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A blog from CityRealty (Links below will take you to the 6sqft site)

431 East 6th Street, #S1B

Listing no longer available on CityRealty as of Jul 10, 2022
It previously was on the market for a total of 18 days.
2 apartments are currently available in this building.
18 days on Market

Pricing History

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Key Details

  • Listed: Jun 22, 2022
    Days on Market: 18
    Building Type: Cooperative
    Neighborhood: East Village (Manhattan)
    Listing viewed 39 times
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $5,599
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*

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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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Other Apartments Available in this Building (1)

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