242 BROOME Street #7C, New York City, NY 10002
Listing Courtesy of Corcoran Group
$2,345,000
Potential Rebate: $35,175
Overview
Sleek, Stylish 2-Bedroom / 2.5-Bath Corner Residence at 242 Broome Street <br> <br> Apartment <strong>7C</strong> at <strong>242 Broome Street</strong> is a spacious and sun-filled <strong>1,376 SF corner home</strong>, designed with flawless attention to detail and the highest-quality finishes. With its <strong>split two-bedroom layout, soaring 10-foot ceilings, and wide-plank white oak floors</strong>, this residence offers both sophistication and functionality.<br> <br> The expansive <strong>open-concept living and dining areas</strong> are framed by dramatic Southern and Western exposures, filling the space with natural light and showcasing ever-changing city views-ideal for quiet enjoyment or entertaining on a grand scale.<br> <br> The <strong>chef's kitchen</strong> is outfitted with warm grey walnut cabinetry, a polished Calacatta marble island, counters, and backsplash, and is fully equipped with <strong>Gaggenau appliances</strong>, including a 36-inch five-burner gas cooktop, electric and speed ovens, refrigerator, freezer, and wine refrigerator.<br> <br> The <strong>primary suite</strong> features two generous walk-in closets and a spa-like bath with radiant-heated Alanur-honed marble floors, Imperial Danby countertops, a custom walnut vanity, and a glass-enclosed shower with thermostat and volume regulators. The <strong>secondary bedroom</strong> offers its own ensuite marble bath with a deep soaking tub. A stylish powder room with honed marble finishes, a Corian vanity, and floor-to-ceiling mirror completes the home. Additional features include electric blinds in all windows, an <strong>in-unit washer/dryer</strong> and a large private storage unit. <br> <br> 242 Broome benefits from a valuable 421-a tax abatement through 2038, offering exceptional savings and enhancing its appeal as a long-term investment.<br> <br> Residents of 242 Broome enjoy a comprehensive suite of amenities, including a <strong>24-hour concierge and resident manager, fitness center with changing rooms, entertainment lounge with kitchen and billiards, flex workspace, and a landscaped rooftop terrace with outdoor dining.</strong><br> Designed by <strong>SHoP Architects</strong>, 242 Broome stands at the vibrant crossroads of Broome and Ludlow, just across the street from <strong>Essex Market, cultural destinations, and multiple transit options.</strong><br> <br> This is modern downtown living at its finest.<br>
Home Features
- •Central Air
- •Washer Hookup
- •In Unit
- •Building Roof Deck
- •Private Outdoor Space Under 60 Sqft
- •Washer Dryer Allowed
- •City
- •Panoramic
Estimated Monthly Payment
$14,523 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$35,175
Monthly savings impact
$98/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20046403
Price Analysis
Compare average listing prices and value metrics for Essex Crossing against the surrounding Lower East Side market.
Average List Price
Price Per SqFt
36.65% Higher
than the Lower East Side price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Lower East Side.
