- Year built
- 1989
- Type
- Condominium per publicly recorded NYC building data
- Units
- 39
- Floors
- 7
- Landmark
- No
- Amenities
- Virtual doorman, elevator; select units carry private terraces and in-unit laundry
- Financing
- Condominium framework applies — verify down-payment and lending terms against the by-laws at offer stage
173 Grand Street is a piece of the modern condominium market dropped into one of Manhattan's most historic low-rise neighborhoods. Built at the end of the 1980s, it is a seven-story, 39-unit building on Grand Street between Baxter and Mulberry — the heart of what remains of Little Italy, a block from the Mulberry Street restaurant row and steps from the Nolita retail corridor to the north. In a neighborhood whose ownership stock is dominated by pre-war tenement co-ops and cast-iron loft conversions, a purpose-built elevator condominium with terraces and a virtual doorman is a structurally different product.
The building's value proposition is location plus format. Grand Street here sits at the meeting point of three of downtown's most durable neighborhoods — Little Italy to the immediate east, Nolita to the north, and the SoHo cast-iron district a few blocks west — with the J/Z at Bowery, the 6 at Spring Street, and the B/D at Grand within easy reach. The apartments read as contemporary, not pre-war: efficient layouts, elevator access, and outdoor space on the upper floors, without the walk-up-and-fireplace character of the surrounding co-op stock.
For buyers, the thesis is a modern building in a landmark-scale neighborhood: the convenience and predictability of newer construction, wrapped in the streetscape and dining gravity of Little Italy and Nolita.
Architecture and unit composition
The building rises seven stories on Grand Street as a contemporary post-war insertion into the historic low-rise fabric around it. The upper floors set back to carry private terraces, and the corner penthouse duplex runs a wrap-around terrace with open views over the low-rise blocks — reportedly including sightlines to the landmark former Police Headquarters dome at 240 Centre Street nearby. The 39 residences run from studios of roughly 450 square feet up through one- and two-bedroom layouts in the 850-to-950-square-foot range, with select units carrying private outdoor space and in-unit laundry. This is efficient, contemporary product rather than loft-scale space — the trade is elevator convenience and outdoor space over pre-war volume.
Building operations
This is self-service boutique ownership: a virtual doorman rather than a staffed lobby, an elevator, and a common-charge budget spread across 39 owners. Buyers coming from full-service buildings should price the trade consciously — low monthly carry against package logistics and a smaller amenity base. The offering plan and by-laws should be reviewed carefully during diligence, and we obtain current building documents from the managing agent for clients at offer stage.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF |
|---|---|---|---|---|
| Mar 11, 2008 | 4A | 961 sf | $790,000 | $822/sf |
| Oct 13, 2006 | 6F | 837 sf | $620,000 | $741/sf |
Market read. Most recent trades (2008) cleared a median $822/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00236-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is a modern building in a pre-war neighborhood. The apartments are contemporary and elevator-served, not loft conversions — the appeal is newer-construction convenience in a landmark-scale streetscape. Buyers who want cast-iron volume or pre-war detail should calibrate expectations.
Outdoor space drives the top of the building. The setback upper floors and the penthouse duplex's wrap-around terrace are the scarce product here; price them against terrace-carrying comps rather than interior square footage alone.
Verify the policy stack. Pet, sublet, and financing specifics are thinly documented publicly. We verify against the offering plan and managing agent during diligence.
Mansion tax applies at the top of the range. Larger units and the penthouse cross the $1 million threshold — run the Mansion Tax Calculator at the intended price before offering.
Walk the corridor at different hours. Grand Street between Baxter and Mulberry is the working core of Little Italy — lively and restaurant-dense in the evenings. The energy is the point for some buyers and the objection for others.
What to know if you’re selling
Market the format, not just the address. A modern elevator condo with terraces is a scarce product in a neighborhood of walk-ups and lofts; position against the convenience and outdoor space, not against loft square footage.
Use adjacent-building comps. With 39 units, the building's own history is workable but thin at any given size. Boutique condo trades in Nolita and the SoHo edge are the right comparison set, adjusted for floor and terrace.
The neighborhood story is an asset. The Little Italy–Nolita seam is one of downtown's most recognizable addresses; the dining and retail gravity is a genuine marketing point for the buyer pool shopping this corridor.
Comparable buildings
If you're considering 173 Grand Street, also evaluate boutique condominium product on the SoHo–Nolita edge — smaller elevator buildings with outdoor space and contemporary layouts trading at a premium to the neighborhood's walk-up co-ops and at a discount to the large loft-conversion lofts of central SoHo. We maintain the current comparable set in The Roebling Research Library.
The Roebling Team at 173 Grand Street
The Roebling Team at Compass works Greenwich Village and the broader downtown condo market as a core practice area. We publish this building profile because boutique-condo buyers and sellers deserve building-specific intelligence — governance scale, format scarcity, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 173 Grand Street, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Greenwich Village — read The Roebling Team Guide to Greenwich Village.
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