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Bowery Multifamily Home for Sale

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    $9,935,000

    • 7 Beds
    • 6 Baths

    56 E 1st St, New York, NY 10003

    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

    Richard Pretsfelder Leslie J Garfield & Co Inc

    56 E 1st St, New York, NY 10003

About Bowery

The Bowery neighborhood in New York City has undergone a significant transformation from its gritty past to a trendy, upscale area. Known for its vibrant history as the capital of punk rock and poetry, the Bowery now features luxury condo buildings, chic cocktail lounges, and designer boutiques. Popular spots include the Bowery Hotel's lobby bar and Italian eatery Gemma, Rosie’s for tacos, and the retro-inspired Flower Shop bar. The area also boasts unique shopping experiences like John Varvatos, a high-end menswear store in the former CBGBs, and Rivington Guitars for vintage instruments. Art enthusiasts will appreciate the New Museum and The Hole gallery, as well as iconic street murals like the Shepard Fairey mural dedicated to CBGB. The neighborhood offers a mix of low-rise tenement-style apartments and newer high-end condos, providing luxury living at more accessible prices compared to nearby SoHo and NoHo. For groceries, residents can shop at Whole Foods on Houston at Bowery. Sara D. Roosevelt Park offers outdoor sports and recreation, though it faces challenges with homelessness and drug use. The park includes soccer fields, playgrounds, and the M’Finda Kalunga Community Garden. The Bowery Mission, a local nonprofit, has been aiding homelessness and hunger since 1879. For education, Nord Anglia International School, serving Pre-K to 8th grade, is highly rated.

Home Trends in Bowery, NY

Home Trends

Median Price (12 Mo)
$2,160,000
Median Single Family Price
$3,350,000
Median Townhouse Price
$5,750,000
Median 2 Bedroom Price
$1,940,000
Median 1 Bedroom Price
$985,000
Average Price Per Sq Ft
$2,011
Number of Homes for Sale
37
Last 12 months Home Sales
33
Months of Supply
13.50
Median List Price
$1,972,500
Median Discount From 1st List Price
6%
Median Home Sale Price YoY Change
8%
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