268 East 7th Street is a five-story, three-unit building located in the vibrant East Village, offering a unique opportunity for both homeowners and investors. Currently configured as a 22' 6" wide structure, it allows for versatile living arrangements, whether as an income-producing townhouse or a single-family residence. The building boasts low operating costs, with annual real estate taxes at just $7,500. Additionally, it comes with landmark-approved plans by Grzywinski + Pons for a potential six-story, two-unit townhouse that would encompass nearly 8,300 square feet, providing further development possibilities.
The current layout includes a lower duplex with a garden, a middle floor-through unit with a terrace, and an upper duplex featuring large vaulted ceilings. The property is situated in a historically rich area, once known as the "Dry Dock District" in the 1800s and later as "Political Row" around 1900, housing notable figures connected to Tammany Hall. Just a short walk from Tompkins Square Park, this brownstone offers a blend of historical charm and modern potential.
Renovated in 1995, the building is in excellent condition and features three outdoor spaces: a private patio, a large terrace, and a top-floor Juliet balcony. The interior includes a spacious, loft-like ground level with exposed brick and multiple fireplaces, as well as a parlor floor with high ceilings and original details. The master suite on the second floor includes a bathroom, walk-in closet, and a large sitting room, making it a comfortable living space. Notably, the building has been home to John Leguizamo, adding to its cultural significance in the East Village community.