$20,377,000
Updated 10 years ago
Sold

125-127 Grand Street

Soho, Manhattan | Broadway & Crosby Street

14,800 Square FeetIncome Property

$20,377,000
floors4
Lot Size50'x80'
ZoneM1-5B
Building TypeLoft
RE Taxes$83,601
Price Per SF
$1,377

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 125-127 Grand Street

Cushman & Wakefield has been exclusively retained to arrange for the sale of 125-127 Grand Street. Built in 1820, the properties are two contiguous Federal Style, loft buildings that are equally suitable for investment or conversion. The property is situated in the heart of SoHo, on one of the strongest retail corridors in Manhattan, on the south side of Grand Street between Broadway and Crosby Streets. Known as a global shopping paradise, neighboring retailers include Alexander Wang, Ted Baker, Muji, Dolce & Gabbana, Jill Sander, AETHERnyc, BOSE, Starbucks, Wells Fargo, Foot Locker, CB2, G-Star Raw, The French Culinary Institute, Topshop, Helmut Lang, Patagonia, James Perse and DH&M. The buildings combine for 50’ of frontage, providing tremendous retail visibility and spacious lofts above. The retail space at 125 Grand Street is approximately 2,000 square feet at grade with 10’ 1” ceiling heights that rise to about 11’ at the spectacular interior skylight, plus approximately 2,000 square feet of lower level space with 8’ 8” ceiling heights. The retail space at 127 Grand Street is approximately 2,000 square feet at grade with 12’ 3” ceiling heights, plus approximately 2,000 square feet of lower level space with 7’ 7” ceiling heights. The above floors of both buildings contain six live-work loft units, three of which are vacant, while the remaining three are rent stabilized. Ceiling heights on the above floors at 125 Grand Street span 8’ 8”, while the ceiling heights at 127 Grand Street are approximately 13’ 3”. The expansive units could accommodate two or more bedrooms per floor. One of the units was recently gut renovated with modern finishes and stainless steel appliances. Additionally, there is about 5,248 square feet of un-used air rights which could potentially be used to add square footage to the buildings if approved.

Listing History for 125-127 Grand Street

Now
05/05/2016
Sold and Closed by James P. Nelson
Cushman & Wakefield
03/31/2016
Contract Signed by James P. Nelson
Cushman & Wakefield

Building Details for 125-127 Grand Street

OwnershipIncome Property
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1820
Floors4
Learn More About the Building

Transit and Citi Bike

Subway

Canal St
0.11 miles
Spring St
0.2 miles
Canal St
0.26 miles
Prince St
0.3 miles
Bowery
0.33 miles

Citi Bike

Lafayette St & Grand St
0.08 miles
Howard St & Lafayette St
0.1 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Caroline Hannigan
Cushman & Wakefield
Robert Burton
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: 62291TH