Opportunity Zone: 527 Grand Street, New York, NY 10002

Lower East Side, New York, New York 10002

$5,400,000   $4,700,000  

Listing ID Number


Property Description

Cushman & Wakefield has been exclusively retained to arrange for the sale of 527 Grand Street, located on the corner of Grand and Henry Street. The ground floor commercial space is occupied by
a pharmacy on a month to month basis. The second floor has a 4 bedroom 1 bathroom apartment.
The third floor has two apartments. Both are 2 bedroom 1 bathroom apartments. The building has over
500 square feet of air rights for residential and over 4,000 square feet of air rights for community facility. The property has 29 feet of frontage on Henry, 47 feet on Grand and 23 feet on the corner.


Building Type:Apartment Buildings, Commercial Buildings, Development/Conversion Sites, Mixed-Use Investment Buildings, Mixed-Use User Buildings
Location:Located on the corner of Grand and Henry Street
Lot Dimensions:23' x 47'
Lot Sq Ft:1,238
Residential Units:3
Commercial Units:1
FAR:3.4 for residential, 6.5 for community facility
Building Sq Ft:3714



For further information or inspection, please contact Exclusive Agents:

Michael F. DeCheser
Senior Managing Director
(212) 660 7772

Mei Ling Wong
(212) 660 7716

Andrew Berry
(212) 589-5124

Bryan Hurley
(212) 660-7706

Property Images

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Property Map

Aerial View

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.