| Bulding Address: | 55-59 Chrystie Street, New York NY 10002 |
| Building Alternate address: | 55-59 Chrystie St |
| Zip Code: | 10002 |
| Neighborhood: | Soho |
| Borough: | Manhattan |
| Stories: | 6 |
| Year Built: | 1900 |
| Building Class: | B |
| Block & lot: | 00303-0027 |
55-59 Chrystie Street, Manhattan, NYC
History of the Building
55-59 Chrystie Street is a six-story office/retail building located in the heart of Manhattan's Chinatown. The property was originally built in 1900 as a garment factory.
In 1982, CTW Realty purchased the building for approximately $1 million. Over the years, they invested about $5 million in renovations, transforming parts of the building into office spaces to attract tenants from the art and media industries.
Notably, in the 1980s, the hip-hop group Beastie Boys rented a full floor of the building. They used it as their home, recording studio, and "party palace." The group even referenced the property in their song "B-Boy Bouillabaisse" from the iconic album Paul's Boutique.
The property faced financial challenges, leading to a default on a $25.1 million loan in 2018. CTW Realty filed for Chapter 11 bankruptcy to avoid foreclosure. In 2020, the building was sold to Jeffrey Lam of Lam Generation for $28.6 million through a bankruptcy auction.
55-59 Chrystie Street is a significant property in Manhattan, New York City. It is a 6-story elevator building known for its architectural importance, featuring a mix of office and retail spaces across its floors. Located in the vibrant Lower Manhattan area, it offers a considerable 46,365 square feet of space with 75 feet of frontage. Historically, the building was once associated with the Beastie Boys as their home and recording studio in their early career.
The area is strategically positioned at the crossroads of the Lower East Side and Chinatown, with easy access to major subway lines and bridges connecting to Brooklyn. The property is also notable for its proximity to Sara Roosevelt Park, providing a serene setting amidst the bustling city.
Notable features of the building include its exposed brick, hardwood floors, and vaulted ceilings, which reflect the classic charm of New York City. Outdoor spaces such as a water tower on the rooftop and a fire escape add to its unique charm.
55-59 Chrystie Street Building Amenities
- Exposed Brick, Archways, and Vaulted Ceilings: Unique architectural charm.
- Hardwood Floors
- Rooftop and Private Outdoor Terraces: Views of the Manhattan Bridge and Sara Roosevelt Park.
- Skylights and Natural Light: Abundant throughout the building, especially on the top floor.
- High Ceilings
- 24 Hour Access
- Bus Line and Metro/Subway Access
- Kitchen Facilities
- Bicycle Storage
- Sound Studio and Staging Kitchen
This building is located at the crossroads of Lower East Side and Chinatown, near multiple transportation options and Brooklyn.
55-59 Chrystie Street, Manhattan, NYC
Located in the Lower East Side of Manhattan, 55-59 Chrystie Street is a 6-story elevator building known for its architectural significance, featuring 75 feet of frontage. The property includes both retail and office spaces. Historically, the building was associated with the Beastie Boys, who used part of it as their home and recording studio.
Historical Notable Tenant
- Beastie Boys: The group used this location as a home and recording studio during their early career.
Current Tenant Information
Recent information on current tenants is not readily available. The building is currently in bankruptcy.
The building located at 55-59 Chrystie Street in Manhattan, NYC, is equipped with multiple high-speed internet providers and fiber optic connectivity. This setup ensures reliable and fast internet access for occupants.
55-59 Chrystie Street in Manhattan, NYC, offers convenient access to various transportation options:
Subway Lines: The building is close to several subway stations, including Grand Street (B, D trains) and Canal Street (6, J, Z, N, R, Q, W, A, C, E trains).
Bus Routes: Nearby bus stops serve routes M15, M103, B39, and others.
Train: The PATH train is another option, providing connections to nearby areas.
Cross Streets: Chrystie Street is between Canal Street and Grand Street in Lower Manhattan.
