431 East 6th Street, Unit S1/B
431 East 6th Street, Unit S1/B
Exclusive Expired
Virtual Tour
Exclusive Expired
Virtual Tour
Description
This building's flexible sublet policy (30 Day Minimum) and low monthlies make for the perfect investment...Amazing Artist Gallery Live/Work Opportunity in the East Village! These two units can be combined to create a massive amount (over 2,000 sq.ft.) of live / work / gallery space for an Artist or any live/ work / residential end-user. Also perfect for an Investor, as they can be rented out from Day 1 with no board approval needed. This "Tenants in Common" building would require an All Cash Purchase.
This building's flexible sublet policy (30 Day Minimum) and low monthlies make for the perfect investment or live/work opportunity. The two units have a total maintenance charge (which includes the real estate taxes) of only $1,350/month, so you could achieve a high cap rate plus significant price appreciation as the other Tenants in Common owners are discussing the possibility of converting the building to true condominium units.
The ground floor Alcove Studio, Unit S1 is zoned for residential / commercial / possible retail use and can be the perfect place to call your home while you operate your business below. The sub-level Gallery space, Unit B has a flexible layout with multiple offices or storage spaces depending on the end user's needs and features a legal 3 piece full bathroom. The walls for the office spaces can be removed to create an impressive & open gallery space.
Only a few doors away from the « Peter Brant Foundation » this gallery was utilized for over thirty years as a painting and photography Studio of the famous artist William Wegman & later for a few years as the gallery space for « The Bruce High-Quality Foundation »
*Some photos of the Gallery are virtually renovated*
*Some photos of the Studio are virtually staged*
Listing Agents
![Brian Goldfarb]()
brian.goldfarb@compass.comP: 917.309.5108
![Ryan Griffen]()
ryan.griffen@compass.comP: 860.898.0961
Amenities
- Voice Intercom
- Pet Friendly
- Lowrise
Location
Property Details for 431 East 6th Street, Unit S1/B
| Status | Exclusive Expired |
|---|---|
| Days on Market | 192 |
| Taxes | $675 / month |
| Common Charges | $675 / month |
| Min. Down Pymt | 100% |
| Total Rooms | 5.0 |
| Compass Type | Condo |
| MLS Type | Condominium |
| Year Built | 1920 |
| County | New York County |
Building
431 E 6th St
Location
Virtual Tour
Building Information for 431 East 6th Street, Unit S1/B
Payment Calculator
$1,350 per month
30 year fixed, 7.25% Interest
$0
$675
$675
Property History for 431 East 6th Street, Unit S1/B
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 431 East 6th Street, Unit S1/B
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Neighborhood School PublicPK to 5 | ||
Earth School PublicPK to 5 | ||
P.S. 64 Robert Simon PublicPK to 5 | ||
S.T.A.R. Academy - PS 63 PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near East Village
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.