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Property profile & analytics
OFF-MARKET Estimated value $2,565,000
Investment properties

355 Grand St New York, NY 10002-4628

6,935 SF 0.03 ac lot Built 2019
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US63-2902961
Property summary
AI-generated overview

This exceptional 1,200 square foot office space is located on the second floor of a stunning, newly constructed (2019) six-story building at 355 Grand Street, situated on a prime corner lot at the intersection of Grand and Essex Streets in New York City's Lower East Side, within the Chinatown submarket cluster. The building boasts a total of 6,935 square feet, a 6.5 FAR, and features a modern elevator. This Class A space offers a single-tenant occupancy within a building that also includes residential units. The property sits on a 1,151 square foot lot and benefits from approximately 75 feet of wraparound frontage, providing excellent visibility. The vibrant neighborhood is home to a diverse range of businesses and amenities, including Cafè Katja, Las Lap, Skin Contact, Casa Mezcal, and Roasting Plant Coffee, ensuring a bustling and convenient location. The C6-2, 12c zoning designation offers flexibility for various commercial uses. This space presents a unique opportunity to establish a presence in a rapidly developing and highly sought-after area of Manhattan. The building's modern design and prime location make it an ideal choice for businesses seeking a sophisticated and accessible workspace.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2019
Total area 6,935 SF
Lot 0.03 ac (1,151 SF)
Zoning code C6-2
APN 00310-0020
UPID US63-2902961
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Keyless Storage Facility Storage Facility
  • CHA & - Tea Bar Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.36M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.57M
Owner & transaction history
Interboro Realty Mgmt Corp · 11 yrs held
Interboro Realty Mgmt Corp
since 2014
5 recorded transactions
2018
Price N/A
2017
Price N/A
2014
$4.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C6-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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