Multi-family

Property Description for 341 Grand Street, New York, NY, 10002

Versatile Investment Opportunity in Lower East Side

Address: 341 Grand Street, New York, NY, 10002
Price: $4,499,000 ($1,024.36/SF)
Sale Type: Investment or Owner User
Type: 1-Star Retail Storefront Retail/Office
Gross Leasable Area (GLA): 4,392 SF
Stories: 3
Typical Floor Area: 1,648 SF
Class: C
Location: CBD (Central Business District)
Construction: Masonry

Overview:
Positioned in the bustling Lower East Side, this mixed-use 3-story property provides an excellent opportunity for investors or owner-users. With a GLA of 4,392 SF, this property offers a flexible layout suitable for retail or office use. Listed at $4,499,000, this asset combines affordability with potential for value appreciation in a high-demand Manhattan neighborhood.

Key Features:

Central Location:
Situated on Grand Street in Manhattan’s Lower East Side, the property is surrounded by a dynamic mix of retail, dining, and residential developments, ensuring consistent foot traffic and visibility.

Adaptable Layout:
With three floors and a typical floor size of 1,648 SF, this space is perfect for retail storefronts or office tenants seeking a functional and customizable setup.

Dual Opportunity:
Available for investment or owner use, the property offers flexibility to generate steady rental income or serve as a flagship location for a business owner.

Durable Construction:
Built with masonry, this Class C property ensures long-term reliability and low maintenance costs.

Proximity to Transit:
The property enjoys excellent connectivity to public transportation, making it easily accessible for tenants, customers, and employees.

Highlights:

This 1-star retail/office property provides an affordable entry into Manhattan’s competitive commercial real estate market. Whether you’re an investor seeking stable returns or an owner-user looking for a prime location, this property offers immense potential in a thriving business district.

Seize this rare opportunity to secure a versatile commercial asset in the heart of the Lower East Side.