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Stock CooperativeLittle Italy

240 CENTRE Street #5B, New York City, NY 10013

Listing Courtesy of Douglas Elliman Real Estate

$17,500/mo

Potential Rebate: $263

Stock Cooperative
3 Beds
2 Baths
5 Rooms
Built 1909
5 Stories
Listed on Apr 22, 2025
252 days on market

Overview

<p>Welcome to the Police Building built in 1909 for then Commissioner Teddy Roosevelt. This incredible fully renovated property has 2 bedrooms and 2 bathrooms, has washer and dryer in unit, walk in closet, and chefs kitchen. Its stellar outdoor terrace resembles a Riva with wood paneling and private space perfect for entertaining. You feel like you are relaxing on a gorgeous Riva- Runabout right on Lago di Como. Amenities in the building include full white glove service from the 24 hour staff, storage unit, phenomenal sun drenched gym, and its own private garden with fountain. 240 Centre Street is in the prime location of Little Paris which is located next to the best shopping in Soho and some of New York City's finest restaurants like Le Coucou at 11 Howard, Balthazar, Eataly, Crazy Pizza, and Sant Ambroues. Welcome Home to 240 Centre Street. </p>

Home Features

  • Central Air
  • In Unit
  • Building Courtyard
  • Balcony
  • Private Outdoor Space Over 60 Sqft
  • Washer Dryer Allowed
  • City

Estimated Monthly Payment

$86 per month

30 year fixed, 6.28% Interest

Principal and Interest
$86
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$263

Monthly savings impact

$1/mo

Effective Purchase Price

$17,238

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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Price Analysis

Compare average listing prices and value metrics for The Police Building against the surrounding Little Italy market.

Based on 4 active units in building vs 7 in area

Average List Price

Building$2.2M
Neighborhood$3.1M

Price Per SqFt

Building Avg$2,121/ft²
Neighborhood Avg$2,051/ft²
Premium Market

3.43% Higher

than the Little Italy 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 Little Italy.

Little Italy

Historic Charm & Tourism

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Little Italy has shrunk in size but not in spirit. Dominated by Mulberry Street, it is a festive, tourist-friendly enclave.

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Real Estate & Housing Market

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Tenement apartments often above restaurants. Can be noisy but charming. Rents are high due to location.

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Lifestyle & Community

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San Gennaro Festival takes over in September. Year-round, it is about outdoor dining and cannoli.

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Transportation & Accessibility

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Centrally located near N/Q/R/W and 6 trains. SoHo and Chinatown are immediate neighbors.

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Parks, Schools & Amenities

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DeSalvio Playground. The amenities are the restaurants and bustling street life.

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Who This Neighborhood Is Best For

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Best for those who love energy, tourists, and Italian food.