Landmarked 339 Grand Street Back on the Market for $6M

Posted on: August 11th, 2014 at 6:03 am by

This image has been archived or removed.

339 Grand St. was built in 1832

Longtime owners of Ideal Hosiery – the Auerbach family – are apparently still looking to divest their landmark property on the Lower East Side.

Precisely around this time last year, we caught wind that 339 Grand Street was placed on the open market. Red flags were raised across the community, as this structure is one of the most intact Federal-style row houses in the city. The Auerbachs had asked a price of $5 million.

Preservationists predictably scrambled into action and somehow caught the ear of the Landmarks Preservation Commission. The 1832-era building was designated a landmark by the LPC a short time later. A record, perhaps – roughly four months.

But now, one year later, the purchase price has increased by a cool million. 339 Grand Street is presently on the block for $6 million. At least according to the stream of Craigslist postings the last few weeks (now expired).

This image has been archived or removed.

The listing trumpeted the property as a “prime development opportunity” (naturally) with plenty of air rights to boot. One problem, though. As mentioned above, 339 Grand Street is now a landmark. So potential buyers cannot simply tear down the building and erect some glass dildo on this corner. Any potential changes would first be considered by the LPC.

339 Grand Street is a Federal-style row house that was first built in 1832. Even though its storefront is not original, the building has remained as is since 1932. According to the New York Landmarks Conservancy:

333-339 Grand Street is a row house that had undergone some alterations, but still had many details intact. By 2003, the immediate neighbor at #337 had been altered to the point where it could no longer be recognized as anything historic, splintering the the row, and diminishing the character of the block.

Recent Stories

Adam Schlesinger, Fountains of Wayne Cofounder, Dies of Coronavirus Complications

Adam Schlesinger – whose infectious melodies with Fountains of Wayne, as well as That Thing You Do! endeared himself to a generation – died yesterday morning from complications due to coronavirus. The Emmy Award-winning songwriter was 52. His condition the day before yesterday was reported by his attorney of 25 years as “very sick and heavily […]

Daily Clap: Cheering for COVID-19 First Responders

Since last week, city dwellers confined at home have been applauding first responders in the fight against COVID-19. Each evening at 7:00pm, a citywide round of applause commences. Windows open, balconies fill, and hands emerge. Clapping – or banging pots and pans – for the tireless, selfless work of first responders on the front lines […]

Cuomo Shutters All NYC Playgrounds as COVID-19 Threat Intensifies

It’s finally happened, and this is why we can’t have nice things. All New York City playgrounds are closed to the public to promote “social distancing” during the COVID-19 shutdown. The order comes from Governor Andrew Cuomo, who circumvented Mayor de Blasio on the decision. Hizzoner had not yet ordered closed the playgrounds, but did […]

New 12-Story Development to Rise Across from Essex Crossing on Ludlow Street

Nevermind the pandemic at the doorstep, more development must happen on the Lower East Side. New construction permits were filed this week for a twelve-story mid-block development directly across from the International School of Photography. The property in question is 89-91 Ludlow Street, two parcels which last year changed hands for $12.3 million. The filing […]

Emergency Rehab of Burned-out 70 Mulberry Street Resumes

Chinatown, and the city at large, is increasingly becoming a ghost town, devoid of pedestrians and traffic. Yet, despite the COVID-19 shutdown, work continues at the former PS23, where a devastating five-alarm fire gutted its top floors in January. The project site is apparently considered an emergency, and granted an exception to Governor Cuomo’s executive […]