56 East 1st Street

Townhouse located in East Village, between Second Avenue & First Avenue

$13,250,000 | 7 beds, 6+ baths

545 days on Market

Townhouse Facts

Year Built: 2002

Minimum Down: 20%

Total Floors: 4

Listed: Mar 16, 2023

Days on Market: 545

Building Type: Townhouse

Neighborhood: East Village (Manhattan)

Listing viewed 589 times

Monthly Real Estate Taxes: $2,412

Total Taxes & Fees: $2,412

Est. Monthly Mortgage: $65,957

Total Est. Monthly Carrying Cost: $68,369

Note: the above is based on a down payment of 20% ($2,650,000), which is the minimum amount permitted by the building.

Insider Highlights

Prime Location: This spacious 5-story townhouse is centrally located in the desirable East Village neighborhood, near Nolita, NoHo, and the Lower East Side. It offers easy access to eight major subway lines and is in close proximity to top restaurants and shopping options in Manhattan.
Versatile Space: The property features a large 6+ bedroom, 6+ bathroom layout with approximately 6,090 sq. ft. of space. It includes a duplex apartment with outdoor space and a sprawling triplex with 20’ ceilings, terrace, and roof deck.
Potential for Expansion: The property offers potential for additional building space with unused internal cubic feet. It can be converted into a grand single-family home or used for institutions.
Community and Privacy: The property features a community facility on the ground floor and only two apartments in the building, ensuring privacy and exclusivity.
Modern Amenities: Built in 2002 with post-war architecture, the property includes modern amenities such as an in-unit washer/dryer and a garden.
Exclusive Living: With only two apartments in the building, this property offers an exclusive living experience in one of Manhattan's most sought-after neighborhoods.

Description

56 East 1st Street is a spectacular, 22-wide, 3-unit, industrial chic downtown property. This 5-story, approximately 6,090 sq. ft. building contains a community facility on the ground floor, a duplex apartment with outdoor space and a sprawling triplex with 20’ ceilings, terrace, and roof deck. There is additional FAR that could be realized by building up or utilizing some of the unused internal cubic feet.

It could be converted to a grand single-family home or used for institutions. Located at the center of Nolita, NoHo, the East Village and the Lower East Side, the property is minutes away from some of the best restaurants and shopping options in Manhattan. Steps away are also eight major subway lines, providing easy access to anywhere in the City.