196 Orchard
196 Orchard Street, New York, NY 10002
BBL 1004127503 · BIN 1090375
- Year built
- 2018
- Type
- Condominium
- Units
- 94
- Floors
- 11
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted with conditions
- Doorman
- Full-time doorman
- Financing
- No building-imposed financing cap (condominium); financing is subject to lender underwriting.
- Subletting
- Generally permitted (condominium); confirm any rental cap or right of first refusal at the offer stage.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2018–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,949
- floor-adjusted, 1 sale
- Listing discount
- 3.6%
- Recorded sales
- 103
- On record
- 2018–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 196 Orchard would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
196 Orchard is a 94-unit Lower East Side condominium directly across from Katz's Delicatessen.
The building announces itself first through its gilded-bronze brick from Costa Brava (Spain) — hand-laid and infused with gold dust, engineered to oxidize toward warmer golden tones over time. Behind that facade, daily life is built around an in-building 30,000 SF, two-story Equinox Fitness Club to which residents have special-rate access, capped by a 4,100 SF landscaped roof terrace that completes the amenity package.
Architecture and building operations
Sits on the SE corner of Orchard and Houston — directly across from Katz's Delicatessen. Brick will oxidize toward more golden tones over time, an unusual design intent.
Operations: In-building 30,000 SF, two-story Equinox Fitness Club (residents get special rates); 24-hour doorman; concierge; landscaped 4,100 SF roof deck.
Policy framework
- Type: Condominium
- Pets: Permitted
- Pied-à-terre: Permitted
- Subletting: Permitted
- Financing: Standard condominium LTV
- LLC/trust/foreign buyers: All permitted
- Right of first refusal: Procedural only
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Permitted with conditionsGenerally permitted (condominium); confirm any rental cap or right of first refusal at the offer stage.Source: The Roebling Research Desk's building record
- Pied-à-terre ownership
- Not verified
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,085 per room a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.96 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.46 per square foot a monthMedian of 8 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.49 per square foot a monthMedian of 8 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, roof deckSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $2,579/yr
- 2030–2034 annual penalty
- $129,958/yr
- Per unit / month range
- $2 – $115
- Modeled exposure split equally across 94 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed September 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 10, 2026 | 8D | 2 BR · 2 BA · 1,205 sf | $2,400,000 | $1,992/sf | -12.7% |
| Oct 1, 2025 | 5C | 1 BR · 1 BA · 708 sf | $1,370,000 | $1,935/sf | -2.1% |
| Nov 4, 2024 | 8J | 3 BR · 3.5 BA · 2,184 sf | $4,495,000 | $2,058/sf | -5.4% |
| Oct 11, 2024 | 4F | 1 BR · 1 BA · 681 sf | $1,325,000 | $1,946/sf | -3.6% |
| Jun 27, 2024 | 5D | 2 BR · 2 BA · 1,205 sf | $2,350,000 | $1,950/sf | -5.8% |
| Jun 6, 2024 | PH11A | 3 BR · 1,925 sf | $3,495,000 | $1,816/sf | +0.0% |
| Jun 6, 2024 | PHA | 3 BR · 3 BA · 1,925 sf | $3,495,000 | $1,816/sf | -9.1% |
| Dec 27, 2023 | 9E | 3 BR · 3.5 BA · 2,048 sf | $4,795,000 | $2,341/sf | -12.7% |
Market read. Most recent trades (2026 to date) cleared a median $1,949/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00412-7503). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
Closed rents at 196 Orchard, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 3 | $4,800 |
| 1 bedroom | 12 | $6,625 |
| 2 bedroom | 9 | $9,850 |
| 3 bedroom | 2 | $15,975 |
26 closed leases, October 2023 to September 2026. Most recent lease August 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 196 Orchard and nearby.
At the recent median sale of $2.4M (3 sales in the past 24 months, since October 19, 2024), a buyer putting 25% down would pay about $99,640 to close, or 4.2% of the price.
- Mansion tax: $30,000
- Mortgage recording tax: $34,650
- Title insurance: $10,800
- Attorneys, lender, building fees, reserves and filings: $24,190
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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Comparable buildings
- 215 Chrystie Street — Herzog & de Meuron 2017; immediate LES peer
- 40 Bond Street — Herzog & de Meuron 2007; nearby NoHo trophy peer
- 25 Bond Street — BKSK 2008; nearby NoHo trophy peer
- The Schumacher (36 Bleecker) — Adjmi 2015; nearby NoHo peer
- 565 Broome — Piano 2019; nearby SoHo trophy peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Lower East Side buildings
- 179 Ludlow Street — condominium
- The Freeman Residences, 183 Chrystie Street — 2024 condominium
- 195 Bowery — 2004 condominium
- 199 Bowery (NoLiTa Place) — 2002 condominium by H. Thomas O'Hara Architects
- 199 Chrystie Street — 2020 condominium by Thomas Juul-Hansen
- One Essex Crossing, 202 Broome Street — 2018 condominium by CetraRuddy Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Lower East Side — read The Roebling Team Guide to Lower East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 196 Orchard?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com