355 Grand Street is for Sale

Posted on: December 16th, 2011 at 6:41 am by

Reading real estate listings every day, we still cringe at the oft-included sentence “can be delivered vacant.” It’s seemingly the broker’s favorite phrase, and always a slap in the face for those residents and commercial business based in any given building.  Sorta like – you’ve lived here for X number of years, but sorry, we gotta make more cash.  Such is the case with 355 Grand Street (aka 51 Essex).

This image has been archived or removed.

The unique 3,200 square-foot corner property, which houses Flowers Cafe and Vic’s Pizza on the ground level, just hit the open market the other day. This “prime mixed-use” opportunity carries with it a price tag of$4.5 million.  According to a press release:

The asking price for the property is $4,500,000. The building is 3,200 square feet and is located on a 1,173-square-foot lot. It has approximately 7,061 total buildable square feet.

The three-story property is comprised of two retail stores, one 2-bedroom apartment and one 1-bedroom apartment with outdoor space. The retail tenants pay their own heat and hot water. The building is equipped with a four year old boiler. All units in the property are currently leased. The building can be delivered vacant in just over a year.

Here’s hoping Flowers and Vic’s can hold on…

UPDATE: A broker for the property says that “the building’s commercial tenants have agreed to leave for $200,000, which is how it can be delivered vacant.”

Recent Stories

Chinatown Asks, Where’s the Beef? [OP-ED]

In scenes reminiscent of life in the Soviet Union during the Cold War, where long lines were the norm for basic necessities and food, the past couple weeks of coronavirus quarantine have shown a crack here at home. Despite federal and state leaders’ calls to remain calm and reassurances that there are bountiful supplies of meat, vegetables and […]

The Crazy Line Outside Trader Joe’s on Grand Street

This is the queue outside Trader Joe’s on Grand Street. Distanced six feet apart, the line of shoppers snaked around onto Clinton Street and up to Broome. It’s a scene that plays out daily amidst the COVID-19 shutdown, as residents scramble for groceries. We were told that management allows a store occupancy of fifty to […]

DOB Unveils Real-Time Map Plotting Essential and Emergency Construction Sites

At the end of March, Governor Cuomo froze almost all construction projects statewide in response to the fast-moving COVID-19 pandemic and its infection of 19 workers around the city. Only essential projects are granted a pass – infrastructure and transportation projects, emergency repairs, hospital building, and work on affordable housing. It is these exception jobs […]

Pickle Guys to Close Next Week, Hope to Reopen in May

Some sour news indeed for Lower East Siders: The Pickle Guys are going on hiatus. Indefinitely. The brine stalwarts of Grand Street announced the closure due to the COVID-19 pandemic, which also coincides with the Jewish holiday of Passover. The pickle peeps hope to return at the beginning of May. The store will remain open […]

Straphanger at East Broadway Station Chases Down Mugger to Retrieve his Wallet

Criminals are still out there, in spite of the COVID-19 lockdown. Especially in the largely empty subway stations. East Broadway station again lives up to its dangerous reputation with a mugging there last week. According to police, a man entered the station at Rutgers Street and East Broadway at 8:45pm on March 24 to purchase […]