---
title: "387 Grand Street #K1405, New York City, NY 10002"
description: "387 Grand Street #K1405, New York City, NY 10002 — Lower East Side, New York City, NY. Listing Price $1,150,000. 2 bed, 1 bath Illustrative Buyer Commission Share of $17,250 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k1405-ny-10002"
source: "Real Estate Rebate Team"
status: "Active"
---

# 387 Grand Street #K1405, New York City, NY 10002

Lower East Side, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $1,150,000
- **Beds**: 2
- **Baths**: 1
- **Common Charges**: $1,568 / mo
- **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**: $1,150,000
- **Illustrative Buyer Commission Share**: -$17,250*
- **Illustrative Net Cost**: $1,132,750

*Illustrative Buyer Savings of $17,250 — 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 (10)

![387 Grand Street #K1405, New York City, NY 10002 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d4186a27-a2d8-4ab4-a928-2fb877ed3635.png)
![387 Grand Street #K1405, New York City, NY 10002 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de36f61d-605d-4c65-a8af-c02fc6bb0d85.jpg)
![387 Grand Street #K1405, New York City, NY 10002 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d84b4a03-6f1f-4b09-a36a-c8321dd9be1e.png)
![387 Grand Street #K1405, New York City, NY 10002 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a7bc6117-2e46-4b89-bf99-80b95542fb10.jpg)
![387 Grand Street #K1405, New York City, NY 10002 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/357fe500-6fb3-4fff-84c6-8ef46148fcb9.png)
![387 Grand Street #K1405, New York City, NY 10002 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77f34d30-132c-47c9-86a0-d84ecb835ecf.jpg)
![387 Grand Street #K1405, New York City, NY 10002 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/39aa521f-845c-41ba-b6e2-ecf6a0b16f51.png)
![387 Grand Street #K1405, New York City, NY 10002 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e3628698-874d-4de7-870a-db1a880907c0.png)
![387 Grand Street #K1405, New York City, NY 10002 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e223a31f-d575-453d-88cb-883cc653e05c.jpg)
![387 Grand Street #K1405, New York City, NY 10002 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/221bc99d-b897-4152-bf0c-6fac2520f5e8.jpg)

## Property Overview

Welcome home to this high-floor two-bedroom, one-bathroom residence with desirable southwest exposures. Sunlight pours into the expansive living room throughout the day, enhancing the sense of space and creating a warm, inviting atmosphere that carries throughout the home. The layout is both functional and comfortable, offering distinct living and dining areas that are well-suited for everyday living as well as entertaining.

The apartment has been thoughtfully updated with new flooring and a renovated, windowed eat-in kitchen featuring clean, modern cabinetry, ample counter space, and updated appliances. The bathroom has been refreshed with contemporary finishes, providing a clean and polished look. Both bedrooms are well-proportioned and easily accommodate a variety of furniture configurations, offering flexibility for sleeping, working, or additional storage needs. Generous closet space throughout the apartment ensures excellent storage and organization.

Seward Park Co-op offers a full suite of amenities designed for convenience and lifestyle, including a fitness center, two private gated parks, a children’s playroom, a community room, laundry facilities, and attentive on-site management and maintenance. The co-op is pet-friendly, and dogs are permitted with registration.

Ideally situated at the crossroads of the Lower East Side and Essex Crossing, the location offers immediate access to everyday essentials and neighborhood conveniences, including Trader Joe’s, Target, Lidl, Regal Cinemas, and Essex Market. A wide array of restaurants, cafes, and galleries are just moments away, reflecting the vibrancy of the surrounding neighborhood. Transportation is readily accessible, with the F train at East Broadway, the F/J/M/Z lines at Delancey–Essex, and the M14A SBS bus nearby, providing seamless connectivity across the city.

## Property Details

- **Property Type**: Co-op
- **Beds**: 2
- **Baths**: 1
- **Rooms**: 5
- **Stories**: 20
- **Common Charges**: $1,568 / Monthly
- **Listed On**: Jul 27, 2026
- **Days on Market**: 42 Days

### Residence Features

- Common On Floor
- Common Area
- Building Courtyard
- Dishwasher
- Hardwood
- City

## Sales Evidence

### Recent closed sales

27 apartments at Seward Park have recorded sales since September 2021, the most recent for $850,000 in July 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [K1906](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k1906-K1906-ny-10002) (Apartment) | 1 | — | $850,000 | — | July 23, 2026 | MLS |
| D301 (Apartment) | 1 | — | $745,000 | — | July 2, 2026 | MLS |
| B1006 (Apartment) | 3 | — | $1,375,000 | — | June 18, 2026 | MLS |
| M2002 (Apartment) | 1 | — | $990,000 | — | May 27, 2026 | City record · MLS |
| D1106 (Apartment) | — | — | $995,000 | — | May 13, 2026 | City record |
| D704 (Apartment) | — | — | $985,000 | — | March 24, 2026 | City record |
| D504 (Apartment) | 2 | — | $1,400,000 | — | March 18, 2026 | City record · MLS |
| D1801 (Apartment) | 3 | — | $2,040,000 | — | January 15, 2026 | City record · MLS |
| D1304 (Apartment) | 2 | — | $1,200,000 | — | November 13, 2025 | City record · MLS |
| D1403 (Apartment) | 1 | — | $735,000 | — | August 26, 2025 | City record · MLS |
| D106 (Apartment) | 2 | 1,000 | $999,000 | $999/ft² | July 24, 2025 | City record · MLS |
| D207 (Apartment) | 2 | — | $1,210,000 | — | February 27, 2025 | City record · MLS |
| D401 (Apartment) | 1 | — | $650,000 | — | March 13, 2024 | City record · MLS |
| D204 (Apartment) | — | — | $999,999 | — | December 5, 2023 | City record |
| 1501 (Apartment) | 1 | — | $695,000 | — | July 8, 2022 | City record · MLS |
| D101 (Apartment) | — | — | $640,000 | — | May 27, 2022 | City record |
| D102 (Apartment) | — | — | $640,000 | — | May 25, 2022 | City record |
| B405 (Apartment) | 1 | — | $625,000 | — | May 2, 2022 | City record · MLS |
| D1002 (Apartment) | 1 | — | $645,000 | — | April 29, 2022 | City record · MLS |
| A105 (Apartment) | 2 | 1,000 | $930,000 | $930/ft² | March 14, 2022 | City record · MLS |
| D903 (Apartment) | 1 | — | $769,000 | — | February 14, 2022 | City record · MLS |
| D1302 (Apartment) | — | — | $685,000 | — | February 14, 2022 | City record |
| D1402 (Apartment) | — | — | $749,000 | — | December 13, 2021 | City record |
| D501/502 (Apartment) | 4 | — | $1,775,000 | — | September 28, 2021 | MLS |
| D501 (Apartment) | — | — | $1,775,000 | — | September 24, 2021 | City record |
| D601 (Apartment) | 1 | 800 | $659,000 | $824/ft² | September 20, 2021 | City record · MLS |
| D807 (Apartment) | — | — | $990,000 | — | September 8, 2021 | City record |

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 two-bedroom sales at Seward Park is $1,200,000, based on 5 sales between March 2022 and March 2026. This home is asking $1,150,000, $50,000 below that median. The middle half of those sales closed between $999,000 and $1,210,000.

- **Median closed price**: $1,200,000
- **Middle half**: $999,000 – $1,210,000
- **Based on**: 5 two-bedroom sales at Seward Park
- **Period**: March 2022 – March 2026

Square footage is recorded for only 2 of these 5 sales (40%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

Across the 5 of these sales with a published asking price, the median closed at 100% of what it originally asked. 40% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 100% of the original ask
- **Closed below ask**: 40% of 5 sales
- **Listed → in contract**: 96 days (about 14 weeks)
- **In contract → closed**: 104 days (about 15 weeks)

Across the 5 of these sales with a published asking price, the median closed at 100% of what it originally asked. 40% of them closed below the original ask.

Half of these homes were in contract within 96 days (about 14 weeks) of coming to market, based on the 4 with a recorded listing date.

Once a deal was agreed, closing took a further 104 days (about 15 weeks), based on the 4 with both dates recorded. A co-op board package and its interview account for much of that.

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 5 two-bedroom sales at Seward Park, March 2022 – March 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for co-op two-bedroom sales in Lower East Side, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $848,500 | 18 |
| 2018 | $865,000 | 18 |
| 2019 | $845,000 | 25 |
| 2020 | $950,000 | 15 |
| 2021 | $842,500 | 36 |
| 2022 | $840,000 | 35 |
| 2023 | $835,000 | 25 |
| 2024 | $844,500 | 18 |
| 2025 | $815,000 | 27 |
| 2026 | $950,000 | 11 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Lower East Side instead.

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 Seward Park](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/seward-park)

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 880 apartments. The corporation’s 2026 property tax bill was $9,088,306 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for Seward Park](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/seward-park)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### Seward Park

Lower East Side · Stock Cooperative

417 GRAND Street, New York, NY 10002

A building in Lower East Side, currently featuring 19 active listings.

- **Year Built**: 1960
- **Total Units**: 19
- **Floors**: 20

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

### Available Residences — For Sale (19)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [K1405](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k1405-ny-10002) | 2 | 1 | — | — | $1,150,000 | Compass | Jul 27, 2026 | 41 days |
| [D605](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/417-grand-street-d605-D605-ny-10002) | 2 | 1 | — | — | $950,000 (-2.6%) — In contract | Brown Harris Stevens Brooklyn LLC | Oct 1, 2025 | 340 days |
| [J405/J406](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/208-east-broadway-j405j406-J405J406-ny-10002) | 4 | 3 | 2,100 sqft | $1,179 | $2,475,000 (-4.8%) | Compass | Jan 21, 2026 | 228 days |
| [C1905](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/264-east-broadway-c1905-C1905-ny-10002) | 1 | 1 | — | — | $899,000 (-3.2%) — In contract | Brown Harris Stevens Residential Sales LLC | Nov 20, 2025 | 290 days |
| [K2002](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k2002-K2002-ny-10002) | 1 | 1 | 800 sqft | $1,031 | $825,000 (-2.9%) | Brown Harris Stevens Residential Sales LLC | Mar 11, 2026 | 179 days |
| [B1902](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/266-east-broadway-b1902-B1902-ny-10002) | Studio | 1 | 500 sqft | $1,000 | $500,000 — In contract | Brown Harris Stevens Residential Sales LLC | Feb 2, 2026 | 216 days |
| [L601](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/385-grand-street-l601-ny-10002) | 3 | 2 | — | — | $1,429,000 (-2.5%) | Brown Harris Stevens Residential Sales LLC | Feb 13, 2026 | 205 days |
| [K1906](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k1906-K1906-ny-10002) | 1 | 1 | — | — | $850,000 | Corcoran Group | Mar 4, 2026 | 186 days |
| [K707](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/387-grand-street-k707-K707-ny-10002) | 2 | 2 | — | — | $1,437,000 (-4.1%) | Brown Harris Stevens Residential Sales LLC | Mar 13, 2026 | 177 days |
| [C1801](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10002/264-east-broadway-c1801-C1801-ny-10002) | 2 | 1 | 1,220 sqft | $1,393 | $1,700,000 — In contract | Brown Harris Stevens Residential Sales LLC | Mar 19, 2026 | 171 days |
| [B1804](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/266-east-broadway-b1804-B1804-ny-10002) | 1 | 1 | — | — | $679,000 (-2.9%) — In contract | Brown Harris Stevens Residential Sales LLC | Apr 6, 2026 | 153 days |
| [M1304](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/383-grand-street-m1304-M1304-ny-10002) | 2 | 1 | — | — | $1,200,000 — In contract | Compass | May 11, 2026 | 118 days |
| [L1407](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/385-grand-street-l1407-L1407-ny-10002) | 1 | 1 | 800 sqft | $961 | $769,000 — In contract | Corcoran Group | May 27, 2026 | 102 days |
| [B705](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/266-east-broadway-b705-B705-ny-10002) | 2 | 1 | — | — | $849,000 — In contract | Brown Harris Stevens Residential Sales LLC | Jun 9, 2026 | 89 days |
| [L207](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/385-grand-street-l207-L207-ny-10002) | 1 | 1 | — | — | $699,000 | Compass | Jun 17, 2026 | 81 days |
| [C1107](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/264-east-broadway-c1107-C1107-ny-10002) | 2 | 2 | — | — | $1,425,000 — In contract | Brown Harris Stevens Residential Sales LLC | Jun 18, 2026 | 80 days |
| [E1402](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/415-grand-street-e1402-E1402-ny-10002) | Studio | 1 | — | — | $499,000 | Corcoran Group | Jul 13, 2026 | 55 days |
| [J106](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/208-east-broadway-j106-ny-10002) | 2 | 1 | — | — | $1,125,000 | Compass | Jul 30, 2026 | 38 days |
| [D302](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/417-grand-street-d302-ny-10002) | 1 | 1 | — | — | $759,000 | Brown Harris Stevens Residential Sales LLC | Jul 16, 2026 | 52 days |

## Estimated Monthly Payment

**$7,383 / month**, assuming a 20% down payment ($230,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $5,815
- **Common Charges**: $1,568

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

- [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown)
- [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy)
- [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita)
- [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village)
- [Two Bridges real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/two-bridges)
- [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho)

## Related Links

- [Seward Park — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/seward-park)
- [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.