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334 Grand St 5 Unit Apartment Building $15,898,751 CAD ($3,179,750 CAD/Unit) 2.52% Cap Rate New York, NY 10002
INVESTMENT HIGHLIGHTS
- Corner building in Lower East Side cultural hub.
- Primed for adaptive use: luxury live/work, corporate headquarters, or continued income generation.
- Trophy asset in one of New York’s most culturally vibrant neighborhoods.
- Surrounded by trendsetting dining, art galleries, and cultural landmarks.
- Positioned at the nexus of Grand and Ludlow Streets.
EXECUTIVE SUMMARY
Douglas Elliman Commercial is pleased to offer for sale 334 Grand Street, a newly constructed 7-story (8,395 SF) steel, concrete and brick, corner mixed-use building located in the vibrant epicenter of the Dimes Square/Orchard Street neighborhood.
The multi-use elevator property consists of 3 full floor loft-style units (as-of right residential and commercial), a trophy triplex residence with exterior terraces on 3 levels, and a corner retail space, including accessory cellar space. There are no rent regulations associated with this property.
Developed in 2008 featuring condo finishes and appliances, gourmet kitchens, spa-like bathrooms with radiant floor heating, central HVAC, and wall to wall windows that offer consistent an abundance of natural light from southeast exposure.
This elevator building is currently 100% tenant occupied until June, 2026 but can be delivered vacant to provide flexible opportunities:
- Single family residential
- Multi-use (residential & commercial) corporate headquarters
- Owner user live/work income
- Reposition as condo offering
334 Grand Street is situated on the corner of Ludlow Street in the Lower East Side neighborhood, where art, fashion, dining, and nightlife scenes all converge.
The multi-use elevator property consists of 3 full floor loft-style units (as-of right residential and commercial), a trophy triplex residence with exterior terraces on 3 levels, and a corner retail space, including accessory cellar space. There are no rent regulations associated with this property.
Developed in 2008 featuring condo finishes and appliances, gourmet kitchens, spa-like bathrooms with radiant floor heating, central HVAC, and wall to wall windows that offer consistent an abundance of natural light from southeast exposure.
This elevator building is currently 100% tenant occupied until June, 2026 but can be delivered vacant to provide flexible opportunities:
- Single family residential
- Multi-use (residential & commercial) corporate headquarters
- Owner user live/work income
- Reposition as condo offering
334 Grand Street is situated on the corner of Ludlow Street in the Lower East Side neighborhood, where art, fashion, dining, and nightlife scenes all converge.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Recycling
- Smoke Free
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 0408-0022 | Improvements Assessment | $1,266,171 CAD |
| Land Assessment | $285,545 CAD | Total Assessment | $1,551,716 CAD |
PROPERTY TAXES
Parcel Number
0408-0022
Land Assessment
$285,545 CAD
Improvements Assessment
$1,266,171 CAD
Total Assessment
$1,551,716 CAD
CONTACTS
-
Louis Puopolo -
Antonio Mongiovi -
Lisa Wong -
Douglas Elliman Commercial Real Estate
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334 Grand St
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