031 / Monthly
- **Listed On**: Sep 8, 2026
- **Days on Market**: 1 Days

### Residence Features

- Central Air
- Building Other
- Building Roof Deck
- Dishwasher
- City

## Sales Evidence

### Recent closed sales

29 apartments at 196 Orchard have recorded sales since September 2021, the most recent for $1,370,000 in October 2025. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 5C (Apartment) | 1 | 708 | $1,370,000 | $1,935/ft² | October 1, 2025 | City record · MLS |
| 8J (Apartment) | 3 | 2,184 | $4,495,000 | $2,058/ft² | November 4, 2024 | City record · MLS |
| 4F (Apartment) | 1 | 681 | $1,325,000 | $1,946/ft² | October 11, 2024 | City record · MLS |
| 5-D (Apartment) | 2 | 1,205 | $2,350,000 | $1,950/ft² | June 27, 2024 | City record · MLS |
| PH11A (Apartment) | 3 | 1,925 | $3,495,000 | $1,816/ft² | June 6, 2024 | City record · MLS |
| 9E (Apartment) | 3 | 2,048 | $4,795,000 | $2,341/ft² | December 27, 2023 | City record · MLS |
| 10C (Apartment) | 3 | 1,770 | $3,692,350 | $2,086/ft² | July 18, 2023 | City record · MLS |
| 4R (Apartment) | 1 | 846 | $1,807,500 | $2,137/ft² | July 7, 2023 | City record · MLS |
| 4P (Apartment) | Studio | 609 | $1,107,801 | $1,819/ft² | July 5, 2023 | City record · MLS |
| 4Q (Apartment) | 1 | 686 | $1,475,306 | $2,151/ft² | May 22, 2023 | City record · MLS |
| 5B (Apartment) | 1 | 657 | $1,240,000 | $1,887/ft² | April 12, 2023 | City record · MLS |
| 10A (Apartment) | 3 | 1,925 | $3,977,500 | $2,066/ft² | April 12, 2023 | City record · MLS |
| 7R (Apartment) | 1 | 846 | $1,395,000 | $1,649/ft² | February 3, 2023 | City record · MLS |
| PH-F (Apartment) | 3 | 1,595 | $3,690,000 | $2,313/ft² | November 21, 2022 | MLS |
| 9A (Apartment) | 2 | 1,169 | $2,475,000 | $2,117/ft² | November 21, 2022 | City record · MLS |
| PH11F (Apartment) | — | 1,595 | $3,650,000 | $2,288/ft² | November 18, 2022 | City record |
| PHC (Apartment) | 3 | 1,997 | $4,995,000 | $2,501/ft² | September 23, 2022 | MLS |
| PH11C (Apartment) | — | 1,997 | $4,795,000 | $2,401/ft² | September 23, 2022 | City record |
| 10G (Apartment) | 1 | 786 | $1,595,000 | $2,029/ft² | July 13, 2022 | City record · MLS |
| 7J (Apartment) | 1 | 733 | $1,403,094 | $1,914/ft² | July 11, 2022 | City record · MLS |
| 8A (Apartment) | 2 | 1,163 | $2,475,000 | $2,128/ft² | June 28, 2022 | City record · MLS |
| 5N (Apartment) | Studio | 650 | $832,000 | $1,280/ft² | June 14, 2022 | City record · MLS |
| 9F (Apartment) | 2 | 1,217 | $2,543,534 | $2,090/ft² | June 10, 2022 | City record · MLS |
| 9B (Apartment) | 2 | 1,042 | $2,245,000 | $2,155/ft² | March 11, 2022 | City record · MLS |
| 6L (Apartment) | Studio | 551 | $955,119 | $1,733/ft² | February 18, 2022 | City record |
| 4D (Apartment) | 2 | 1,205 | $2,500,000 | $2,075/ft² | January 25, 2022 | City record |
| PH11G (Apartment) | 1 | 786 | $1,700,000 | $2,163/ft² | January 24, 2022 | City record · MLS |
| PH11E (Apartment) | 2 | 1,409 | $3,250,000 | $2,307/ft² | November 17, 2021 | City record · MLS |
| 5H (Apartment) | 2 | 1,360 | $2,995,000 | $2,202/ft² | September 21, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable one-bedroom sales at 196 Orchard is $1,403,094, based on 9 sales between January 2022 and October 2025. This home is asking $1,199,000, $204,094 below that median. The middle half of those sales closed between $1,370,000 and $1,595,000.

- **Median closed price**: $1,403,094
- **Middle half**: $1,370,000 – $1,595,000
- **Based on**: 9 one-bedroom sales at 196 Orchard
- **Period**: January 2022 – October 2025
- **Median $/ft²**: $1,946/ft²

Across the 9 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 89% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 96.4% of the original ask
- **Closed below ask**: 89% of 9 sales
- **Listed → in contract**: 258 days (about 37 weeks)
- **In contract → closed**: 45 days (about 6 weeks)

Across the 9 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 89% of them closed below the original ask.

Half of these homes were in contract within 258 days (about 37 weeks) of coming to market, based on the 9 with a recorded listing date.

Once a deal was agreed, closing took a further 45 days (about 6 weeks), based on the 9 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 9 one-bedroom sales at 196 Orchard, January 2022 – October 2025. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 196 Orchard, 2018 to 2024. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2018 | $2,108/ft² | 23 |
| 2019 | $1,971/ft² | 21 |
| 2020 | $1,708/ft² | 12 |
| 2021 | $2,122/ft² | 9 |
| 2022 | $2,104/ft² | 12 |
| 2023 | $2,076/ft² | 8 |
| 2024 | $1,948/ft² | 4 (thin) |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 196 Orchard](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/196-orchard)

## About The Building

### 196 Orchard

Lower East Side · Condominium

196 ORCHARD Street, New York, NY 10002

A building in Lower East Side, currently featuring 3 active listings.

- **Year Built**: 2017
- **Total Units**: 3
- **Floors**: 10

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/196-orchard)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/196-orchard-street-5f-ny-10002) | 1 | 1 | 681 sqft | $1,761 | $1,199,000 | Corcoran Group | Sep 8, 2026 | 1 days |
| [8D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/196-orchard-street-d-8D-ny-10002) | 2 | 2 | 1,205 sqft | $2,075 | $2,500,000 (-9.1%) — In contract | Compass | May 8, 2026 | 124 days |
| [4N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/196-orchard-street-4n-ny-10002) | Studio | 1 | 613 sqft | $1,550 | $950,000 | Douglas Elliman Real Estate | Jun 15, 2026 | 86 days |

## Estimated Monthly Payment

**$7,094 / month**, assuming a 20% down payment ($239,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,063
- **Common Charges**: $1,031

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Lower East Side

Overview of Lower East Side

[Explore Lower East Side](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lower-east-side) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Lower East Side

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## Related Links

- [196 Orchard — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/196-orchard)
- [Lower East Side neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lower-east-side)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.