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    328 Grand St New York, NY 10002

    Sponsored
    For Sale
    Contact for pricing

    Prime NYC Retail, Gut Renovated, High Ceilings

    Property size:
    1,219 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space at 328 Grand Street in New York, NY 10002 offers a unique investment opportunity for owner-users or investors. Located in New York County, this property boasts two units, each with its own distinct features. Unit 1A, a ground floor unit spanning 1,256 square feet, features impressive 9'5" high ceilings and offers the potential for garage space utilization. Unit C, situated on the lower level, comprises 1,219 square feet with 8' ceilings. Both units are brand new, having undergone a complete gut renovation. The property is ADA compliant, adding to its versatility and appeal. While not currently vented, the units have the potential for ventilation systems to be installed. This prime location in New York City presents a rare chance to acquire a fully renovated retail space with significant upside potential. The flexible layout and adaptable features make this property suitable for a wide range of retail businesses. The property's size and location make it an ideal investment for those seeking a high-return opportunity in a thriving urban market. Contact us today to learn more about this exceptional offering.

    Property Features for 328 Grand St

    General Information

    Property type
    Retail properties
    Square Feet
    1,219 SF

    HighLights

    • Brand new, fully renovated residential condo building.
    • ADA‑compliant, high ceilings.
    • Excellent investment or owner‑occupied opportunity.
    • Units can be vented (currently unvented).
    • Ground floor unit adaptable for garage use.
    • Unit 1A (ground floor): 9'5" ceilings, 1,256 sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Clothing Store Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Auto Parts Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9902341
    Latitude
    40.7172663

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    FAQs

    What type of property is this?
    Retail property - Prime NYC Retail, Gut Renovated, High Ceilings
    Where is this retail property located?
    The property is located at 328 Grand St New York, NY.
    What are key features of this property?
    This property features: Brand new, fully renovated residential condo building.; ADA-compliant, high ceilings.; Excellent investment or owner-occupied opportunity.
    (206) 707-3259
    Request Owner's contact information
    328 Grand St New York, NY 10002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    328 Grand St New York, NY 10002
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