407 East 6th Street

Cushman & Wakefield has been exclusively retained to facilitate the sale of 407 East 6th Street, between 1st Avenue and Avenue A, on one of the most transformative blocks in the East Village and in the East Village/Lower East Side Historic District. The location is just doors away from Peter Brant’s new art exhibition space (sold for $27 million in 2014) and one block away from Tompkins Square Park. Originally built in the early 1800’s this townhouse now consists of 4 high-end residential apartments, all of which are free market, and thus the building is positioned for an easy conversion to a single family home. The garden floor (a few steps down) and 2nd floor consist of a beautiful and spacious duplex apartment that has 5 bedrooms, 3 bathrooms, 2 laundry rooms and an 800SF rear yard/garden. The 3rd, 4th and 5th floors consist of 3-bedroom, 2-bathroom apartments. As a bonus, the basement has a large open finished storage space (approx. 700SF) with rear yard access. From 2014-2016, the property underwent a high-end gut renovation, including steel superstructure, high efficiency heating/cooling, full insulated hurricane windows (eliminating the need for security gates), all LED lighting, complete closed cell urethane insulation, soundproofing, steel superstructure with foundation footings/ grade beams, silicone integrated roof coating on top of new EDPM roof system, separately metered utilities/systems are new from the street throughout the building, all exterior walls are protected with brick ties/rods. The result is one of the best built, most energy efficient, sound proofed properties in NY. The units are new with high-end materials and contain open kitchen layouts, stainless appliances, dishwashers, washer/dryer, oak planking floors and central AC/heating. This property is ideal for an investor to operate the building as a 4 family (plus bonus space) and utilize the air rights down the road, or for an owner/user who can occupy all or a portion of this gut renovated gem.