Apartments for Sale at 38 Delancey Street, Lower East Side, Manhattan — $1,195,000
Apartments are for sale in the 38 Delancey Street condominium, located in the Lower East Side, one of Manhattan's most dynamic neighborhoods. The building was constructed in 2010, has 17 floors, and contains a total of 55 residences. Every apartment is a corner unit, providing panoramic views and maximum natural light. Price — $1,195,000.
Location
38 Delancey Street sits directly above Sara D. Roosevelt Park, on the border of the Lower East Side and Nolita. The neighborhood is known for its art scene, restaurants, bars, and boutiques. Immediately nearby — the Bowery (J, Z), Grand Street (B, D), and Delancey Street–Essex Street (F, J, M, Z) subway stations. SoHo, NoHo, and Chinatown are within walking distance.
About the Property
A one-bedroom, one-bathroom apartment. The exact area is not specified in the source; comparable one-bedroom corner units in the building have areas of 667–730 sq ft (62–68 m²). The layout includes an open kitchen with stainless steel appliances, a living room, and a private balcony. Red oak floors, 9-foot ceilings, floor-to-ceiling windows. Individual heating and air conditioning systems, washer and dryer are installed.
In the Building
The building offers 24-hour concierge service, a live-in super, a shared rooftop terrace with Lower East Side views, storage units, bicycle parking, and an underground garage. Pets are allowed.
Price and Costs
Price — $1,195,000.
Price per square foot — about $1,790 (at 667 sq ft).
When buying real estate in New York, the buyer pays the state transfer tax (0.4% for properties over $3 million) and the city tax (1% for properties over $500,000). For a property valued at $1,195,000, the state tax does not apply; the city tax will be about $11,950. Title company fees and legal fees are paid additionally.
The final transaction amount including all fees is calculated individually and communicated before signing the contract.
Annual Costs:
Common charges for comparable one-bedroom units are about $1,002 per month. Property tax for a comparable unit — about $15,708 per year (2025). For one-bedroom apartments in the building, the median price per square foot is $1,535, with a price range of $626,000–$1,880,000.
Paperwork and Transaction Format
Form of ownership — condominium. Foreign buyers can purchase real estate in New York. The transaction is closed at a title company with registration in New York County. Online viewings and remote closing by power of attorney are possible. Support languages — English.
If You Are Considering It as an Investment
38 Delancey Street is one of the few buildings in the Lower East Side where every apartment is a corner unit, which ensures liquidity and demand. The building is located in an area that continues to develop but is not yet oversaturated with new condominiums. However, it is important to consider: the building benefits from the 421-a tax abatement, which expires in 2061. This means current taxes are lower than they will be after the abatement ends. When buying for long-term ownership, the upcoming increase in the tax burden must be taken into account.
The Lower East Side condominium market in 2026 is showing a correction: the median price per square foot in the building has fallen 5.2% year-over-year and 13% since 2022. This creates bargaining opportunities but also signals market caution. The source contains no data on declared rental yield.
Best Suited For
— Buyers seeking a corner apartment with panoramic views and a balcony in a dynamic Manhattan neighborhood.
— Those who value proximity to the subway, parks, and restaurants of the Lower East Side.
— Investors considering a purchase in a building with limited supply (55 residences).
May Not Suit
— If your budget does not account for the common charges ($1,002/month) and property tax ($15,708/year).
— If information on the exact area and number of bedrooms is critical — the source data is incomplete.
— If you plan long-term ownership — the upcoming expiration of the 421-a tax abatement and the tax increase must be considered.
— If you need an apartment with multiple bedrooms — the building offers 2- and 3-bedroom units at a higher price.
What to Know Before the Deal
The building was constructed in 2010. It benefits from the 421-a tax abatement, which expires in 2061. This means current taxes are lower than they will be after the abatement ends. For long-term ownership, request a projection of the full tax burden after the abatement expires from the seller or management company. It is also worth checking the association's financial condition: public sources mention a special assessment and an accumulated deficit in 2019. When buying, be sure to review current financial reports and rental rules.
How to View and Buy
Write when you plan to travel and what budget you are targeting. The Discount House manager will confirm the property's availability, send a full calculation of transaction costs, and select alternatives in the same area. Viewing in person or by video. Response within 30 minutes.