Prime Retail and Commercial Space for Lease in Manhattan’s Lower East Side
291 Grand Street N e w
y o r k ,
n e w
y o r k
1 0 0 0 2
Location Highlights • Exceptional location on the corner of Grand and Eldridge Streets. • Super high visibility location with 110+ feet of linear street frontage. • Histroic Lower East Side business district. • Easily accesible via Bus, Subway, FDR Drive, and the Manhattan Bridge. For more information, please contact owner: Optimum Properties
Ness Cohen (718) 781-2053 Abraham J. Esses (646) 450-2637
[email protected] [email protected] Prime Retail & Commercial Space for Lease 291 Grand Street, corner of Eldridge • NewYork, NewYork 10002
Site Summary
Location Details Location:
Corner of Grand & Eldridge Streets in Manhattan’s historic Lower East Side
Street Address:
291 Grand Street, New York, NY 10002
Zoning:
C6-2G Commercial
Use:
Retail & Commercial
Total Space:
Over 13,800 +/- SF
Frontage:
Wraparound with over 110 total feet and 36+ feet on Grand Street
Subdivisions:
Ground Fl 2,700 +/- SF plus Basement 3,000 +/- SF 2nd Fl 2,700 +/- SF 3rd Fl 2,700 +/- SF 4th Fl 2,700 +/- SF
Ceiling Height:
Ground Fl 14+/- ft
Utilities:
All available, including New York City water and sewer; Con Edison gas and electric; high speed Internet, phone and cable.
Major Roadways:
• FDR Drive - Grand Street Exit • Manhattan Bridge • Delancey Street
Mass Transit:
B & D Subway lines with a stop at Grand Street (less than 500ft) F Subway line with a stop at Delancy Street (Appox. 1000 feet) J, M, Z Subway lines with a stop at Essex Street (Appox. 1200 feet) 4, 6, N, Q Subway lines with a stop at Canal St (Appox. 2000 feet) M15 bus to South Ferry via Second Ave (Appox. 300 feet) M9 bus to Flatiron and City Hall (Appox. 1000 feet) M14A crosstown bus (Appox. 1000 feet) M22 bus to Battery Park City (Appox. 1200 feet)
• Williamsburg Bridge • Holland Tunnel • Canal Street
For more information, please contact Owner: Optimum Properties
Ness Cohen (718) 781-2053 Abraham J. Esses (646) 450-2637
[email protected] [email protected] Situated in the heart of one of Brooklyn’s busiest retail centers.
2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
291 Grand Street‐ Floor Plan Not to scale
‐ 36 ft‐
Basement
Eldridge St
Approx 2,700 SF
‐ 75 ft‐
Floor Plan - First Floor
Elevator For more Information, Please contact Owner:
Ness Cohen
(718) 781-2053
[email protected] GranD St Ground Floor
Abraham J. Esses
(646) 450-2637
[email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
291 Grand Street‐ Floor Plan Not to scale
‐38.5 ft‐
Ground Floor
Eldridge St
Approx 3,022 SF
‐78.5 ft‐
Floor Plan - Basement
Elevator For more Information, Please contact Owner:
Ness Cohen
(718) 781-2053
[email protected] GranD St Basement
Abraham J. Esses
(646) 450-2637
[email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
291 Grand Street‐ Floor Plan Not to scale
‐ 36 ft‐
Approx 2,700 SF
Eldridge St
‐ 75 ft‐
Floor Plan - Second Floor
Elevator For more Information, Please contact Owner:
Ness Cohen
(718) 781-2053
[email protected] GranD St Second Floor
Abraham J. Esses
(646) 450-2637
[email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
291 Grand Street‐ Floor Plan Not to scale
‐ 36 ft‐
Approx 2,700 SF
Eldridge St
‐ 75 ft‐
Floor Plan - Third Floor
Elevator For more Information, Please contact Owner:
Ness Cohen
(718) 781-2053
[email protected] GranD St Third Floor
Abraham J. Esses
(646) 450-2637
[email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
291 Grand Street‐ Floor Plan Not to scale
‐ 36 ft‐
Roof Access
Approx 2,700 SF
Eldridge St
‐ 75 ft‐
Floor Plan - Fourth Floor
Elevator For more Information, Please contact Owner:
Ness Cohen
(718) 781-2053
[email protected] Fourth Floor GranD St
Abraham J. Esses
(646) 450-2637
[email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
Prime Retail & Commercial Space for Lease 291 Grand Street, corner of Eldridge • NewYork, NewYork 10002
Aerial Views
View from the north side, showing Roosevelt Park to the right.
From the east side, the high traffic rate of the area is apparent. For more information, please contact Owner: Optimum Properties
Ness Cohen (718) 781-2053 Abraham J. Esses (646) 450-2637
[email protected] [email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
Prime Retail & Commercial Space for Lease
Gr Str and eet
291
Neighboring Businesses
291 Grand Street, corner of Eldridge • NewYork, NewYork 10002
Notable Area Businesses
• Marc Straus Art Gallery • Bank of America • Zarin Fabrics & Home • HSBC Bank • International Electric • Hong Kong Furniture • Capital One • Chase Bank
2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2
Prime Retail & Commercial Space for Lease 291 Grand Street, corner of Eldridge • NewYork, NewYork 10002
Neighborhood Summary
Lower East Side Business District
The bustling Lower East Side/Chinatown section of Manhattan is well-known for its cluster of green groceries, discount fashion outlets and textile companies. Besides the more than 200 Chinese restaurants in the area for employment, there are still some factories. The proximity of the fashion industry has kept a substantial amount of garment work in the local area though most of the garment industry has moved to China. The local garment industry now concentrates on quick production in small volumes and piece-work.
Demographics
Much of the population growth is due to immigration. Unlike most other urban Chinatowns, Manhattan's Chinatown is both a residential area as well as commercial area. Population estimates of the district go as high as 350,000 residents. According to the 2010 U.S. Census, the population in the local area continues to increase at a healthy pace.
Architecture
Architectural features that mark the neighborhood include the Kam Lau memorial archway, which was erected at Chatham Square in 1962 in memorial of the Chinese-Americans who died in World War II. A statue of Lin Xezu, a Fuzhou-based Chinese official who opposed the opium trade is also located at the square. In the 1980s, banks which opened new branches and others which were renovating started to use Chinese traditional styles for their building facades.
Land Use
Chinatown is located in Manhattan Community District Number Three, a mixed district, with a total land area of 1,077.1 acres, or 1.7 square miles. Land use in Manhattan Community District Number Three, is comprised predominantly of multi-family residential buildings at approximatley 35%, mixed residential and commercial buildings at 22%, open space/recreation at 16%, institutions at 11%, vacant land at 6%, commercial/office at 5% and transportation utility at 4%. The immediate neighborhood is characterized by four and five-story mixed use and commercial loft buildings.
Accessibility
The Chinatown area is serviced by many subway lines. The Number 6 line runs along Lafayette Street. The N, R, Q, and W lines run along Broadway, and the B and D subway lines are nearby with a stop at Grand Street, which is very close to the subject property. Buses also serve the area along Broadway and the Avenue of the Americas, and there is a cross-town bus on Canal Street. For more information, please contact Owner: Optimum Properties
Ness Cohen (718) 781-2053 Abraham J. Esses (646) 450-2637
[email protected] [email protected] 2 9 1 G r a n d S t r e e t • N e w Yo r k , N Y 1 0 0 0 2