$9,935,000
$3M PRICE DROP

56 E 1st St New York, NY 10003

Bowery Neighborhood

Estimated payment $55,133/month

Total Views 33,881
7 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Open Floorplan
  • 2-minute walk to Lower East Side-2 Avenue
  • No HOA
  • P.S. 110 Florence Nightingale Rated A
  • High Ceiling
  • 1-minute walk to First Park

About This Home

56 East 1st Street is a spectacular, 22-wide, 3-unit, industrial chic downtown property. This 5-story, approximately 6,090 sq. ft. building contains a community facility on the ground floor, a duplex apartment with outdoor space and a sprawling triplex with 20' ceilings, terrace, and roof deck. There is additional FAR that could be realized by building up or utilizing some of the unused internal cubic feet. It could be converted to a grand single-family home or used for institutions. Located at the center of Nolita, NoHo, the East Village and the Lower East Side, the property is minutes away from some of the best restaurants and shopping options in Manhattan. Steps away are also eight major subway lines, providing easy access to anywhere in the City.

Listing Agent

Richard Pretsfelder

Leslie J Garfield & Co Inc License #10301215984 Listed on: 10/25/2018

Co-Listing Agent

Sophie Smadbeck

Leslie J Garfield & Co Inc License #10401306576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,485

Year Built

  • Built in 2002

Lot Details

  • 2,340 Sq Ft Lot
  • Lot Dimensions are 20x100

Home Design

  • Duplex

Interior Spaces

  • Open Floorplan
  • High Ceiling
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Community Details

  • No Home Owners Association
  • 3 Units
  • East Village Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 0049 / 00443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,485

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: First Avenue & Second Avenue
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: East Village
  • Structure Type: Duplex, House, Multi Family, Mixed Use, Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Interior Features: Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Open Floorplan
  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2340.0
  • Lot Size Dimensions: 20x100

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 5
  • Year Built: 2002

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00443
  • Tax Lot: 0049
  • Tax Annual: 34485.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $34,485 $171,694 $118,016 $53,678
2024 $34,485 $171,694 $297,600 $64,615
2023 $34,608 $170,406 $92,242 $78,164
2022 $32,093 $600,840 $297,600 $303,240
2021 $31,917 $583,080 $297,600 $285,480
2020 $30,285 $446,760 $297,600 $149,160
2019 $29,931 $388,500 $297,600 $90,900
2018 $28,948 $142,005 $116,575 $25,430
2017 $27,309 $133,968 $115,642 $18,326
2016 $25,266 $126,385 $92,732 $33,653
2015 $15,243 $119,232 $74,361 $44,871
2014 $15,243 $119,232 $63,203 $56,029
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2025 02/13/25 Price Changed $9,935,000 -25.0% --
03/16/2023 03/16/23 For Sale $13,250,000 0.0% --
03/16/2023 03/16/23 Off Market $13,250,000 -- --
06/27/2019 06/27/19 For Sale $13,250,000 -- --
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $224,000 First American Title Ins Co
Deed $224,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,000 Seller Take Back
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10945107

Real Estate Board of New York (REBNY)

APN: 0443-0049

New York New York County New York 10003 Bowery

56 E 1st St, New York, NY

For Sale

MultiFamily

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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Richard Pretsfelder
Listing Agent
Richard Pretsfelder
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Leslie J Garfield & Co Inc
(917) 854-9462