550 Grand Street, #J8D, New York (Lower East Side), NY, 10002 | $409,000

**All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present. **

**Spacious & Sunlit Studio with Northern City Views!**
This oversized studio apartment offers sweeping city views from every room and a thoughtfully designed layout that stands out from the rest. Just off the entry foyer, you'll find a generously sized living area featuring two large north-facing windows that flood the space with natural light.

Unlike most studios, this home boasts a separate, windowed kitchen with abundant cabinetry and ample counter space—perfect for cooking and casual dining. Prefer a more formal setup? The foyer and living space easily accommodate a small dining table and chairs.

Across from the living area is a separate dressing alcove that leads to a windowed bathroom. Two oversized walk-in closets—easily combinable—offer incredible storage or the option to convert part of the space into a compact home office.
Looking to customize? Open the kitchen wall to create a pass-through with breakfast bar or remove it entirely for an open concept feel. You can even explore converting the unit into a 1-bedroom by adding a wall in the living space.

Additional features include a windowed bathroom, charming 8’6” beamed ceilings, and classic hardwood parquet floors throughout. Don’t miss the opportunity to make this exceptional studio your own!

**Outstanding Co-op Amenities & Prime Location!**
This well-equipped co-op offers an impressive array of amenities (additional fees and waitlists may apply), including a 24/7 state-of-the-art fitness center, modern laundry facilities, a children’s playroom, private parks, and playgrounds. Residents also enjoy the convenience of on-site super and maintenance staff, a community garden, composting services, bike storage, parking, electronics recycling, and clothing donation facilities.
In-unit washers and dryers are permitted with management approval, and dogs up to 35 lbs. are welcome with registration, a fee, and board approval. Flexible ownership options include co-purchasing, gifting, and pied-à-terre use. Subletting is allowed after two years of ownership.

Ideally located just a short walk from neighborhood staples like Target, Trader Joe’s, Essex Market, and Regal Cinemas. Transportation is a breeze with nearby access to the M14A, M14D, M21, and M22 buses, plus the J, M, and F trains at Delancey & Essex Streets and the F train at East Broadway & Rutgers Streets.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 13
  • Amenities: Alarm System; Bike Room; Garage; Courtyard; Garden; Fitness Room; Laundry Room; Nursery; Playground; Common Storage;
  • Rooms: 3
  • Baths: 1 full
  • Complex: Hillman Housing Cooperative
  • Year Built: 1945
  • Pet Policy: Case By Case
  • Washer/Dryer Allowed: Yes
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • OLR#: RLS20022411
  • Days on Market: 275 days
  • Website: https://www.raveis.com
    /prop/RLS20022411/550grandstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.

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Shelley PannyLicensed Real Estate Salesperson

914.760.4283

Shelley.Panny@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 24240

914.494.1459

Vincent.DiMella@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

550 Grand Street, #J8D, New York (Lower East Side), NY, 10002

$409,000

Shelley Panny

Licensed Real Estate Salesperson

William Raveis Real Estate

Phone: 914.760.4283

Shelley.Panny@Raveis.com

Vincent DiMella

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.494.1459

Vincent.DiMella@raveis.com

NMLS Mortgage Loan Originator ID 24240

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $327,200 $327,200 $327,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.990% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.156% 5.396%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,858 $1,960 $2,609
Total Monthly Payment $1,933 $2,035 $2,684

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.