329 GRAND Street, New York City, NY 11211 (MLS # RPLU-63223320453)

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PRICE $3,895,000 BEDS 6 BATHS 3 HOME SIZE 1 sqft LOT SIZE 1,351 sqft Request More Info Schedule a Showing

3,493 SF Turn-key investment three-story, mixed-use, property on 329 Grand Street in the vibrant Lower East Side neighborhood. Built originally in 1910, this well maintained walk-up spotlights two renovated residential units and one commercial space. An incredible chance for savvy investors or developers, this gem of a property offers an additional FAR of unused 4,953 SF. Equally remarkable is the commercial space that nearly comprises the lot's entirety, occupying a substantial 1,365 SF footprint, with an extra storage basement spanning 450 SF. This well-maintained ground floor grocery store currently has four years left on its lease, attesting to stability and assured returns.

The second floor leads into a newly renovated dwelling showcasing three spacious bedrooms, one stylishly finished bathroom and a sleek, modern kitchen. Bathed in light through double-pane windows with dual exposures, this space is a homage to industry and convenience. High ceilings paired with durable Pewter Oak laminate floorings, a Sparkle Quartz countertop island, with new appliances create a welcoming and warm ambiance.

Units are currently occupied, adding to this property's appeal as a ready-made investment. Progress to the third floor and discover a renovated oasis featuring Bamboo wood floors, three ample-sized bedrooms, a fully-equipped kitchen, and a beautifully finished bathroom with custom tiles. This floor-through space was remodeled in 2019, flaunting a modern aesthetic that cleverly echoes its historic roots while offering the comforts of modern living.

Located in a dynamic and thriving neighborhood, 329 Grand Street is optimally positioned within a handful of minutes from East Broadway, Grand Street, and Delancey Street B, D, F and M Train Stations. You'll be right in the heart of the city's most intriguing districts, the Lower East Side, and Chinatown, surrounded by an eclectic mix of eateries, shops, and cultural hubs. Request a private viewing.