Century and A Half-Old Wood Frame House on Grand Street on the Market for $5.4M
The People would most likely choose a lesser price tag, but so it goes for $5.4 million.
Along the gateway to Grand Street stands number 527, a three-story frame house, currently home to beloved People Choice Pharmacy, a Mom-and-Pop shop for the ‘hood. The folks at People, currently on a month-to-month lease, cater to Lower East Side diversity with trilingual appeal: Chinese, Spanish and English. This area is also Sheldon Silver’s stomping grounds, where you can still find the area’s vanishing Jewish roots, from kosher butchers and bakers to the Bialystoker Synagogue and even a Mikva.
Yet, this historic structure has lived through generations of city life, and dates back to 1857.
For good measure, a picture of 527 Grand in 1999 from the NYPL digital collection with the Twin Towers…
Now that Cushman & Wakefield has its hooks in the disappearing authentic blocks of the Lower East Side, well, let’s just hope for the best. The potential sale certainly has some neighbors worried about what it might mean for the community at large.
The property hit the market a few months ago for $5.4 million. And with air rights intact, the building appears pitched as a potential development opportunity.