199 Bowery (NoLiTa Place)
199 Bowery, New York, NY 10002
BBL 1004257502 · BIN 1087253
- 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 (floor-adjusted)
- $1,551
- Listing discount
- 0.6%
- Recorded sales
- 132
- On record
- 2006–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at NoLiTa Place 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.
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.
Local Law 97
- 2024–2029 annual penalty
- $49,517/yr
- 2030–2034 annual penalty
- $96,827/yr
- Per unit / month range
- $65 – $128
- Modeled exposure split equally across 63 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified 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).
Penalties shown are amounts DOB assessed against filings on record across 2010–15 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
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. 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.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 |
|---|---|---|---|---|---|
| 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 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 | 1 BA · 432 sf | $715,000 | $1,655/sf | -7.7% |
| May 23, 2024 | 4D | 2 BR · 2 BA · 896 sf | $1,237,000 | $1,381/sf | -4.8% |
Market read. Most recent trades (2026) cleared a median $1,551/sf (floor-adjusted) across 2 sales. 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 0.6% 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 1-00425-7502). 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 NoLiTa Place, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 3 | $3,450 |
| 1 bedroom | 4 | $4,350 |
| 2 bedroom | 4 | $7,999 |
11 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $900K (7 sales since 2024), a buyer putting 25% down would pay about $33,209 to close, or 3.7% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,994
- Title insurance: $4,050
- Attorneys, lender, building fees, reserves and filings: $16,165
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
More Lower East Side buildings
- 179 Ludlow Street — condominium
- 195 Bowery — 2004 condominium
- 196 Orchard, 196 Orchard Street — 2018 condominium by Ismael Leyva Architects
- 199 Chrystie Street — 2020 condominium by Thomas Juul-Hansen
- One Essex Crossing, 202 Broome Street — 2018 condominium by CetraRuddy Architects
- 204 Forsyth Street — 2018 condominium
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 NoLiTa Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.