Basquiat lived and worked at 57 Great Jones St. from 1983 until his death in 1988. Officials say the co-naming recognizes his lasting influence on New York City's art and cultural landscape.
The ceremony is scheduled for 1 p.m. and will include a presentation of a proclamation honoring the artist to Lisane Basquiat and Jeanine Heriveaux, his sisters.
No. 57 is now home to Atelier Jolie.
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