242 Broome Street — Elise & Jesse

Market activity

Recent transactions at 242 Broome

The six most recent closed sales and the six most recent rented apartments at this address — sourced from building records and updated as transactions close.

Six most recent closed sales
Unit	Beds	Baths	Sqft	Price	$/sqft	Closed	DOM	Listing broker	Type
7D	1	1.5	1,003	$1,680,000*	$1,674	Jul 2026	319 days	City Sphere	Resale
7C	2	2.5	1,376	$2,170,000	$1,577	Mar 2026	143 days	Corcoran	Resale
10D	2	2	1,287	$2,535,000	$1,970	Aug 2025	43 days	Brown Harris Stevens	Resale
6C	1	1.5	1,005	$2,250,000	$2,239	Jul 2025	67 days	Elegran	Resale
5A	1	2	1,179	$1,547,500	$1,313	Feb 2025	235 days	Douglas Elliman	Resale
9C	2	2.5	1,522	$2,852,500	$1,874	Mar 2023	129 days	Douglas Elliman	Resale

All data is from the RLS and verified. Updated weekly.

* Last asking price, not necessarily the final sale price.

Six most recent rented apartments
Unit	Beds	Baths	Sqft	Rent*	Rented	DOM	Listing broker	Type
10B	1	1	736	$6,850/mo	Apr 2026	122 days	Douglas Elliman	Rental
8A	1	1.5	1,000	$7,200/mo	May 2025	49 days	Coldwell Banker Warburg	Rental
5B	1	1.5	892	$7,400/mo	May 2025	10 days	Realmart Realty	Rental
8E	1	1	765	$6,200/mo	Jan 2025	9 days	Sotheby's International Realty	Rental
8D	2	2	1,293	$11,000/mo	Oct 2024	23 days	Casa Blanca Real Estate	Rental
12A	2	2.5	1,353	$12,995/mo	Oct 2024	6 days	Vector New York	Rental

All data is from the RLS and verified. Updated weekly.

* Rental prices shown are the last asking price, not necessarily the price the apartment rented for.

Interest rate tracker

Where rates stand today

Updated weekly. What the rate environment means for buyers at this price point — and what it means if you're thinking of selling.

30-Year Fixed — National Average

6.82%

6.48%

1 month ago

7.14%

1 year ago

$9,750

Monthly payment — $1.86M at 20% down

$9,200

Monthly payment — at 6.00%

What this means for 242 Broome. At the current rate of 6.82%, a buyer purchasing the average unit here at $1.86M with 20% down carries a monthly principal and interest payment of roughly $9,750. Every 0.5% rate drop saves that buyer approximately $550/month — meaningful at this price point, where additional buying power often makes the difference between a serious bid and a wait-and-see.

12 months agoToday

Updated weekly · Source: Freddie Mac Primary Mortgage Market Survey

Honest take

Is now a good time to sell at 242 Broome?

We update this quarterly with our read on the market — not a sales pitch, just our honest assessment of conditions at this building.

Our assessment — Q2 2026

Yes — particularly for larger units in renovated condition.

242 Broome trades at a noticeable premium to comparable LES product, and the spread has widened over the past 18 months as larger floor plates have become harder to find downtown. Two-bedrooms in turnkey condition are the highest-conviction listings right now: limited competing inventory, a deeper buyer pool than in the broader market, and pricing power for sellers who are willing to negotiate on closing flexibility. Studios and one-bedrooms at the building face more competition from new ground-up product nearby and require sharper pricing. If you have a renovated 2BR, this is a strong window. If you have an unrenovated unit, talk to us first about what's worth doing before listing.

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Premium pricing

242 Broome trades above LES median — and the gap is widening

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Studio softness

Smaller units face new-construction competition nearby

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2BR scarcity

Larger floor plates are the strongest segment right now

Updated quarterly by Elise Ehrlich & Jesse Rosenthal · Next update: September 2026