Take advantage of this rare opportunity to take artist Mark Rothko's historic East Village townhouse across the finish line! Rescued by the current owner, this important artists' destination has been fully gutted, structurally renovated and envisioned as a pair of triplexes with DOB- and LPC-approved plans in place.
Featuring over $2, 000, 000 in high-quality capital improvements, the property is now a clean slate offering several options for discerning buyers: Create your sprawling East Village single-family dream home, add an income-producing apartment, or take advantage of the approved plans to develop two three-bedroom, three-bathroom triplex units, each with significant outdoor space.
This outstanding property conveys with:
Completed James Ramsey/RAAD-designed plans for two triplexes.
All DOB and LPC approvals for the two triplex residences.
Virtually all demolition completed.
Over $2, 000, 000 in renovations completed, including:
o A brand-new roof with structural steel to support a penthouse.
o A basement excavated to 9 feet in height with three full-height windows and outdoor access, complying with NYC housing maintenance code.
o All necessary foundational work.
o LPC permission for the installation of new windows.
All necessary engineering, monitoring, SOE, means and methods approvals and other agreements.
New and enlarged rear window openings at basement level, including new structural steel lintels.
Underground plumbing and sump pumps installed below new excavated basement floor.
Located within the East Village/Lower East Side Historic District, 313 East 6th Street is a red brick and brownstone townhouse built in 1853 with Italianate and Greek Revival elements. Originally a single-family home, as early as 1902, the building was converted to three above-ground apartments and a garden level. A 1948 Certificate of Occupancy shows that a "social club" was located in the basement. In its most recent iteration, the building housed an art studio on the ground floor with three floor-through apartments. The handsome building retains its high brownstone stoop and original newel posts, a rarity for the block.
The property also offers an important artistic provenance as the home of many influential artists. Famed abstract painter Mark Rothko resided in a unit here in the 1930s, and his painting "Thru the Window" was inspired by his time at the home. In fact, the address is inscribed on the back of the work. Emile de Antonio, a noted documentary director and producer, lived at 313 East 6th Street during the 1970s and 80s. Later, painter and filmmaker Alfred Leslie, a contemporary of Jack Kerouac's, lived on the building's garden level.
The 20-foot by 50-foot building occupies a 20. 5-foot by 81. 75-foot lot, allowing for a 30-foot-deep yard. Inside, each floor offers exceedingly high ceilings and northern and southern exposures. The total square footage, including the basement, is approximately 5, 480 square feet. The house is offered in its current gutted and structurally renovated condition, ready for you to enjoy the special property's next 200 years.
Positioned where the East Village meets NoHo and the Lower East Side, this home's vibrant neighborhood is filled with Michelin-starred restaurants, hip cocktail bars and long-time New York institutions like Veselka, McSorley's, Russ & Daughters and Katz Deli. Target and Whole Foods Houston, and entertainment and recreation are within easy reach at Tompkins Square Park, Washington Square Park, Union Square and Roosevelt Park. Transportation is effortless with 4/5/6, N/Q/R/W and L trains, excellent bus service and CitiBikes nearby.
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Our Executive Mortgage Banker:
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$7,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,996,000 | $5,996,000 | $5,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $1,835 | $1,835 | $1,835 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,469 | $38,393 | $51,003 |
Total Monthly Payment | $37,429 | $40,353 | $52,963 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.