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Industrial Chic Downtown Triplex

56 E 1ST St New York, NY 10003

Claim this Listing
For Sale
$9,935,000

Five-story, 3-unit property in prime downtown location.

Type:Multi Family
Property size:
6,090 SF
Lot size:
0.05 Acres
Price / SF:
$1,631/SF
Added:
Mar 11, 2026
Days on Market:
123
Last Refresh:
Jul 2 at 7:12 am

Property Features for 56 E 1ST St

General Information

Standard status
Active
Size
6,090 SF
Lot size
0.05 Acres
Property subtype
Multi Family

Building Details

Year Built
2002

Listing office

Listing date Mar 11, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Morgan Garofalo


Investment Insights

Based on property information with market context.

The property at 56 East 1st Street is a 22-wide, 5-story, 3-unit building with an industrial chic design, located in downtown Manhattan. The building has approximately 6,090 square feet of space and contains a community facility on the ground floor. The residential units include a duplex apartment with outdoor space and a triplex with 20-foot ceilings, a terrace, and a roof deck. Additional floor area ratio (FAR) is available, offering the potential to expand the building upwards or utilize unused internal cubic feet. The property could be converted into a grand single-family home or used for institutional purposes. Situated in the center of Nolita, NoHo, the East Village, and the Lower East Side, the property is near various restaurants and shopping options. It is also conveniently located steps away from eight major subway lines, providing access to other parts of the city.

Key Highlights

  • Prime Nolita/NoHo/East Village/Lower East Side location, close to restaurants, shopping, and transportation.
  • Large 6,090 sq. ft. building with potential for expansion.
  • Versatile property suitable for conversion to a single‑family home or institutional use.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

City Lore Theater & Performing Art Venue

Suggested Use

Nursing Home Nursing Home Auto Parts Store Pet Grooming Service Buffet Adult Day Care Clothing & Fashion Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Five-story, 3-unit property in prime downtown location.
Where is this triplex located?
The property is located at 56 E 1ST St New York, NY.
What is the asking price?
The asking price for this property is $9,935,000.
What are key features of this property?
This property features: Prime Nolita/NoHo/East Village/Lower East Side location, close to restaurants, shopping, and transportation.; Large 6,090 sq. ft. building with potential for expansion.; Versatile property suitable for conversion to a single‑family home or institutional use.
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