$7,750,000
Updated 9 years ago
Off Market

143 Grand Street

Soho, Manhattan | Lafayette Street & Crosby Street

4,300 Square FeetMixed Use

$7,750,000
floors / apts4 / 9
Lot Size17'x80'8"
ZoneM1-5B
Building TypeLoft
RE Taxes$73,874
Price Per SF
$1,802

Building Amenities

  • Voice Intercom

Property Description for 143 Grand Street

A 4-story, mixed-use, walk-up building located on the south side of Grand Street between Crosby and Lafayette Streets. The retail unit consists of a ground floor and mezzanine level totaling 1,600 SF, as well as a cellar. It is currently leased to Hampton Chutney, a well established Indian restaurant with three locations and a long term lease in place through July of 2027. The tenant pays $210,000/year ($131/SF) and reimburses for 25% of the real estate taxes over base year '16/'17. Floors 2-4 feature three lofts, perfectly suited for office use. The 2nd floor unit offers 1,800 RSF, while the top two units each offer 900 RSF. The second floor unit can be delivered vacant, allowing for a user buyer to utilize the property as a live/work opportunity. Additionally, the property has 2,867 SF of unused air rights, which could allow a buyer to construct an additional Penthouse office unit. Current ownership has obtained landmark approved plans for a PH measuring 500 SF. The property is located steps from neighborhood retail and restaurant hotspots such as Sweetgreen, Soul Cycle, Baz Bagel, Onieal's Restaurant and Bar, NikeLab 21M, CB2, Foot Locker, and The Mulberry Project. Located directly on the other side of Grand Street is a vacant lot which will be developed into a public park by local government. In addition to a bustling retail market, the property is located half a mile from the newly opened PUBLIC Hotel, a newly renovated hotel on Chrystie Street, which offers a heavily trafficked rooftop bar and lounge, and ground floor dining. The property is located only two blocks from two Canal Street Subway Stations, one of which serves the N, Q, R and W lines, and the other of which serves the 4 and 6 lines.

Listing History for 143 Grand Street

Now
02/22/2018
POM by Robert Burton
Cushman & Wakefield
2018

Building Details for 143 Grand Street

OwnershipMixed Use
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/9
Learn More About the Building

Transit and Citi Bike

Subway

Canal St
0.1 miles
Spring St
0.2 miles
Bowery
0.29 miles
Canal St
0.3 miles
Prince St
0.31 miles

Citi Bike

Lafayette St & Grand St
0.04 miles
Howard St & Lafayette St
0.07 miles

Contact Agents

Contact Agents

Robert Burton
Cushman & Wakefield
Mitchell Levine
Cushman & Wakefield
David Shalom
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: 71120TH