Industrial Chic Downtown
For Sale
$9,935,000
56 E 1ST Street, New York City, NY 10003
Five-story, 3-unit property in prime downtown location.
Property Size6,090 SF
Price / SF$1,631
Days on Market2862
Property Features for 56 E 1ST Street
General Information
Standard status
Active
Size
6,090 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$36,108
Building Details
Building Size
6,090 SF
Year Built
2002
Listing Agency:
Leslie J Garfield & Co Inc
(212) 371-8200
Listed By:
Richard D Pretsfelder
(212) 371-8200
Source:
Nobleblackandpartners
Added: Oct 25, 2018
Changed: Aug 25
Last Checked: Aug 24 at 12:56PM
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 Leslie J Garfield & Co Inc
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
Current Use
Location Intelligence
Trade Area within ½ mile
27,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 Street New York City, 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.
