329 Grand St Immeuble residentiel 3 lots 2 946 100 € (982 033 €/Lot) Taux de capitalisation 5,17 % New York, NY 10002

TURN-KEY INVESTMENT OPPORTUNITY! Financials / private viewing available upon request.
Acre NY Realty Inc. has been retained on an exclusive basis to arrange for the sale of 329 Grand St (“The Property”), a ~22’ wide, ~65' long three-story walk-up building located on the south side of Grand Street between Orchard and Ludlow Street in the Lower East Side neighborhood of Manhattan. Built in 1910 and gut renovated in the 2000s, this building is kept in prime condition under the hands of its current owner. It boasts a usable square area of 3,493 sqft and an unused air right of 4,953 sqft.
All units are free-market and occupied, guaranteeing immediate return. The ground floor 1,365 sqft retail unit comes with an underground storage unit of 450 sqft, while the two residential units feature efficient 3-bedroom layouts at 840 sqft each. The residential units are fully renovated, featuring double-paned windows with dual exposures, oak laminate flooring, modern kitchen appliances and quartz countertop islands.
The building sits right across from Mizuma & Kips, an art gallery with decades of history and a landmark of the Lower East Side renowned for its mural-filled facade. It’s also across the street from the Lower East Side Open Streets, a program that transforms blocks of streets into public space for outdoor dining, walking, and cycling. Grand Street is the heart of Lower East Side, a trendy neighborhood known for its restaurants, bars, and boutiques, resulting in steady
population growth and an intense demand for housing.