RealtyLens
for saleRealtyLens property overview
$2,750,000

196 Orchard St Apt 8D

Manhattan, NY, 10002
View more Manhattan, NY property pages
2Beds
2Baths
1,205Sqft
$2282$/sqft

Comps

Listing Notes

This is the best high-floor split two-bedroom, two-bathroom apartment with the tallest ceilings in the building, crafted by Incorporated Architecture & Design, boldly designed yet perfectly polished. Features include exposed concrete ceilings and elegant wide white oak floors. Oversized industrial-style windows (with electronic shades) display double exposures facing north and east, with open city views of the east village all the way to Midtown Manhattan. The custom-designed kitchen by Incorporated marries style and functionality with integrated Miele appliances. The open kitchen offers onyx lacquer cabinetry with bleached European walnut millwork, polished Nero Marquina marble backsplash, a polished Zen Black quartz countertop complete with cabinet lighting, and a kitchen island with a polished white quartz countertop and an under-counter wine refrigerator. Fully integrated, state-of-the-art Miele appliances include a steam oven, refrigerator, dishwasher, wall oven, and 4-burner cooktop. The residence is completed with blackened nickel Waterworks fixtures, Franke garbage disposal, and Miele stacked washer and dryer. The luxurious 5-fixture master bathroom finishes boast honed Blue de Savoie marble floors and wainscoting, a polished Bianco Dolomiti marble shower, tub surround, and polished chrome Waterworks fixtures. The bathroom is complemented by a full overlay white lacquer vanity with a polished white quartz countertop and mirrored medicine cabinet over bleached European cove-lit cabinetry providing ample storage. The secondary bathroom features honed Athens grey marble flooring and wainscoting with a polished Bianco Dolomiti marble tub surround. Natural European walnut vanity with a polished white quartz countertop, and polished chrome Waterworks fixtures. A mirrored medicine cabinet and white lacquer cabinetry with cove lighting provide additional storage. This ultra-prime location celebrates the best of the Lower East Side with the East Village across the street with Soho and Nolita to the West. The broadest array of restaurants, retail, entertainment, and transportation and even a Soho-Ludlow House around the corner define this highly desirable neighborhood, a truly authentic New York experience. A two-story, 30, 000-square-foot Equinox Fitness Center with a private entrance occupies the second and third floors. The building is crowned by a private residents-only 4, 100-square-foot rooftop terrace with a sky lawn, cabana seating, two chef's tables, and two alfresco kitchens. Additional amenities include a 24-hour attended lobby and bicycle storage. Working capital contribution Equal to 2 months of common charges paid by the purchaser

Market Insights

Above nearby median+27%

$2282/sqft vs a nearby median of $1797/sqft.

Nearby median$1797/sqft
Nearby properties24
Property size1,205 sqft
  • +27% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,205 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$2.21M$2.01M$2.41M · 50% confidence
vs ask $2.75M+$543k (+19.7%)

Asking price is about 19.7% above where comps + adjustments land — there is room to negotiate.

$1,736/sqft median across 11 tight comps × 1,205 sqft= $2.09M
  • Transit access+$84k +4.0%
  • Modern construction+$31k +1.5%
Cumulative NYC adjustments+$115k+5.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+27% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
4 days
Last price change
No change recorded
Listed
May 8, 2026
Photos
11 photos
Property type
condos
Status
for sale
Last sold
Jan 18, 2019 · $3,032,293

Features & Amenities

ElevatorGymSecurity FeaturesNew ConstructionRecreation FacilitiesWasher DryerSingle StoryTwo KitchenModern KitchenKitchen IslandOpen KitchenMaster BathroomViewsDen

Photos

Building Facts

Year built
2018
Stories
11
Total units
124
Residential units
94
Building area
3.43 ac
Lot size
14,388 sqft
Land use
Mixed residential and commercial buildings
Building class
RM

From NYC public records where available.

Price History

May 13, 2026Initial record
$2,750,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.