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223 E 2nd St, New York, NY, 10009

14beds
7baths
15,185sqft
$7,000,000
$461price/sqft
$43,781/moest. monthly cost
$1,751,240/yrincome needed

About This Home

An East Village Original. Grandfathered Volume. 223 East 2nd Street rises seven stories above a block where current zoning no longer permits it. At 15,766 square feet — six open loft units, ground-floor commercial, and a basement — the building offers what architects and developers recognize on sight: original bones, loft-scale floor plates, and a façade that has no contemporary equivalent. Architectural Character • Seven-story masonry walk-up, built 1900 • Brick façade with ornate terracotta detailing — arched windows, decorative cornice, carved stonework • Original wrought iron balustrade staircase • Existing elevator shaft — infrastructure in place for future installation • Unobstructed flat rooftop with open Manhattan skyline views Composition • Total: 15,185 sq ft gross floor area • Residential: 13,260 sq ft across 6 units • Commercial: 1,925 sq ft at street level • Lot: 2,165 sq ft (24.75 ft × 88.25 ft) By Floor • Seventh Floor: Four open exposures, 10'4" ceilings — penthouse configuration • Sixth Floor: 10'9" ceilings • Fifth Floor: 10'8" ceilings • Floors 3–4: 9'10" ceilings • Second Floor: Private terrace 24'9" × 11'4" • Ground Floor Commercial: 10'2" ceilings • Full basement Designation & Structure • Building Class: C4 — Old Law Tenement • Tax Class: 2B • Zoning: Conv Ind/Com Residential • Year Built: 1900 Tenancy • Building is registered as an IMD — 1 unit covered, with 1 coverage application filed • Two tenants currently occupy two floors, and neither is paying rent • The building will be delivered vacant except for Units #3 and #4 • The Narrative Statement has been filed and amended (June 2025) Location East 2nd Street sits at the intersection of the East Village's creative legacy and its continued evolution. Flanked by independent galleries, chef-driven restaurants, and decades of cultural history, the address is steps from Tompkins Square Park and the density of the Lower East Side. This is a block that has never been generic — and a building that proves it.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
99
BikeBiker's Paradise

Schools

6/10
Ps 140 Nathan StrausGrades PK-80.2 mi

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: SingleFamily
  • Property subType: Rental Unit

Interior

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 7
  • Full bathrooms: 7

Interior Area

  • Total structure area: 15,185
  • Total interior livable area: 15,185 sqft

Property

Details

  • Special condition: Resale

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 WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
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 $35,395$424,740
Home Insurance *$1,736$20,832
Property Taxes $4,141$49,692
Electricity $2,509$30,113
Total$43,781$525,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,501,062/yr
40% on housing$1,313,430/yr
45% on housing$1,167,493/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

$461This listing

vs Other Active Listings

Avg $/sqft

ZIP 10009$838
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10009$908
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)

No zestimate history available

Price History

DateEventPrice
2026-06-09Listed for sale$7,000,000

For Sale by Agent

AgentEsteban Gomez
BrokerageCompass

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