- Year built
- 2007
- Type
- Condominium
- Units
- 20
- Floors
- 6
- Landmark
- No
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
183 East Broadway — recorded as West Lake Terraces — is a boutique 2007 condominium in Two Bridges, on the East Broadway corridor where the Lower East Side meets Chinatown. A corner/through-lot building also addressed at 171 Henry Street, it sits near Seward Park and Straus Square, by the East Broadway subway and the approaches to the Manhattan Bridge. It offers newer construction, condominium flexibility, private outdoor space, and an outright purchase in a dense, diverse, food-rich neighborhood — at price points well below the trophy market.
For the buyer who wants the ease of a condominium — uncapped financing, broad latitude on use, a faster closing — with a private terrace and a quiet downtown position, the building is a clean, value-oriented option.
Building operations
West Lake Terraces runs as a self-managed boutique condominium: an elevator, in-unit washer/dryers, and private terraces/balconies on many homes. There is no attended doorman, gym, garage, or pool — the building is run lean, which keeps common charges contained. That profile is appropriate for a small downtown condominium and is part of the building's value.
As a condominium, ownership is structurally flexible: purchases clear through a board's right of first refusal rather than a co-op admissions process, financing is not capped the way it is at cooperatives, and pied-à-terre, LLC, trust, and investment purchases are customary. Subletting is materially freer than at a co-op. Because the building is mixed-use, buyers should review how the residential and commercial portions sit within the condominium, and confirm any board financial terms and house rules — including the building's pet policy — at offer stage.
Recent sales
The building trades as a boutique condominium, priced on $/sf. Recorded resale activity has run from roughly the low-seven-hundreds to around one million dollars, reflecting the one-bedroom-dominant mix, with floor, exposure, and private outdoor space driving the variation. Turnover is light — only 20 residences — but resales do occur. Capture the exact square footage, floor, exposure, and terrace size of a specific unit when underwriting a purchase or list price.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF |
|---|---|---|---|---|
| Sep 15, 2025 | 2D | 1,075 sf | $875,000 | $814/sf |
| Aug 15, 2022 | 4B | 684 sf | $729,000 | $1,066/sf |
| Jul 8, 2022 | 2B | 684 sf | $760,000 | $1,111/sf |
| Dec 10, 2021 | 4D | 1,075 sf | $1,045,000 | $972/sf |
Market read. Most recent trades (2025) cleared a median $814/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00284-7504) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is a condominium, so the path is lighter than a co-op: a right-of-first-refusal process rather than a board interview, uncapped financing, and broad latitude for pied-à-terre and investment ownership. The diligence is building- and apartment-specific. Review the financials, reserve, and any planned capital work, and — because the building is mixed-use and self-managed — understand the relationship between the residential and commercial interests and the building's management arrangement. Confirm the condominium's house rules, including the pet policy, against the declaration.
The reasons to buy are flexibility, value, and outdoor space: newer construction with an elevator and in-unit laundry, condominium ownership, private terraces, and a quiet Two Bridges position steps from Seward Park, the East Broadway corridor, and the Dimes Square scene.
What to know if you’re selling
The pitch is the combination: a 2007 condominium with an elevator, in-unit laundry, and private outdoor space, in a neighborhood with deep food and cultural draw. Pricing is apartment-specific: floor, exposure, terrace size, and condition drive the number. We position the flexibility and the outdoor space, photograph the light and the terraces, and benchmark against the right comparable tier of downtown boutique condominiums. A condominium resale clears on a faster, more predictable timeline than a co-op.
Comparable buildings
If you're considering 183 East Broadway, also look at these nearby Lower East Side and downtown condominiums:
- 173 East Broadway — landmark Forward Building condominium nearby
- 136 East Broadway — boutique condominium on the same corridor
- 222 East Broadway — Lower East Side condominium nearby
- 7 Essex Street — Lower East Side condominium near Essex Crossing
- 196 Orchard — boutique Lower East Side condominium
The Roebling Team at West Lake Terraces
The Roebling Team at Compass specializes in the Lower East Side, Two Bridges, and the broader downtown condominium market. We publish this profile because buyers and sellers of boutique condominiums deserve building-specific intelligence — the architecture, the mixed-use condominium structure, the staffing and amenity reality, and where pricing sits against the right comparable tier.
If you're weighing a purchase or sale at 183 East Broadway, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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