- Year built
- 2002
- Type
- Condominium
- Units
- 65
- Floors
- 12
- Landmark
- No
- Pets
- Pets permitted under condominium rules
- Subletting
- Permitted under the condominium declaration; confirm current terms at offer stage
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2006–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,616
- Listing discount
- 2.1%
- Recorded sales
- 108
- On record
- 2006–2026
NoLiTa Place was one of the buildings that announced the Bowery's early-2000s reinvention. Completed in 2002 and converted to a condominium in 2005, the 12-story building predates the New Museum, 250 Bowery, and the wave of design-led towers that followed — it was an early bet on the Bowery as a residential address at the meeting point of Nolita, the Lower East Side, and the Lower East Side gallery district.
Designed by H. Thomas O'Hara Architects, it is a red-brick mid-rise conceived as a setback tower over a low base, with a light-colored vertical element toward its northern end. What distinguishes it in the current market is the service package: unlike many boutique Bowery condominiums, NoLiTa Place is a genuinely full-service building — 24-hour doorman, live-in resident manager, fitness center, and a landscaped wrap-around roof deck — at a unit count of 65 that keeps carrying costs and service scale sensible.
For buyers, that combination — full-service operations, condominium flexibility, and a central downtown location — is the building's core appeal.
Architecture and unit composition
The 65 residences distribute across 12 stories and run from studios through one- and two-bedroom layouts. The plan yields many windowed kitchens and corner living rooms, and a number of units carry large private terraces. The setback massing gives upper floors open exposures, and the wrap-around roof deck reads toward the downtown skyline.
Interiors are contemporary early-2000s in bones — hardwood floors, central air, and washer-dryers in most residences — with renovation quality varying apartment to apartment and factoring into the pricing spread within the building.
Building operations
NoLiTa Place is a full-service condominium: a 24-hour attended lobby with a full-time doorman and concierge, a live-in resident manager, an elevator, a fitness center, a landscaped wrap-around roof deck, central laundry, private storage, and a bike room. There is no on-site parking garage — typical for a building of this footprint on the Bowery.
As an early-2000s building, systems and envelope are relatively current, but as with any condominium, buyers should review current financial statements, the reserve position, board minutes, and any active or planned capital projects during due diligence.
Recent sales
As a condominium, NoLiTa Place is read on a price-per-square-foot basis, and the unit-level variables — floor, exposure, corner position, terrace access, and renovation condition — drive most of the pricing spread. Recent closed pricing has run in the neighborhood of the mid-$1,000s per square foot, with asking pricing sometimes above recent closed comps. Studios and one-bedrooms cluster toward the lower end of the building's range; two-bedrooms and terraced units command the premium.
Because the unit count is moderate and layouts vary, pricing is best read at the apartment level. Specific recent figures should be confirmed against current recorded transfers at offer stage.
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 | vs. Ask |
|---|---|---|---|---|---|
| Mar 11, 2026 | 7F | 1 BR · 1 BA · 615 sf | $935,000 | $1,520/sf | -1.6% |
| Jan 6, 2026 | 11E | 1 BA · 438 sf | $670,000 | $1,530/sf | -2.9% |
| Dec 23, 2025 | 5B | 1 BR · 1 BA · 610 sf | $875,000 | $1,434/sf | -6.4% |
| Sep 30, 2025 | 2A | 2 BR · 2 BA | $1,540,000 | -3.4% | |
| Sep 12, 2025 | 7B | 1 BR · 1 BA · 610 sf | $900,000 | $1,475/sf | -8.6% |
| Jul 18, 2025 | 11A | 2 BR · 2 BA · 900 sf | $1,217,350 | $1,353/sf | -9.8% |
| Apr 30, 2025 | 5A | 2 BR · 2 BA · 900 sf | $1,200,000 | $1,333/sf | -4.0% |
| Apr 17, 2025 | 2C | 5 BR · 1 BA · 432 sf | $715,000 | $1,655/sf | -7.7% |
Market read. Most recent trades (2026) cleared a median $1,616/sf across 2 sales. Median listing discount 2.1% 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 1-00425-7502) 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
The full-service package is the differentiator. A 24-hour doorman, live-in resident manager, gym, and roof deck at this unit count is uncommon on the boutique Bowery. If building services matter to you, this is the building's core strength.
Exposure and outdoor space drive price. Corner units, higher floors, and terraced residences command premiums. Confirm exactly what a given line sees.
Condition matters. Renovation quality varies apartment to apartment. Inspect kitchens, baths, and mechanicals and price against comparable condition.
Condo flexibility is real. 30–45 day closings; pied-à-terre, investment, LLC, trust, and foreign-buyer purchases are permitted under the declaration; subletting is allowed. Confirm current sublet rules with management at offer stage.
Mansion tax may apply. For larger units the mansion tax and its cliff thresholds can be in play. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the service package and the roof deck. The full-service operations and landscaped wrap-around roof deck are the marketing headline against boutique Bowery inventory that lacks staff and amenities.
Presentation matters. Because condition drives the pricing spread, staging and preparation materially affect outcome.
Closing timelines are condo-fast. 30–45 days from contract to closing.
Comparable buildings
If you're considering 199 Bowery, also evaluate:
- 250 Bowery — Morris Adjmi 2013; nearby design-led boutique condominium opposite the New Museum
- The broader Lower East Side condominium market along the Bowery, Chrystie Street, and Orchard Street corridors
The Roebling Team at NoLiTa Place
The Roebling Team at Compass works across the Bowery, Nolita, and Lower East Side condominium market. We publish this profile because buyers and sellers in full-service downtown condominiums deserve building-specific intelligence: architecture, operations, and pricing read at the apartment level, not generic market commentary.
If you're considering a purchase or sale at 199 Bowery, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.
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