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48 Hester St APT 5C, New York, NY, 10002

1beds
1baths
706sqft
$899,000
$1,273price/sqft
$5,592/moest. monthly cost
$223,680/yrincome needed

About This Home

Welcome to 5C at 48 Hester Street, a spacious 1-bedroom, 1-bathroom condo unit offering approximately 706 square feet of comfortable living. Flooding the home with natural lighting through out the day, this bright and inviting residence features brand-new hardwood floors, an updated kitchen, and freshly painted wall to ceiling through out. The fully equipped kitchen features modern finishes with brand new appliances and extra tall cabinetry to offer an ample storage for your favorite kitchen essentials. The expansive living and dining area are ideal for both relaxing and entertaining. Its large windows and glass door to balcony fill this corner unit home with natural light while showcasing the city's splendor. The generously sized bedroom includes two excellent double size closet spaces and additional living space for a home office or ensuite entertainment area. Minutes away to Delancey St - Essex St Station with F, M, J, and Z line connections. Additionally, it is short walking distance to Trader Joe's, Essex Market, and endless Cafes and Restaurants of local favorites, as well as beautiful Arts and Boutique Shops. Open air enthusiasts will love the proximity to legendary bridges - Williamsburg, Manhattan, and Brooklyn Bridge - which offer relaxing walks, jogging, biking, along the East River Greenway or East River Park. Easy transportation access to nearby subway lines, bus stations, FDR Drive, and Ferries. Ideally located in the charm of Downtown Manhattan, this exceptional home offers space, comfort, and conveniences within Soho, Little Italy, Chinatown neighboorhoods, and to the rest of the City. Note: Some pictures are virtually staged. All informations are not guaranteed, prospective buyer should re-verify all informations by self. Pets are allowed.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
97
BikeBiker's Paradise

Schools

9/10
Ps 42 Benjamin AltmanGrades PK-50.0 mi
6/10
Ms 131Grades 6-80.2 mi

Construction

Condition

  • Year built: 1990

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total structure area: 706
  • Total interior livable area: 706 sqft

Property

Details

  • Parcel number: 002971125
  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony
  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$270$3,240
Property Taxes $531$6,372
Electricity $246$2,954
Total$5,592$67,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$191,725/yr
40% on housing$167,760/yr
45% on housing$149,120/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,273This listing

vs Other Active Listings

Avg $/sqft

ZIP 10002$1,114
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10002$675
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Contingent$899,000
2026-05-12Price change$899,000
2026-04-25Listed for sale$955,000

For Sale by Agent

AgentTeresa Cheng
BrokerageWinzone Realty Inc

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