Total Est. Monthly Carrying Cost:
$10,857 ($6.07/ft2)
Note: the above is based on a down payment of 20% ($315,000),
which is the minimum amount permitted by the building.
Description
Live where a New York City legend began. Welcome to 56 Ludlow, the birthplace of the legendary band, Velvet Underground. This intimate co-op building has served as an artist’s haven for decades. Originally built in 1900, it was completely restored and renovated by it’s most recent owners and stands as a lovingly maintained piece of NYC history. Within these iconic walls, the fourth-floor loft offers a very rare opportunity to add your artistic expression to the legacy of one of rock and roll’s most beloved addresses. Up 3 short flights of stairs, the fourth-floor loft is an expansive space with tremendous possibilities.
The approximately 1788 sq ft. interior is move-in ready, but if you want to let your design inspirations run wild, you and your architect can also create the Lower East Side loft of your dreams! It also comes with approximately 450 sq. ft. of undeveloped, private rooftop space, and nearly 100 sq. ft. of private basement storage. This floor through loft gets wonderful light throughout the day, with 4 large windows on either side facing east and west, plus 2 northern exposure interior windows. The west facing view is towards the historically landmarked 339 Grand.
The preservation of the 3 1/2 story Astor row house will guarantee rooftop, city views and beautiful light for years to come. The 4th floor is currently a share with month to month tenants. It can be delivered vacant near closing. Monthlies are $2500. There is basement bike storage. The building allows washer/dryers and pets upon approval. This block of Ludlow lives in a rarefied space.
It’s one of the few in the area that isn’t home to several loud bars or restaurants. This is due to its close proximity to multiple schools, keeping it preciously quiet in this very vibrant neighborhood- A veritable oasis on the Lower East Side. However, if you want art, culture, restaurants, bars and shopping, you literally only need to travel around the block. The Lower East Side is one of NYC’s most historical neighborhoods.
It’s know for its distinctive energy and verve, which has attracted and inspired all those that have inhabited it’s boundaries. Come see if 56 Ludlow inspires you!
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