Could you, would you, in a co-op?

He is Sam. Sam he is.

He wants to make an apartment his. He does not want it here or there. He wants a Lower East Side lair. He does not want a little box. He wants a place to put his clocks.

A spot to think, from whence to go, to Unfair Games down in DUM-BO.

Hello, poetry fans! We’re three properties in with two to go on our Seussical adventure with Sam Masur, a central character in Gabrielle Zevin’s Tomorrow, and Tomorrow, and Tomorrow.

Sam wants a one-bedroom apartment in 10002.

A walk-up won’t do, as Sam has a childhood injury that impairs his ability to walk and causes him significant discomfort. He wants to be close to Unfair Games, his company, which is situated on the other side of the Manhattan Bridge. (Here’s a link to the series recap, if you missed it.)

Sam’s budget ranges between $600,000 and $900,000 , and he has excellent credit. He’s seeking a 30-year fixed mortgage at 6.25% interest, and plans to put 20% down.

Here’s what he’s already seen:

• 568 Grand Street #J2004

• 48 Henry Street #7

• 148 Madison Street #4G

Today, we’re back on Grand Street, looking in Seward Park Housing Cooperative.

387 Grand Street #K2002

List Price: $850,000

Bedrooms / Bathrooms: 1 BR/1 BA
Approx. Size: 800 SF

Monthly Carrying Charges: $1,604
Monthly Taxes: Included (co-op)
Monthly Mortgage Payment (6.25%): $4,184
Total Monthly Overhead: $5,788

Details: Top-floor one-bedroom with a full-length private terrace and southwestern exposures. The open kitchen flows into a spacious living area with a wall of windows and sliding glass doors leading outdoors. Located in the Seward Park Housing Cooperative, a full-service community with doorman, fitness center, and resident amenities.

Commentary: This unit represents one of the rare opportunities to assess true price parity — or disparity — between Seward Park and East River. In our Sam Masur exercise, we’re comparing two terraced one-bedroom apartments, a scarce offering in both co-ops.

Historically, Seward Park commands a premium, driven by location, perceived amenity advantages, and shareholder opportunities. In this case, however, the Seward unit — with a similarly expansive terrace — is priced just $25,000 above the comparable East River apartment at 568 Grand Street.

Both units warrant close inspection.

The East River apartment appears to have undergone recent upgrades, while the Seward unit is likely in more original or minimally updated condition, which helps explain the narrow pricing gap. Even so, if Sam is comfortable leaning toward the upper end of his budget, the Seward property may represent compelling value relative to historical norms.

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