Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
56 E 1ST Street
Interested in this property?
Active For Sale Multi Family

$9,935,000

$1,631 per sq ft

56 E 1ST Street

East Village, Manhattan

MLS® #RLS10945107

RLS at REBNY

Listing by Leslie J Garfield & Co Inc

7

Bedrooms

6

Baths

6,090

Sq. Ft.

2002

Year Built

Quick Summary

Bedrooms 7
Bathrooms 6
Living Area 6,090 sq ft
Lot Size 2,100 sq ft
Year Built 2002
Ownership None
Property Taxes $36,108/yr
Neighborhood East Village
Floor 1 of 1

Property Highlights

  • Views: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 11
Baths 6 Full
Floor 1 of 1
View Other
Pets Yes
Year Built 2002
Living Area 6,090 sq ft
Structure Type Townhouse
Furnished Unfurnished
Basement Other
Lot Size 2,100 sq ft
Parcel # 0443-0049
Block/Lot 00443/0049

Listing History

Event Date Price Change
Listed Oct 25, 2018 $13,250,000 -
Currently May 4, 2026 $9,935,000 -25.0%

Description

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.

Features & Amenities

Interior Features

Smoke Free In Unit

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units -1
Stories 1
Structure Townhouse

Financial Details

RE Taxes $36,108/yr ($3,009/mo)
Original Price $13,250,000
Previous Price $13,250,000

The East Village remains New York’s epicenter of counter-culture and artistic expression. Known for its active street life, community gardens, and legendary music venues, the neighborhood offers an energy unlike any other. The real estate market is characterized by historic tenement-style cooperatives, historic low-rise walk-ups, and a growing selection of modern boutique condominiums that offer luxury amenities in Downtown Manhattan.

East Village Live Market Data

View Neighborhood

Active Listings

109

Median Asking Price

$1.29M

Median $/Sqft

$1,761

Avg Days on Market

N/A

New This Week

7

Price Reduced

24%

Sold (30 Days)

3

Median Sale Price

$1.36M

Live data from RLS at REBNY • Updated 5/3/26, 10:30 PM EST

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Location

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56 E 1ST Street, East Village, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

R7-3
Zoning District

Tax & Assessment

Assessed Value: $974,700
Land Value: $670,050
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 49,635 SF
Allowed FAR: 5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $36,108, or roughly $3,009 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 6 full bathrooms.

The listed interior living area is 6,090 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2002, making it approximately 24 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $9,935,000 for 6,090 sq ft, the asking price per square foot is approximately $1,631. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10945107
First Listed: 2/5/2021
On Market: 10/25/2018
Price Changed: 2/13/2025
Contract Date: 10/25/2018

Listing Courtesy of Leslie J Garfield & Co Inc - Richard D Pretsfelder

Listing Contact: (212) 371-8200

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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:30 AM UTC

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