56 East 1ST Street, New York City, NY 10003
Listing Courtesy of Leslie J Garfield & Co Inc
$9,935,000
Potential Rebate: $149,025
Overview
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.
Home Features
- •In Unit
- •Smoke Free
- •Washer Dryer Allowed
Estimated Monthly Payment
$51,966 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$149,025
Monthly savings impact
$414/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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220 East 20TH Street #PH, New York City, NY 10003
Listing Courtesy of Douglas Elliman Real Estate
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Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Leslie J Garfield & Co Inc
Data Source: TRESTLE #RLS10945107
Price Analysis
Compare average listing prices and value metrics for 56 East 1ST Street against the surrounding East Village market.
Average List Price
Price Per SqFt
5.95% Lower
than the East Village price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
East Village
Punk Rock & Pastrami
\nThe East Village is legendary. It has shed some of its grit for glam, but it remains a cultural incubator for music, art, and food.
\nReal Estate & Housing Market
\nWalk-up apartment buildings define the area. New developments are rare and controversial. It's a renter-heavy neighborhood.
\nLifestyle & Community
\nVibrant, young, and diverse. A mix of NYU students, old-school hipsters, and young professionals.
\nTransportation & Accessibility
\n6Train at Astor Place, L train at 1st/3rd Ave. Good bus service.
\nParks, Schools & Amenities
\nTompkins Square Park and the East River Park (nearby) provide green space.
\nWho This Neighborhood Is Best For
\nBest for those who want to be in the center of the action and don't mind a little noise.
