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138 Grand Street, #PH6E

$7,995,000 ($1,812 per ft2) | Studio, 1 bath | Approx. 4,412 ft2
97 days on Market

Key Details

  • Listed: Aug 30, 2022
    Days on Market: 97
    Building Type: Cooperative
    Neighborhood: SoHo (Manhattan)
    Listing viewed 348 times
Monthly Maintenance: $8,600 ($1.95/ft2)
Total Taxes & Fees: $8,600 ($1.95/ft2)
Est. Monthly Mortgage: $40,849
Total Est. Monthly Carrying Cost: $49,449 ($11.21/ft2)
Note: the above is based on a down payment of 20% ($1,599,000), which is the minimum amount permitted by the building.

Description

Awe-inspiring and authentic artist’s penthouse loft located on one of the best and least commercial blocks remaining in SoHo, this may be one of the last of its kind. Penthouse 6E at 138 Grand Street presents an extremely rare opportunity for a discerning buyer to purchase raw artist’s space and is being made available for the first time in almost 50 years. The longtime studio of a world-renowned artist, PH6E offers over 4400 square feet of OPEN SPACE and LIGHT and offers a one-of-a-kind opportunity to create an outstanding living/working space from a blank canvas.

The right buyer has a free hand to completely customize this magnificent space to their own specifications. Roof rights are included in the purchase price.

138 Grand Street is SoHo’s premier Cast-Iron Artist’s Loft building, and PH6E is one of its brightest, most spacious lofts. Superbly located at the crossroads of Nolita and SoHo on the cobblestoned corner of Crosby & Grand Streets, 138 Grand Street is mainly owner-occupied by accomplished working creatives, one of the very few remaining addresses in New York City that retains this kind of significant artistic and architectural provenance.

This colossal loft’s dimensions are almost 50 feet wide by 100 feet deep, with a 20-foot-inclined ceiling and original details.

An Artists In Residence building, the unit does not require A.I.R. Certification. Giant, quiet, and flooded with sunlight.

The loft features North, South, and East exposures, and enjoys views of the World Trade Center, 56 Leonard Street (the Jenga Tower) and the Centre Street Police Building, in addition to classic Soho cityscape views. A space like nothing else, the North wall provides almost 50 feet of oversized windows, while the South wall boasts giant skylights.

Built in 1890, 138 Grand Street represents the height of industrial design standards from the period. This majestic building is comprised of 17 original lofts with warehouse-like proportions and preserved historic detail throughout, including soaring ceilings, massive elevators, a stately iron-crested cupola, and a spectacular mansard roof.

Beautifully maintained original industrial features throughout and sublime location. Flip tax paid by the buyer. Showings by appointment only.

Additional Details:

Entrance At 138 Grand Street
47.7 Feet Wide, 99.9 Feet Deep & 20-Foot-High Inclined Ceiling
Roof Rights transfer with the unit.

Board approval on any renovations is required
Massive Skylights and Windows
Sun Drenched North, East and South Exposures
Exposed Brick Walls and Original Wood Columns and Floors
Full Time Superintendent
Skyline, World Trade Center, 56 Leonard and Police Building Views
Extremely Quiet
Live/Work, Pets Allowed, Key-Locked Elevator
Landmarked Building

Please Note: Some Photographs Are Virtual Renderings

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Listing Agent (Seller's Representative)

Pricing History

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About 138 Grand Street

66

138 Grand Street has received a CityRealty Rating of 66, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
24
Out of 36
+
11
Out of 39
+
8
=
66
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
Poorly Done 0 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Pre War
  • Central AC
  • Intercom
  • Elevator
  • Landmarked

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Pros
  • One of more imposing cast-iron buildings in historic district
  • Some skylights
  • Large living/studio areas
  • High ceilings
  • Close to Subway
Cons
  • No doorman
  • No balconies
  • No fitness center
  • No concierge
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Subways

  1. J
  2. Z
  3. N
  4. Q
  5. R
  6. 6
at Lafayette 0.12 miles
  1. A
  2. C
  3. E
at Thompson 0.31 miles
  1. B
  2. D
at Chrystie 0.33 miles
  1. M
  2. F
at Houston 0.38 miles
  1. 1
at Varick 0.40 miles
Listing provided courtesy of Douglas Elliman - Manhattan