$10,500,000
Updated 10 years ago
Sold

57 Grand Street

Soho, Manhattan | West Broadway & Wooster Street

7,370 Square FeetMixed Use

$10,500,000
floors / apts4 / 3
Lot Size22'x67'
Built Size22'x67'
ZoneM1-5A
Building TypeLow-Rise
RE Taxes$36,069
Price Per SF
$1,425

This property was sold for $8,625,000 on 10/09/18.

Listing Features

  • Window AC Units

Building Amenities

  • Voice Intercom

Property Description for 57 Grand Street

57 Grand Street is four story mixed use walkup building with three full floor loft apartments and a ground floor commercial space with a partial basement. Located in the heart of SoHo on the south side of Grand Street between West Broadway and Wooster Street, the ground floor tenant is the long-time neighborhood bar, Toad Hall. The upper floors consist of three newly renovated residential units. Ceiling heights are 13’ on the ground floor, 11’ on the second floor, 9’ on the third floor, and 9.5’ on the fourth floor. The second and fourth floors both have skylights allowing great natural light. 57 Grand Street represents a rare opportunity to purchase a beautifully renovated free market mixed-use property with steady income.

Listing History for 57 Grand Street

Now
04/21/2016
Sold and Closed by Robert Burton
Cushman & Wakefield
01/05/2016
Price Increase by Robert Burton
Cushman & Wakefield

Building Details for 57 Grand Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

Canal St
0.12 miles
Canal St
0.15 miles
Canal St
0.2 miles
Franklin St
0.26 miles
Spring St
0.28 miles

Citi Bike

Grand St & Greene St
0.07 miles
W Broadway & Watts St
0.08 miles

Contact Agents

Contact Agents

Robert Burton
Cushman & Wakefield
Keegan Mehlhorn
Cushman & Wakefield

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 42141TH