550 Grand Street Lower East Side Apartment For Sale

**All showings – including Sunday Open Houses – are by appointment only. If you are working with another agent, that agent needs to reach out to make the appointment and is required to be present.** Not all studios are created equal — and this one makes that point immediately. Perched on the 8th floor of the iconic Hillman Houses (with effective 10th-floor elevation, thanks to ground and mezzanine levels below), this 500 SF Co-op Village studio offers something increasingly rare downtown: real space, real light, and a layout that actually works. The apartment opens to a proper entry foyer — itself a luxury in this price range — before revealing a separate eat-in kitchen that earns its name: renovated finishes, abundant cabinetry, an integrated dishwasher, and enough room for a proper dining table. This is not a kitchenette tucked behind a wall. It is a dedicated room for cooking and eating, completely apart from your living space — and for a studio at this price point, that dishwasher alone sets it apart. Two oversized north-facing windows flood the living area with light and frame sweeping city and skyline views. Charming 8'6" beamed ceilings and classic hardwood parquet floors run throughout. A dedicated dressing alcove leads to a windowed bathroom. Two large walk-in closets offer exceptional storage — or the framework for a home office conversion. The layout is also genuinely flexible. Open the kitchen wall for a pass-through breakfast bar, go full open-concept, or explore adding a dividing wall to create a defined sleeping area. The bones are there for multiple configurations. Hillman Housing Corporation is one of the LES's most established co-op communities — part of the beloved Co-op Village complex that has anchored this neighborhood for generations. Building amenities include a fitness center, modern laundry facilities (in-unit washer/dryer permitted with management approval), bike storage, cold storage, a children's playroom, community garden, composting, and maintenance staff. Two private parks and playgrounds are accessible exclusively to residents. Parking garage on-site (fee, waitlist). Monthly maintenance: $811. Co-op policies are notably flexible: co-purchasing, gifting, guarantors, parents buying, pied-à-terre use, and subletting after two years of ownership are all permitted. Dogs up to 35 lbs welcome. The location is exceptional — and getting better. Essex Crossing is a short walk away, with Target, Trader Joe's, Regal Cinemas, and Essex Market all under one roof. The newly rebuilt East River Park has reopened at the waterfront with a reconstructed amphitheater, tennis courts, ballfields, basketball courts, BBQ areas, and open lawns — part of a $1.45 billion transformation that is still underway and will only improve. The new Corlears Hook pedestrian bridge now connects the park directly to Corlears Hook Park and the NYC Ferry terminal, where you can catch a boat to Williamsburg, Greenpoint, or Long Island City for the same fare as a subway ride. The M14A bus stops at the corner; the M21 runs directly across the street; the M22 and M14D are one block away, connecting you to the East Village, SoHo, the West Village, Chinatown, and beyond. The J, M, F, and Z trains are at Delancey and Essex Streets, with the F also at East Broadway.