Listing Courtesy of City Sphere
$1,735,000
Potential Rebate: $26,025
<p> </p> <p> When you know, you know. </p> <p> From the very first moment you step inside Residence 7D at 242 Broome Street, it's clear this is more than just a one-bedroom - it's a statement of space, light, and style in the vibrant heart of Manhattan's Lower East Side.</p> <p> The building itself, designed by the acclaimed SHoP Architects, greets you with its champagne-hued facade that shimmers and shifts with the sun. It feels at once grounded in the neighborhood's historic character and confidently modern - a perfect reflection of downtown living.</p> <p> As you walk through the door, an impressive foyer sets the tone. Generous in scale, refined in detail, it invites you in with a walk-in closet and a chic powder room - an elegant welcome that makes entertaining effortless.</p> <p> And then it happens - you fall in love.</p> <p> The expansive living and dining room glows with northern and western light. Ten-foot ceilings lift the space, while wide-plank oak floors stretch gracefully underfoot. At its heart, the chef's kitchen doesn't just perform - it captivates: custom grey walnut cabinetry, polished Calacatta marble, and Gaggenau appliances that promise both beauty and precision. Gather at the marble island with friends and feel how naturally this home becomes the setting for connection.</p> <p> The primary suite is its own private retreat. Thoughtful custom storage lines the space, while the en suite bathroom feels like a spa: radiant Alanur marble floors, Danby marble counters, a walnut vanity, and polished Duravit fixtures. Every detail whispers calm, every finish invites pause.</p> <p> Life at 242 Broome is layered with luxuries. A 24-hour doorman, concierge, and on-site manager provide seamless service. The industrial-chic fitness center, entertainment lounge with catering kitchen and billiards, and rooftop terrace with cinematic skyline views turn everyday living into something extraordinary. Picture summer evenings dining under the open sky - unforgettable and entirely yours.</p> <p> And just outside, the Lower East Side hums with energy. Essex Market, the International Center for Photography, and the creative buzz of Dimes Square are steps from your door. Adding to its value, a 421-a tax abatement remains in place until 2039.</p> Residence 7D is where design, lifestyle, and location align. It isn't just modern downtown living - it's the moment you realize you've found the one. <p> </p>
$10,820 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$26,025
Monthly savings impact
$72/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of City Sphere
Data Source: TRESTLE #RLS20050998

Compare average listing prices and value metrics for Essex Crossing against the surrounding Lower East Side market.
than the Lower East Side price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Lower East Side.

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