Active

329 Grand Street

New York City NY, 11211

$4,995,000


$1,430.00 per sqft

Active

6 Beds

2.5 Baths

3,493 sqft

Other

OWNER MOTIVATED-PRICE IMPROVEMENT. Step into a blend of historic charm and modern comfort at this remarkable 3,493 SF three-story, mixed-use, property on 329 Grand Street in the vibrant Lower East Side neighborhood. Built originally in 1910, this well maintained walk-up spotlights two renovated residential units and one commercial space. An incredible chance for savvy investors or developers, this gem of a property offers an additional FAR of unused 4,953 SF. Equally remarkable is the commercial space that nearly comprises the lot's entirety, occupying a substantial 1,365 SF footprint, with an extra storage basement spanning 450 SF. This well-maintained ground floor grocery store currently has four years left on its lease, attesting to stability and assured returns. The second floor leads into a newly renovated dwelling showcasing three spacious bedrooms, one stylishly finished bathroom and a sleek, modern kitchen. Bathed in light through double-pane windows with dual exposures, this space is a homage to industry and convenience. High ceilings paired with durable Pewter Oak laminate floorings, a Sparkle Quartz countertop island, with new appliances create a welcoming and warm ambiance. Units are currently occupied, adding to this property's appeal as a ready-made investment. Progress to the third floor and discover a renovated oasis featuring Bamboo wood floors, three ample-sized bedrooms, a fully-equipped kitchen, and a beautifully finished bathroom with custom tiles. This floor-through space was remodeled in 2019, flaunting a modern aesthetic that cleverly echoes its historic roots while offering the comforts of modern living. Located in a dynamic and thriving neighborhood, 329 Grand Street is optimally positioned within a handful of minutes from East Broadway, Grand Street, and Delancey Street B, D, F and M Train Stations. You'll be right in the heart of the city's most intriguing districts, the Lower East Side, and Chinatown, surrounded by an eclectic mix of eateries, shops, and cultural hubs. Don't let this uncommon opportunity pass you by. Enrich your portfolio with this superb investment and potentially convert to the residence of your dreams. Reach out today to schedule your tasting of the Big Apple!

RPLU-63222882290

MLS ID

February 15, 2024

Listed

April 24, 2024

Updated

Map

329 Grand Street
New York City NY, 11211

Interior Features

Total Stories

2


Bedrooms

6 Beds


Bathrooms

2.5 Baths


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

No

Exterior/Building Features

Lot Size

0.03 Acres

Other Property Details

Taxes

$27,864


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

NewYork


Pool

No


Zoning

C6-2


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/24/2024

Price Change

$4,995,000

-4%

3/27/2024

Price Change

$5,200,000

-6%

2/29/2024

Price Change

$5,495,000

-4%

Courtesy of Brown Harris Stevens Residential Sales LLC with George Arana,
Listing Contact: (212) 381-6568 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 11:17 PM UTC, 4/24/2024

 

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