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East Village Building Taken Over by Hanksy Reborn As Condos

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Name/Address: Altes House, 324 East 4th Street
Developer & Architect: Mortar Architecture and Development
Size: 11 condos
Prices: current availability from $749,000
Sales and Marketing: Halstead Property Development Marketing

The old tenement building at 324 East 4th Street made headlines in January 2014 after street artist Hanksy (illegally) took over the building with a band of artists to fill the abandoned space with graffiti. At the time, developer Anthony Morena had already put forth plans to convert the building into condos, and one would assume that this kind of trespassing would, uh, displease him. But it seemed to do the opposite: "There were things that were broken, there was this graffiti everywhere, but once you started to get into it, and look at it, you started to become amazed by each piece," Morena recently told the Times. After discovering the artwork, Morena had it professionally photographed, and buyers of the new condos will receive framed copies of the images "to preserve the building's legacy."

[The interior after the Hanksy takeover. Photo via Bowery Boogie.]

Without the photos, one would never know the building's colorful past. The interiors of the original four-story structure were completely gutted, and a three-story addition was built on top. Interiors feature oak flooring, Carrara marble kitchen counters, washer/dryers, and Italian towel warmers in the mast bathrooms. Two listings are currently live. There's a 605-square-foot one-bedroom listed for $749,000, and a 1,155-square-foot two-bedroom asking $1.45 million. They should be ready for move-ins this winter.

· The East Village Embraces a Colorful Past [NYT]
· See Street Artist Hanksy (Illegally) Transform an EVill Tenement [Curbed]
· 324 East 4th Street [StreetEasy]