It previously was on the market for a total of 18 days.
18 days on Market
Pricing History
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Previous Photos & Floor Plan
Key Details
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Listed: Jun 22, 2022Days on Market: 18Building Type: CooperativeNeighborhood: East Village (Manhattan)
Est. Monthly Mortgage:
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Mortgage calculator
Total Est. Monthly Carrying Cost:
$6,862
Note: the above is based on a down payment of 20% ($249,000),
which is the minimum amount permitted by the building.
Description
Amazing Artist Gallery Live/Work Opportunity in the East Village! These two units can be combined to create a massive amount (over 2,000 sq.ft.) of live / work / gallery space for an Artist or any live/ work / residential end-user. Also perfect for an Investor, as they can be rented out from Day 1 with no board approval needed.
This "Tenants in Common" building would require an All Cash Purchase. This building’s flexible sublet policy (30 Day Minimum) and low monthlies make for the perfect investment or live/work opportunity. The two units have a total maintenance charge (which includes the real estate taxes) of only $1,350/month, so you could achieve a high cap rate plus significant price appreciation as the other Tenants in Common owners are discussing the possibility of converting the building to true condominium units. The ground floor Alcove Studio, Unit S1 is zoned for residential / commercial / possible retail use and can be the perfect place to call your home while you operate your business below.
The sub-level Gallery space, Unit B has a flexible layout with multiple offices or storage spaces depending on the end user’s needs and features a legal 3 piece full bathroom. The walls for the office spaces can be removed to create an impressive & open gallery space. Only a few doors away from the Peter Brant Foundation this gallery was utilized for over thirty years as a painting and photography Studio of the famous artist William Wegman & later for a few years as the gallery space for The Bruce High-Quality Foundation *Some photos of the Gallery are virtually renovated* *Some photos of the Studio are virtually staged*
This "Tenants in Common" building would require an All Cash Purchase. This building’s flexible sublet policy (30 Day Minimum) and low monthlies make for the perfect investment or live/work opportunity. The two units have a total maintenance charge (which includes the real estate taxes) of only $1,350/month, so you could achieve a high cap rate plus significant price appreciation as the other Tenants in Common owners are discussing the possibility of converting the building to true condominium units. The ground floor Alcove Studio, Unit S1 is zoned for residential / commercial / possible retail use and can be the perfect place to call your home while you operate your business below.
The sub-level Gallery space, Unit B has a flexible layout with multiple offices or storage spaces depending on the end user’s needs and features a legal 3 piece full bathroom. The walls for the office spaces can be removed to create an impressive & open gallery space. Only a few doors away from the Peter Brant Foundation this gallery was utilized for over thirty years as a painting and photography Studio of the famous artist William Wegman & later for a few years as the gallery space for The Bruce High-Quality Foundation *Some photos of the Gallery are virtually renovated* *Some photos of the Studio are virtually staged*
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About 431 East 6th Street
- Co-op
- Built in 1920
- 4 Apartments
- 4 Floors
Building Amenities
- Walk Up
- Intercom
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
An equal housing opportunity 
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