75 Grand Street

The five buildings read as one blockfront but are five designs. 85–87 Grand, the 1872 corner building by William Hume, has cast-iron facades on both Grand and Greene Streets — six structural bays on Grand, twelve on Greene — and floors that the plan's architect's survey measured at about 4,970 gross square feet each, with one freight elevator from cellar to fifth floor at the time of the offering. 83 Grand was added in 1883 as its extension, also by Hume. 81 Grand (1885) and 79 Grand (1889–90) are narrower store buildings. 75–77 Grand, the youngest at 1907, carries a cast-iron front from the George H. Toop Iron Works.

Because the plan sold whole floors building by building, apartment sizes vary widely — from narrow-building floors the plan's survey measured at under 2,000 gross square feet to full corner floors near 5,000. DOB filings show the usual loft renovation record: new partitions and kitchens, sleeping lofts, rooftop mechanical equipment. They also show a mix of occupancy language. A 2018 filing for the fourth floor of 75–77 Grand describes the work as renovation of joint living-work quarters, the artist-occupancy category (JLWQA) that governed SoHo residential use before the 2021 rezoning; a 2012 filing at 81 Grand describes an existing Class A residential unit. Classification can differ floor by floor.

Capital work on record. DOB filings show facade repairs to the cast iron, masonry and fire escapes in 2005 under sidewalk sheds across all five buildings; parapet and roof-perimeter waterproofing in 2010; sidewalk vault and step replacement in 2009; and a larger program at 85–87 Grand in 2014–16 covering new exterior stairs, a wheelchair lift, an elevator-shaft renovation and sprinkler work. The buildings are six stories or fewer and do not appear in the city's facade inspection (FISP) filings.

Underlying mortgage. ACRIS shows the corporation refinancing with a cooperative lender in June 2025 — a $1.4 million mortgage and a $500,000 facility, with the prior loans satisfied at the same time. Relative to 26 apartments and a commercial rent roll, that is light leverage. Confirm the terms and maturity in the financial statements.

J-51. DOF's historical J-51 file shows a single abatement starting in 1980 on about $178,600 of qualifying work, running through the 1990 tax year. No J-51 benefit appears on the lot since; check the apartment's tax bill for any current abatement.

Loft Law. DOB filings for the property flag it as not under Loft Board jurisdiction, and nothing in the public record indicates an Interim Multiple Dwelling registration.

Corporation-held space. ACRIS records Grand Loft Corp. itself as the seller on several share transfers to existing shareholders between 2014 and 2017. That is the usual pattern when a co-op sells space it holds — roof rights, common areas — to adjoining shareholders. Ask the managing agent what was sold and how the proceeds were used.

Board package and interview. A purchaser buys shares allocated to a unit and a proprietary lease, subject to board approval after a full package and interview.

Commercial units. Five commercial units sit inside the cooperative and trade as shares. Their share allocation, maintenance and permitted uses affect the building's income and should be read in the financials.

Financing, liquidity, sublets, pied-à-terre, trusts and the flip tax. The reviewed material does not establish these current terms; the 1975 plan's age alone does not make its provisions inoperative. The financing ceiling, post-closing liquidity requirement, sublet policy, flip tax, pied-à-terre and trust or LLC ownership rules all come from the managing agent. Get them in writing before the offer.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $2,133/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 6.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00229-0022). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

Settle the occupancy status of your unit. Ask whether the floor is carried as JLWQA or as unrestricted residential on the current certificate of occupancy. The conversion route generally requires City Planning certification, the applicable Arts Fund contribution, code-compliant work and an updated certificate of occupancy. Separately, state law extends artist-occupancy eligibility to permanent occupants whose residence began on or before December 15, 2021. Have counsel establish the current unit classification, occupant eligibility and any conversion requirements; these affect lawful occupancy as well as resale and financing.

Know which building you are buying into. Five buildings means five sets of structure, systems and exterior conditions. A floor at 79 Grand and a floor at 85–87 Grand share a board and a budget, not a structure.

Read the commercial line. Ground-floor commercial units make up a meaningful share of the lot's area. Their maintenance contribution is part of your carrying-cost picture.

Respect the landmark. Window, storefront and rooftop alterations generally require LPC approval; staff approval may be available depending on scope, so confirm the appropriate permit.

Lead with the floor plate and the building. A full loft floor in an 1870s or 1880s cast-iron building in the original 1973 historic district is the product; say which building and what the floor measures.

Have the legal file ready. Certificate of occupancy status, the JLWQA question, the financials and the 2025 refinancing terms. A buyer's attorney will ask for all of it.

Be accurate about the history. Five buildings from 1872 to 1907, a co-op since 1975–76 — not 1915, as PLUTO has it.

If you're considering 75 Grand Street, also evaluate:

• 33 Greene Street — 1873 cast-iron cooperative at 80–88 Grand, directly across Grand Street at the Greene corner; the nearest loft co-op comparison
• 14 Wooster Street — six-residence 1903 loft co-op on the same block, with full-floor plates
• 20 Greene Street — 1880 cast-iron loft converted to a ten-residence condominium, across Greene Street below Grand
• 10 Greene Street — four-residence 1869 cast-iron loft condominium near Canal Street
• 47 Greene Street — four-residence cast-iron loft conversion on Greene
• 74 Grand Street — five-residence condominium behind an 1886 cast-iron front, across Grand Street on the same block
• 22 Mercer Street — 16-residence cast-iron loft condominium one block east
• 43 Wooster Street — ten-residence loft condominium in an 1885 store-and-loft building