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431 East 6th Street, #MAIS

Listing no longer available on CityRealty as of Aug 3, 2023
It previously was on the market for a total of 61 days.
61 days on Market

Pricing History

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Key Details

  • Listed: Jun 3, 2023
    Days on Market: 61
    Building Type: Cooperative
    Neighborhood: East Village (Manhattan)
    Listing viewed 237 times
Monthly Maintenance: $1,986
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $10,796
Note: the above is based on a down payment of 20% ($320,000), which is the minimum amount permitted by the building.

Description

Just featured in Curbed magazine: The Maisonette at 431 East 6th St is a rare opportunity to create a combined Live/Work Space. The property offers the opportunity to combine three unique spaces into a single maisonette. By merging the commercially zoned gallery/artist/photographer studio space with the ground floor studio apartment and the second-floor studio residence, you can create approximately 2,400 sq ft of live/work space. There is the possibility of creating a separate entrance on the ground floor, allowing for more flexibility in how the space can be utilized. The building has an interesting history, starting as a synagogue and later becoming a Latin social club.

In the 1980s, renowned artists William Wegman, Jack Sal, and photographer Timothy Greenfield-Sanders bought and renovated the building. The space has served as the painting and photography studio for artist Jack Sal for over thirty years. It was also used as a gallery space for "The Bruce High-Quality Foundation" for a few years. The main portion of the space includes a sizable open gallery/studio, measuring approximately 1,500 sq ft. This space provides ample room for various creative endeavors or can be customized according to your needs. However, it’s worth noting that some partitions have been added over time and would need to be removed to restore the space to its original condition. 431 East 6th Street is a Tenants in Common, investor-friendly building. Cash-only purchase is required. Co-purchasing, pied-a-terre, and short-term rentals within NYC guidelines of 30 days or more are all allowed.

The tenants in common presents a unique structure with more flexible building rules which include No Board Approval and no rental restrictions. Also a strong possibility for future conversion to a condominium bldg which would greatly increase the value of the building along with the ability to get financing for the units if you so chose. . This property offers a unique opportunity to create a spacious live/work space with historical significance.

If you are interested, it’s advisable to conduct a thorough inspection and consult with legal and architectural professionals to assess its suitability for your specific needs and goals. Call today to learn more about this one of kind investment.

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Apartment Amenities

  • Southern Exposures

About 431 East 6th Street

Building Amenities

  • Walk Up
  • Intercom

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