---
title: "550 Grand Street #JGC, New York City, NY 10002"
description: "550 Grand Street #JGC, New York City, NY 10002 — Lower East Side, New York City, NY. Listing Price $565,000. 1 bed, 1 bath, 750 sqft Illustrative Buyer Commission Share of $8,475 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-jgc-JGC-ny-10002"
source: "Real Estate Rebate Team"
dateModified: "2026-09-11T02:12:49.800Z"
status: "Active"
---

# 550 Grand Street #JGC, New York City, NY 10002

Lower East Side, New York City, NY

Courtesy of LoHo Realty Inc

Last updated: September 10, 2026, 10:12 PM

## At a Glance

- **Listing Price**: $565,000
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 750
- **Common Charges**: $982 / mo
- **Price per Sqft**: $753
- **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**: $565,000
- **Illustrative Buyer Commission Share**: -$8,475*
- **Illustrative Net Cost**: $556,525

*Illustrative Buyer Savings of $8,475 — 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)

![550 Grand Street #JGC, New York City, NY 10002 — photo 1 of 10](https://realestaterebatesnewyork.com/api/assets/d2ec6cb6-8782-48ed-abeb-c3d7a3a5275a)
![550 Grand Street #JGC, New York City, NY 10002 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa5efad8-374d-4264-ae0f-59a9909a032a.jpg)
![550 Grand Street #JGC, New York City, NY 10002 — photo 3 of 10](https://realestaterebatesnewyork.com/api/assets/f5a7859b-2403-4a52-b21d-e1d38a68a677)
![550 Grand Street #JGC, New York City, NY 10002 — photo 4 of 10](https://realestaterebatesnewyork.com/api/assets/728366d3-6603-48f8-8662-8d57bb4b9868)
![550 Grand Street #JGC, New York City, NY 10002 — photo 5 of 10](https://realestaterebatesnewyork.com/api/assets/61a4cbdd-b880-433a-abbe-d698d8ad6160)
![550 Grand Street #JGC, New York City, NY 10002 — photo 6 of 10](https://realestaterebatesnewyork.com/api/assets/5a2631ab-9e7f-44bb-9b59-669dfea189a9)
![550 Grand Street #JGC, New York City, NY 10002 — photo 7 of 10](https://realestaterebatesnewyork.com/api/assets/dd84ce40-ccd8-4419-a98a-8e6fb98234e0)
![550 Grand Street #JGC, New York City, NY 10002 — photo 8 of 10](https://realestaterebatesnewyork.com/api/assets/0d866c4f-8e58-4693-93fe-5e044aa69e27)
![550 Grand Street #JGC, New York City, NY 10002 — photo 9 of 10](https://realestaterebatesnewyork.com/api/assets/78b46de0-5eff-409c-a54b-867d75ce8c64)
![550 Grand Street #JGC, New York City, NY 10002 — photo 10 of 10](https://realestaterebatesnewyork.com/api/assets/6dee34dc-260a-4680-84e4-af577ad2cd78)

## Property Overview

**All appointments - including Sunday Open Houses - are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present**

A genuine one-bedroom with a separate, windowed cook's kitchen — the kind of layout that's getting harder to find in this price range on the Lower East Side. At approx. 750 square feet, JGC lives larger than its number, and every room is a real room.

A proper entry foyer opens into a generously sized living room with space to both lounge and dine. The adjoining windowed kitchen is the standout: an abundance of wood cabinetry, quartz countertops, a full suite of stainless-steel appliances, and a dishwasher — with room left over to add counter space or a breakfast nook. It's a kitchen built for actual cooking, not a galley afterthought.

A hallway lined with two large closets leads to the renovated windowed bathroom, finished with a new vanity and sink, a new toilet, an oversized mirrored medicine cabinet, and recessed shelving in the tub surround. The king-sized bedroom faces northwest and holds two walk-in closets that can be combined into one wall-to-wall walk-in — plus room for a work-from-home setup. Throughout: [CEILING HEIGHT — confirm 9' for the J-line]" beamed ceilings, solid wood-plank floors, updated light fixtures and hardware, and updated baseboards.

Prefer an open plan? The kitchen wall can be opened toward the living room and foyer for an expansive, light-filled layout — ask to see the alternate floor plan.

Hillman Housing Corporation is one of the Lower East Side's most established co-op communities — part of the beloved Co-op Village that has anchored this neighborhood for generations. Building amenities include a fitness center, modern laundry facilities (in-unit washer/dryer permitted with management approval), bike storage, cold storage, a children's playroom, a community garden, composting, and on-site super and maintenance staff. Two private parks and playgrounds are reserved exclusively for residents, and there's an on-site parking garage (fee, waitlist). Co-op policies are notably flexible: co-purchasing, gifting, guarantors, parents buying, and pied-à-terre use are all permitted, with subletting allowed after two years of ownership. Dogs up to 35 lbs welcome.

The location is exceptional — and getting better. Essex Crossing is a short walk away, bringing Target, Trader Joe's, Regal Cinemas, and Essex Market under one roof. The rebuilt East River Park has reopened at the waterfront with a reconstructed amphitheater, tennis and basketball courts, ballfields, BBQ areas, and open lawns, part of a $1.45 billion transformation still underway. The new Corlears Hook pedestrian bridge connects the park directly to Corlears Hook Park and the NYC Ferry terminal, where a boat to Williamsburg, Greenpoint, or Long Island City costs the same as a subway ride. The M14A stops at the corner, the M21 runs across the street, and the M22 and M14D are a block away, linking you to the East Village, SoHo, the West Village, and Chinatown. The J, M, F, and Z trains are at Delancey and Essex, with the F also at East Broadway.

## Property Details

- **Property Type**: Co-op
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 750 sqft
- **Stories**: 12
- **Year Built**: 1949
- **Price per Sqft**: $753
- **Common Charges**: $982 / Monthly
- **Listed On**: Dec 1, 2025
- **Days on Market**: 285 Days

### Residence Features

- Building In Basement

## Sales Evidence

### Recent closed sales

36 apartments at 550 Grand Street have recorded sales since September 2021, the most recent for $400,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [J8D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-j8d-J8D-ny-10002) (Apartment) | Studio | 500 | $400,000 | $800/ft² | August 13, 2026 | MLS |
| H1B (Apartment) | 1 | 750 | $562,500 | $750/ft² | June 29, 2026 | MLS |
| H4D (Apartment) | 1 | 775 | $570,000 | $735/ft² | May 19, 2026 | City record · MLS |
| J2F (Apartment) | 2 | 1,000 | $690,000 | $690/ft² | January 15, 2026 | City record · MLS |
| G11D (Apartment) | 1 | — | $690,000 | — | October 20, 2025 | City record · MLS |
| J7G (Apartment) | 1 | 700 | $525,000 | $750/ft² | October 17, 2025 | City record · MLS |
| H5G (Apartment) | 1 | — | $525,000 | — | September 10, 2025 | City record · MLS |
| GGA (Apartment) | 1 | 750 | $570,000 | $760/ft² | July 24, 2025 | City record · MLS |
| J8E (Apartment) | 2 | 1,000 | $700,000 | $700/ft² | July 24, 2025 | City record · MLS |
| G7A (Apartment) | — | — | $690,000 | — | March 17, 2025 | City record |
| G3E (Apartment) | 2 | 1,010 | $825,000 | $817/ft² | January 24, 2025 | City record |
| J8A (Apartment) | 2 | 1,000 | $690,000 | $690/ft² | January 22, 2025 | City record · MLS |
| H10D (Apartment) | 1 | — | $555,000 | — | November 7, 2024 | City record · MLS |
| J4G (Apartment) | — | — | $470,000 | — | October 31, 2024 | City record |
| H11E (Apartment) | 1 | 750 | $500,000 | $667/ft² | October 11, 2024 | City record · MLS |
| H5A (Apartment) | 1 | 600 | $508,880 | $848/ft² | June 28, 2024 | City record · MLS |
| G2D (Apartment) | 2 | — | $705,000 | — | January 12, 2024 | City record · MLS |
| H10B (Apartment) | 1 | — | $533,500 | — | November 8, 2023 | City record · MLS |
| J5E (Apartment) | — | — | $655,000 | — | September 28, 2023 | City record |
| G5F (Apartment) | 3 | — | $1,080,000 | — | August 21, 2023 | City record · MLS |
| H5B (Apartment) | 1 | — | $618,000 | — | May 19, 2023 | City record · MLS |
| J12B (Apartment) | 1 | 900 | $560,000 | $622/ft² | January 25, 2023 | City record · MLS |
| J3G (Apartment) | — | — | $510,000 | — | December 20, 2022 | City record |
| G-9B (Apartment) | 2 | 1,000 | $725,000 | $725/ft² | September 20, 2022 | City record · MLS |
| GGC (Apartment) | 2 | — | $700,000 | — | July 12, 2022 | City record · MLS |
| J10E (Apartment) | — | — | $810,000 | — | June 28, 2022 | City record |
| G9D (Apartment) | 2 | — | $725,000 | — | June 21, 2022 | City record · MLS |
| G8B (Apartment) | 2 | — | $732,500 | — | May 3, 2022 | City record · MLS |
| H2D (Apartment) | — | — | $595,000 | — | March 15, 2022 | City record |
| JGC (Apartment) | 1 | — | $460,000 | — | February 3, 2022 | City record · MLS |
| H2E (Apartment) | 1 | — | $530,000 | — | January 27, 2022 | City record · MLS |
| H8G (Apartment) | 1 | 720 | $550,000 | $764/ft² | January 18, 2022 | City record · MLS |
| J11H (Apartment) | 3 | 1,220 | $999,000 | $819/ft² | November 19, 2021 | City record · MLS |
| J12A (Apartment) | 1 | 900 | $630,000 | $700/ft² | October 15, 2021 | City record · MLS |
| J1A (Apartment) | — | — | $750,000 | — | October 7, 2021 | City record |
| G6D (Apartment) | 2 | 1,000 | $710,000 | $710/ft² | September 24, 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 550 Grand Street is $550,000, based on 15 sales between October 2021 and May 2026. This home is asking $565,000, $15,000 above that median. The middle half of those sales closed between $525,000 and $570,000.

- **Median closed price**: $550,000
- **Middle half**: $525,000 – $570,000
- **Based on**: 15 one-bedroom sales at 550 Grand Street
- **Period**: October 2021 – May 2026

Square footage is recorded for only 8 of these 15 sales (53%), 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 14 of these sales with a published asking price, the median closed at 93.4% of what it originally asked. 86% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 93.4% of the original ask
- **Closed below ask**: 86% of 14 sales
- **Listed → in contract**: 102 days (about 15 weeks)
- **In contract → closed**: 70 days (about 10 weeks)

Across the 14 of these sales with a published asking price, the median closed at 93.4% of what it originally asked. 86% of them closed below the original ask.

Half of these homes were in contract within 102 days (about 15 weeks) of coming to market, based on the 10 with a recorded listing date.

Once a deal was agreed, closing took a further 70 days (about 10 weeks), based on the 11 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 15 one-bedroom sales at 550 Grand Street, October 2021 – May 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 one-bedroom sales in Lower East Side, 2017 to 2025. 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 | $640,000 | 29 |
| 2018 | $642,000 | 24 |
| 2019 | $599,000 | 25 |
| 2020 | $639,500 | 24 |
| 2021 | $630,000 | 39 |
| 2022 | $615,000 | 42 |
| 2023 | $622,500 | 24 |
| 2024 | $615,000 | 27 |
| 2025 | $602,500 | 34 |

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 550 Grand Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-grand-street)

## Price and Property History for 550 Grand Street, Unit JGC

Review the recorded listing activity for 550 Grand Street, Unit JGC, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $10,000, or 1.7%, on May 14, 2026
- **Originally listed**: October 22, 2025 at $575,000
- **Current asking price**: $565,000
- **Last sold (recorded)**: $460,000 on February 3, 2022

| Date | Price | Listing event |
| --- | --- | --- |
| May 14, 2026 | $565,000 | Asking price reduced by $10,000, or 1.7% |
| October 22, 2025 | $575,000 | Listed for sale by LoHo Realty Inc |
| February 3, 2022 | $460,000 | Sold — recorded sale price |
| March 17, 2021 | $549,000 | Listed for sale by Halstead dba Brown Harris Stevens Residential Sales LLC |
| July 28, 2014 | — | Sold |
| March 12, 2014 | — | Entered contract |
| March 12, 2014 | $375,000 | Listed for sale by LoHo Realty Inc |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 525 apartments. The corporation’s 2026 property tax bill was $4,017,424 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 550 Grand Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-grand-street)

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

## About The Building

### 550 Grand Street

Lower East Side · Stock Cooperative

550 Grand Street, New York, NY 10002

A building in Lower East Side, currently featuring 4 active listings.

- **Year Built**: 1949
- **Total Units**: 4
- **Floors**: 12

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-grand-street)

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [JGC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-jgc-JGC-ny-10002) | 1 | 1 | 750 sqft | $753 | $565,000 (-1.7%) | LoHo Realty Inc | Dec 1, 2025 | 285 days |
| [G3E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-g3e-G3E-ny-10002) | 2 | 1 | 1,010 sqft | $842 | $850,000 — In contract | Compass | Oct 18, 2024 | 694 days |
| [J8D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-j8d-J8D-ny-10002) | Studio | 1 | 500 sqft | $818 | $409,000 (-6.0%) | LoHo Realty Inc | May 8, 2025 | 492 days |
| [J4B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10002/550-grand-street-j4b-J4B-ny-10002) | 2 | 1 | 1,000 sqft | $725 | $725,000 (-1.4%) | LoHo Realty Inc | Jun 4, 2026 | 100 days |

## Estimated Monthly Payment

**$3,839 / month**, assuming a 20% down payment ($113,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,857
- **Common Charges**: $982

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)
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- [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

- [550 Grand Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-grand-street)
- [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.