Landmarked ‘Ideal Hosiery’ Building Hits the Market
To look at the southwest corner of Ludlow and Grand Streets is to witness the slow obsolescence of a longtime Lower East Side business. There stands the 1832-era Federal-style row house with that fading sign and old-school appearance; the home of Ideal Hosiery is the photographer’s dream shot.
Personally, with each exposure shot, we wonder about days left until demise in this current gold rush real estate climate. Perhaps, sooner than we’d hope, as a real estate listing for 339 Grand Street is currently making the rounds. Asking price is not disclosed.
Tzipporah Wexler is the exclusive broker on the property.
For context, the last time 339 Grand hit the market was back in 2013 for a seemingly cheap $5 million. Thanks to the outcry at the time, and landmark designation it received from the city, the historic property did not ultimately trade hands.
For this reason, the permanently preserved building is not what brokers might deem a “prime development opportunity.” Although, there are 4,200 square-feet of development rights.
It’s unclear whether Ideal Hosiery will survive any potential sale.