3 1/2 Story Landmarked Corner Building | 17.5' x 80' | 4,200 SF | Delivered Vacant

Description:

339 Grand Street New York New York aka 57 Ludlow Street NY NY 10002, is a landmarked building located on the south west corner of Grand & Ludlow Street on the Lower East Side of Manhattan. Built between 1831-1833, this 3 1/2 story corner commercial building is approx. 4,200 s.f. above grade level plus basement. The building will be delivered vacant at closing.

Additionally, there are approximately 4200s.f. of unused air rights that may have future transfer potential. The 339 Grand Street house was one of five Federal style row houses built by John Jacob Astor in 1831-1833 on property he purchased from William Laight in 1806. A full lot rear yard addition fronting on Ludlow Street was built around 1855. There has been a store front on the ground floor of this Grand Street building since 1884. The 339 Grand Street building is a rare surviving example of the Federal style house in Manhattan. The house retains a significant amount of its original architectural fabric and including its original form and material.

The design of the 339 Grand Street House is characteristic of the Federal-style houses, which usually had a three-bay façade with two full stories over a high basement and an additional half story under a peaked roof with the ridge line running parallel to the front façade. 339 Grand Street is notable as a grand Federal style row house due, particularly, to its original form and materials, with its three-and-a-half story height and 17 ½ foot width, high peaked roof with dormer, and front façade with Flemish bond brick work (now painted). The full-lot rear yard addition, completed circa 1855, also retains its original form and materials, with its three-story height, flat roof, lintels, sills and cornice. Despite the loss or alteration of some architectural details, the 339 Grand Street House is one of the relatively rare surviving and significantly intact Manhattan row houses of the Federal style and period (dating from 1789 to 1834).

Of the five Federal Row houses built on Grand Street by John Jacob Astor, the 339 Grand Street house is the only one that is largely intact. 339 Grand Street is a rare opportunity to renovate a LANDMARKED corner building and bring it back to its former glory. The city's Landmark Preservation Commission (LPC) designated the 339 Grand Street house as a New York City landmark in 2013 before the rampant development in the neighborhood would have destroyed the property forever.

Although all information furnished re. property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to errors, omissions, change of price and rental or other conditions, prior sale, or financing or withdrawal w/o notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser's own architect and/or zoning attorney.

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