Loft in Soho’s first building designated to low-income artists is now asking $3M

In 1978, a ragtag band of artist residents of Soho‘s 45 Crosby Street won what the New York Times called “an impressive victory.” The city’s Department of Housing Preservation and Development had granted the former industrial building’s title to its residents in exchange for merely the “sweat equity” of getting it up to code (estimated cost: $164,000), making it the city’s first loft building exclusively set aside for low-income artists. Now, a 2,100-square-foot loft co-op in the building, which has been home to artists ever since, is asking $3 million.

Situated on an iconic cobblestone street in Soho, the building has been home to artists whose ranks include sculptor Richard Serra. A key lock elevator opens directly into the second floor loft, currently set up as a three-bedroom space. Original details include high tin ceilings and wood flooring. A sun-filled living room offers six large windows and plenty of wall space for art.

A large pass-through kitchen has industrial charm and all the tools you’ll need to cook and entertain. Custom wood cabinets were created by New York Blackboard, a chalkboard company whose shop was once housed in the building’s commercial space.

The king-sized master bedroom boasts extra-large windows and a flexible layout that includes a large art studio and a sitting area.

Currently the spaces has a second bedroom and a  office, but there’s plenty of opportunity to configure the space for your own needs. The addition of a second bathroom is allowed, for even more flexibility. There is an in-unit washer/dryer, and the pet-friendly elevator co-op building offers a roof deck, a newly renovated lobby, an intercom system, a package room and a generous private storage space.

[Listing: 45 Crosby Street, Apt. 2N by Daniel Kramp, Tova Bourque and Holly Sose for The Corcoran Group.]

[At CityRealty]

RELATED:

• Sculptor Richard Serra drops $7M on Tribeca loft, now owns entire building
• $8M Tribeca loft is artist-owned and comes with a spacious studio and sculptor neighbor
• Emily Ratajkowski and millionaire hubby live rent free thanks to city’s loft law, Noho landlord says
• Studio Visits: Artist Nancy Pantirer Shows Us Around Her Imaginative Tribeca Loft

Images: Anton Brooks of H5 Property / courtesy The Corcoran Group.