
6
Map


226 E 2ND Street #5E
About This Property
The one you've been waiting for! Located on the border of the East Village and the Lower East Side, this lofted one bedroom in a 28-unit elevator building has not been seen on the market in decades and now awaits your creative touch.
As you turn from the long entry foyer, you are greeted by a wall of six south-facing windows and sky-high ceilings in the living room. There is plenty of wall space for art and you could grow almost any plant in the endlessly sunny space. Ascend the industrial stairway to the bedroom loft and you have ample room for a bed, work area and even some storage. There is a full kitchen, a working fireplace and, best of all, a designated outdoor space on the roof that goes with the apartment.
While the space requires some TLC, it won't take much for you and a contractor to make it your own. Still the most cutting edge neighborhood of Manhattan, this coveted location puts you close to NYU, near both chic and historic restaurants and bars like director Baz Luhrmann's new bar Monsieur, Bradley Cooper's Philly Cheesesteak shop, Danny and Coop's on Avenue A, Katz's Delicatessen, and Ballato's classic Italian cuisine), numerous art galleries featuring artists both established and on their way up, the lively buzz of Chinatown restaurants, shops, and Sunday Dim Sum, the ability to walk across more than one bridge to Brooklyn, small verdant parks and community gardens galore (ever a hallmark of the East Village) not to mention a variety of subway and bus lines. You will spend many afternoons lounging on the roof, surveying the downtown city panorama with your favorite drink in hand, thinking how lucky you are to be there!
Ownership is flexible: this can be a pied-a-terre, parents can buy for children, or it can become your dream primary residence. There is an assessment in force of approximately $161/month - more information forthcoming.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 12, 2025 | Price Decreased |
$695,000
↓ $30K
(4.1%) | |
Price Decreased | |||
Feb 4, 2025 | Listed by Brown Harris Stevens Residential Sales LLC | $725,000 | |
Listed by Brown Harris Stevens Residential Sales LLC | |||
Nov 9, 2007 | Sold to Matthew Sullivan | ||
Sold to Matthew Sullivan |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/14/2024
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$725,000
06/26/2024
|
-
|
Jill Ann Letts
Corcoran Group
| |
09/13/2022
|
1 Bed
|
1 Bath
|
-
|
$595,000
1 Bed
1 Bath
|
$650,000
+9.24%
12/27/2022
|
-
|
Eric Brown
Cooper & Cooper Real Estate
| |
03/31/2021
|
2 Bed
|
1 Bath
|
-
|
$1,100,000
2 Bed
1 Bath
|
$995,000
-9.55%
10/21/2021
|
-
|
Marta Maletz
Compass
| |
03/28/2019
|
1 Bed
|
1 Bath
|
-
|
$1,150,000
1 Bed
1 Bath
|
$1,200,000
+4.35%
07/19/2019
|
-
|
Milena Baram
Compass
| |
11/17/2015
|
1 Bed
|
1 Bath
|
-
|
$1,000,000
1 Bed
1 Bath
|
$980,000
-2.00%
02/26/2016
|
-
|
James B Brune
Brown Harris Stevens Residential Sales LLC
| |
10/21/2015
|
Studio
|
1 Bath
|
-
|
$550,000
Studio
1 Bath
|
$550,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
| |
05/13/2015
|
Studio
|
1 Bath
|
-
|
$549,500
Studio
1 Bath
|
-
-
|
-
|
Sofia Dmitriyeva
R New York
| |
07/10/2014
|
2 Bed
|
1 Bath
|
710 ft²
|
$785,000
2 Bed
1 Bath
710 ft²
|
$780,000
-0.64%
02/05/2021
|
-
|
Angel L.
Compass
| |
04/09/2013
|
1 Bed
|
1 Bath
|
950 ft²
|
$749,000
1 Bed
1 Bath
950 ft²
|
$695,000
-7.21%
10/09/2013
|
-
|
Rado Varchola
The Corcoran Group
| |
03/27/2013
|
1 Bed
|
1 Bath
|
-
|
$538,000
1 Bed
1 Bath
|
-
-
|
-
|
Lloyd W.
Douglas Elliman Real Estate
| |
10/16/2012
|
1 Bed
|
1 Bath
|
-
|
$925,000
1 Bed
1 Bath
|
$925,000
02/05/2021
|
-
|
Toni Haber
Compass
|
Building Info
- 28 Units
- 1 Unit for Sale
