Thursday, February 20, 2014

Walter De Maria's home/studio on East 6th Street is now on the market for $25 million



A few weeks ago, the Times brought the news that the longtime home-studio of the late Walter De Maria was ready to hit the real-estate market for $25 million. The artist, who died last summer at age 77, had lived/worked here since 1980.

The listing arrived on Streeteasy yesterday. Here's the pitch:

421 East 6th Street is a 4-story, 16,402 square foot loft-style building featuring soaring ceilings, original 1920s interior fixtures and spectacular views, ideal for an ultra-luxury single-family. Since 1980, the building has been the home and residence of the renowned artist Walter De Maria.

Constructed in 1920 as a Con Edison substation, 421 East 6th Street maintains many of its original 1920s industrial finishes and features including exceptional slab-to-slab ceiling heights ranging from 14-3 to 32-3. Other remnants of its classical design include dramatic multistory warehouse windows, an old-fashioned through-floor pulley system and exposed brick and ceilings.

The building is one of the tallest in the immediate vicinity providing spectacular views of the surrounding area and New York City skyline. Constructed on a through-block lot, the Property has a driveway entering the rear of the building from East 7th Street. The building is also afforded light and air on three sides.

And some photos…









… and the view from the roof…



The sale also includes the empty lot next door at 419 E. Sixth St.

To date, we are still waiting for someone to randomly lend us, or better, give us, $25 million.

Seriously, though: Any thoughts/predictions on what might happen with this building? Converted to condos? Kept as a single-family home? Turned into an art gallery/museum? (Heh.)

Previously on EV Grieve:
About that "giant-robot laboratory" on East Sixth Street

RIP Walter De Maria

What is your East Village dream home?

Walter De Maria's 'giant-robot laboratory' going for $25 million; inside is amazing as you'd expect

17 comments:

Anonymous said...

Ben S will not be interested in this on since the present resident is not old enough or living in poverty so no fun in a force eviction. Maybe a friend of David S???

Anonymous said...

My prediction is that it's gonna be on the market for a while. It's a cool place but the pool of potential buyers at that price has to be really, really small.

Anonymous said...

Yo, Joey!

Giovanni said...

Two words come to mind: Schwimmer Museum

Anonymous said...

Damn, he should have said in his will to make it a museum of his work! Beautiful structure.

boweryboy said...

They should donate it to an arts organization, and turn it into a mult-disciplinary, visual and performance center. A person can dream, can't they?

Makeout said...

I don't even wanna think about what could happen.

Anonymous said...

This will either go for a single buyer--and there are more of those around now than you'd think!--or someone who will divide it up into rich hip 8mil lofts, say 5 of 3,000 sq ft each? And then have the lot to sell off or develop for another cool x million.

Anonymous said...

What about the giant robots inside, are they for sale too? 'Cause I have some plans for them...

Anonymous said...

Let's put all of the recently closed EVil restaurants in there. Epic food court!

Anonymous said...

There is no shortage of people who can afford to spend $25 million on a place like this. Someone will snap it up either for themselves or for development. This is the new East Village!

DrBOP said...

I'm thinkin' that this could be THE 7-11 that takes the top spot away from Montauk.

And it is too bad.....it certainly would make for an excellent new EVG Headquarters.
And just THINK about the Olympic Bobsled-like Slide you could install.....TRULY Legend.....wait for it....DARY!!!

And, what the hell, we'll end on a bummer note.....I can remember my pop buyin' a brand new Ford LTD back in the late 80s (he worked for them, but became a raging social democrat when he retired.....I was sooo proud).....and all he could do was shake his head when he realized that he was paying twice the price for the car AS HE HAD PAID FOR HIS FIRST HOUSE AFTER WWII !
What the HELL has happened in 30 years that has made that a "quaint" observation? (rhetorical question.) 25 million my ass !

Goggla said...

The best laundromat ever?

EV Grieve said...

@DrBOP

EVG HQ, eh? I will see if they accept out-of-state, post-dated, third-party checks!

@Goggla

With this much space, they will need a liquor license ... just to pair with the soap!

Douglas Quint said...

Seriously you guys, I really need that place. I would love to have you all over sometime (once). Let's just make it happen. Ok?

Anonymous said...

will the yippies / zippies take this on and start up overthrow again Alice, with her line of credit shold be able to write this off

Anonymous said...

There is a definite shortage of people willing to spend $25mm to live in a converted industrial space across the street from low-income housing. You could buy three townhouses on East 10th for that kind of money. Or a 25-foot wide Greenwich Village Gold Coast mansion.