Owner-User / Value-Add Retail - For Sale

$13,000,000

900 Grand Street, New York, NY 11211

For Sale

Retail Unknown Sub Type

Active

Last Updated: 06/24/2025

Building Size: 22,600 sqft

Lot Area: 12,000 sqft

Zoning: M1-2

Retail Owner-User: 56% of the property will be delivered vacant, presenting unique opportunity for an owner-user to build out a significant presence for retail, restaurant, or other commercial use.
Live / Work Owner-User: There is a free market 6 BR/3 BTH apartment on the second floor, located next to 2 vacant commercial loft spaces, perfect for an artist or other professional to live comfortably alongside their workspace.
Retail Cashflow Plus Upside: Three retail spaces on Waterbury St (29% of ground floor) have current leases in-place averaging $51/SF. Three additional spaces along desirable Grand Street corridor, including the corner piece, are vacant with projected rents in the $60-65/SF range.
Available / Unused Air Rights: The property benefits from 7,400 BSF in unused air rights for commercial use (M1-2), or 49,400 BSF in unused air rights for community facility use. This leaves the door open for further expansion or disposition down the line.
Transportation Accessibility: The Grand Street L-train stop is one block away, providing convenient access to Bedford Avenue and Union Square within 10 minutes.

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