Rare opportunity to own a spacious 2-bedroom condo with a massive private terrace in the heart of Chinatown / Lower East Side. Located at 48 Market Street Apt 2C, this bright and well-maintained residence offers approximately 687 square feet of interior living space plus an incredible ~500 square foot private terrace, a rare outdoor feature in Manhattan that is perfect for relaxing, entertaining, or creating your own urban garden. The apartment features a functional layout with comfortable living space, two bedrooms, one bathroom, and excellent natural light. Building highlights include an elevator building built in 1990, conveniently located near restaurants, supermarkets, parks, and multiple subway lines. Just minutes from SoHo, Little Italy, and the Financial District, this home offers both convenience and vibrant city living.
For sale
$698,000
48 Market St APT 2C, New York, NY 10002
2beds
687sqft
Condominium
Built in 1990
-- sqft lot
$687,900 Zestimate®
$1,016/sqft
$482/mo HOA
What's special
Massive private terraceExcellent natural lightBright and well-maintained residence
- 14 hours |
- 262 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: 15 hours ago
Listing by:
E House Realty & Mgt. Inc. 718-680-2776,
ZiQing (Ken) Li 347-955-7520
Source: BNYMLS,MLS#: 499334
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- A/C Unit
Appliances
- Laundry: Laundry Area
Interior area
- Total structure area: 687
- Total interior livable area: 687 sqft
Property
Details
- Parcel number: 002741005
- Special conditions: Arm's Length
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- Year built: 1990
Utilities & green energy
- Utilities for property: Heat, Sewer Connected, Sprinkler System, Water Connected
Community & HOA
Community
- Subdivision: Manhattan
HOA
- HOA fee: $482 monthly
- HOA name: Hong Fat Plaza Condominium Board of Managers
- HOA phone: 718-309-2982
Location
- Region: New York
Financial & listing details
- Price per square foot: $1,016/sqft
- Tax assessed value: $335,002
- Annual tax amount: $15,188
- Date on market: 3/4/2026
- Cumulative days on market: 1 day
Estimated market value
$687,900
$654,000 - $722,000
$5,669/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listed for sale | $698,000+242.2%$1,016/sqft |
Source: | ||
| 1/22/1998 | Sold | $204,000$297/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,387 +2.6% | $150,751 +4.1% |
| 2023 | $17,918 | $144,748 -1.3% |
| 2022 | -- | $146,619 +5.6% |
| 2021 | -- | $138,904 -10% |
| 2020 | -- | $154,335 +5.9% |
| 2019 | $13,730 -13.8% | $145,729 -4.8% |
| 2018 | $15,936 +7.9% | $153,011 +14% |
| 2017 | $14,767 +11.4% | $134,201 +10.9% |
| 2016 | $13,256 | $121,053 +7% |
| 2015 | $13,256 +150% | $113,177 +2.5% |
| 2014 | $5,302 | $110,369 +8.5% |
| 2013 | -- | $101,740 +50% |
| 2012 | -- | $67,821 +10% |
| 2011 | -- | $61,656 -3.5% |
| 2010 | -- | $63,917 -0.7% |
| 2009 | -- | $64,373 |
Find assessor info on the county website
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Neighborhood: Lower East Side
Nearby schools
GreatSchools rating
- 5/10Ps 2 Meyer LondonGrades: PK-5Distance: 0.1 mi
- 5/10Ms 131Grades: 6-8Distance: 0.3 mi
- 4/10Emma Lazarus High SchoolGrades: 9-12Distance: 0.3 mi








