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.
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.
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.”
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.
