Colorful $13M East Village building could be the perfect modernist townhouse
This unusual listing at 56 East 1st Street on a picturesque and perfectly-located East Village block offers a wealth of cool options for anyone willing to pay its $13.25 million ask. The 22-foot-wide, three-unit property spans 6,090 square feet over five stories. Built in 2002 by CTA Architects, the eye-catching modern building is distinguished by double-height, red-steel-framed windows. In its current configuration, with a commercial space on the ground floor, the building could be an investment opportunity, it could be converted to a grand single-family townhouse or a combination of both.
Image courtesy of CTA Architects P.C.
The listing points out that this “industrial chic downtown property” even offers additional FAR for adding more space.
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In its current setup, The building is comprised of a duplex apartment with outdoor space and a large triplex with 20-foot ceilings, a terrace and a roof deck. There’s even a spacious cellar.
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From the architects: “Designed to emphasize the latest tenets of eco-friendly construction, the space features concrete floors with radiant heat throughout. The opposing elements in the building and on the facade – hard and soft, open and closed, public and private – create a dynamic reflection of the changing Lower East Side neighborhood.”
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The commercial space on the ground level is currently home to the City Lore Gallery, an urban culture gallery.
[Listing: 56 East 1st Street by Richard Pretsfelder and Sophie Smadbeck for Leslie J. Garfield]
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Images courtesy of Leslie J. Garfield except where noted.