Monday, July 23, 2012

'Many opportunities' for new-to-market Sixth Street building

407 E. Sixth St. is now back on the market for $3.5 million. And the listing (via Corcoran) has a familiar tone to it... single-family conversion... available air rights...

On a prime East Village block between Avenues 1st and A, this historic, Italianate style, 5 story townhouse is located around the corner from Tompkins Square Park. Boasting a generous 21 feet of building width, 5000sf of interior space and lot depth of 91 feet with a beautiful rear garden, this home affords many opportunities for use including single family conversion, condominium conversion, live/work use or multi unit rentals.

Currently configured as 5 full floor apartments, the ground floor allows for commercial use. The property is NOT in a landmark zone and has additional available air rights of over 3500 buildable square feet. This house has been lovingly owned and occupied by the same family for over 50 years and will be delivered vacant. Bring your architect.

Anyway, this property briefly hit the market before ... and was promptly delisted several times, in November 2009 and April 2011, per Streeteasy.

And this is one of many buildings that have been for sale with both air rights and single-family aspirations.... such as this one on Avenue D ... this one on Avenue B ... or this one on Seventh Street ...
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4 comments:

  1. AnonymousJuly 23, 2012 at 9:10 AM

    These people..eat me and then go away and die!~!

    ReplyDelete
  2. Ken from Ken's KitchenJuly 23, 2012 at 10:36 AM

    I'm surprised that Matt LeBlanc or Lisa Kudrow hasn't jumped on it.

    ReplyDelete
  3. Lista86July 23, 2012 at 1:07 PM

    The words "delivered vacant" make me so furious I can't see straight.

    "Don't worry- we'll destroy tenants' lives by forcing them out of their homes- FOR you! No messy clean up, AND a clear conscience simply await you and your architect!"

    I didn't realize what a trend this was becoming! After recently being evicted from our E. 3rd St. home (across from the Economakis nightmare), we moved way, way north. I met our new next door neighbor yesterday, and when I asked how long he'd been in the building, he said he and his wife moved in 5 years ago after being evicted from their stabilized UWS apartment by a landlord who made it a single family dwelling. But only for a few years, he then chopped it up into non-stabilized rentals.

    Looks like Washington Heights is the current refugee zone for evictees...

    ReplyDelete
  4. AnonymousJuly 23, 2012 at 7:41 PM

    @Lista86: And nobody has challenged this "owner-occupied" fraud? One might hope that the city or state has some provision in its housing law to take back (and with penalties) what was given so freely when a subterfuge like this becomes apparent.

    Has your new neighbor even considered speaking with a lawyer about suing?

    ReplyDelete

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