104 Grand Street, tí a tún mọ̀ sí 39 Mercer Street, jẹ́ ilé aládàapọ̀ lílo márùn-ún, pẹ̀lú ilẹ̀ abẹ́lẹ̀, tí ó wà ní igun ariwa-ìwọ̀-oòrùn Grand àti Mercer Streets ní SoHo. Ilé náà ní tó 7,500 SF lapapọ̀, ó sì ń ṣàkópọ̀ owó-wíwọlé ilé ìtajà tó ti ń wọlé pẹ̀lú àyè ibùgbé tí a máa fi sílẹ̀ ní òfo.

Ilẹ̀ ìsàlẹ̀ àti ilẹ̀ abẹ́lẹ̀ ni a yá fún Courrèges, ilé aṣọ olówó-ńlá ilẹ̀ Faransé tí Groupe Artémis ti ìdílé Pinault ní ní kíkún. Ilẹ̀ kejì ni a ṣètò gẹ́gẹ́ bí àpáta ibùgbé, nígbà tí ilẹ̀ kẹta sí ilẹ̀ karùn-ún ń lò pọ̀ gẹ́gẹ́ bí ilé ibùgbé alájà mẹ́ta kan.

A ń fúnni ní 104 Grand Street gẹ́gẹ́ bí rírà ilé náà lápapọ̀, nínú ọ̀kan lára àwọn ọ̀nà ìtajà àti ibùgbé tí a ti dá sílẹ̀ ní SoHo. Jọ̀wọ́ fi ímeèlì ránṣẹ́ fún àkójọpọ̀ ìlànà ilé náà ní kíkún.

ÀMÚLÒ ÀTI ITÀN ÀṢÀ ILÉ

A parí ilé náà ní ìgbà tó sún mọ́ ọdún 1893, Julius Kastner, ayàwòrán ilé, ló ṣe àpẹẹrẹ rẹ̀. 104 Grand Street jẹ́ ilé igun SoHo alájà márùn-ún tí ó ní àwọn àlàyé biriki, òkúta àti irin tí a dà, pẹ̀lú ipa àṣà Queen Anne àti Romanesque Revival. Àbùdá ilé náà ń fi hàn pé ó jẹ́ apá kan nínú àṣà ìkọ́lé àgbà ti agbègbè SoHo tí a ti dáàbò bo fún àwọn ilé irin tí a dà.

ÀKÓJỌ́ ÀǸFÀÀNÍ ÌṢÈMÍ

01 Igun Grand & Mercer
Ìní ilé náà lápapọ̀ ní igun ariwa-ìwọ̀-oòrùn Grand àti Mercer Streets ní SoHo.

02 Àyálégbé Ilé Ìtajà Courrèges
Ilẹ̀ ìsàlẹ̀ àti ilẹ̀ abẹ́lẹ̀ ni a yá fún Courrèges, èyí tí ń pèsè owó-wíwọlé ilé ìtajà tó ti ń wọlé.

03 Apá Ibùgbé Tí Ó Ṣofo
Gbogbo àyè ibùgbé—tí ó ní àpáta ilẹ̀ kejì àti ilé alájà mẹ́ta tó wà láti ilẹ̀ kẹta dé ilẹ̀ karùn-ún—ni a máa fi sílẹ̀ ní òfo.

04 Àwọn Ilẹ̀ Òkè Tí A Tún Ṣe
A ti tún inú àwọn àyè ibùgbé ṣe lọ́nà pàtàkì.

05 Ìní Ilé Náà Lápapọ̀
Ó fẹ́rẹ̀ẹ́ tó 7,500 SF wà lábẹ́ onílé kan ṣoṣo, láti ilẹ̀ abẹ́lẹ̀ dé ilẹ̀ karùn-ún.

06 Ibi tí SoHo Wà
Ó wà nínú ọ̀kan lára àwọn ọ̀nà ìtajà olówó-ńlá tí Manhattan ti dá sílẹ̀.

OWÓ-WÍWỌLÉ ILÉ ÌTAJÀ TÓ TI Ń WỌLÉ:

ALÁYÁ: Courrèges

ÀYÈ: Tó fẹ́rẹ̀ẹ́ tó 1,053 SF Ilẹ̀ Ìsàlẹ̀ + tó fẹ́rẹ̀ẹ́ tó 1,200 SF Ilẹ̀ Abẹ́lẹ̀ (net/usable)

OWÓ YÁÀ ÁṢÁ LỌ́DÚN TÓ Ń ṢE BAYÌÍ: Tó fẹ́rẹ̀ẹ́ tó $498,284

ÌBẸ̀RẸ̀ OWÓ YÍYÁ: 4/17/2022

ÌPARÍ ÀDÉHÙN YÍYÁ: 4/30/2032

ÌSANPADÀ OWÓ OWO-ORI: 60% ti ìdàgbàsókè owó-ori ohun-ìní gidi ju ọdún ìpìlẹ̀ 2021/22 lọ

Àpẹẹrẹ OWÓ-WÍWỌLÉ IBÙGBÉ TÍ A TI DÁDÚRÓ: OṢÙWỌ̀DÚN

| Ilẹ̀ | Oṣù | Ọdún |
|---|---:|---:|
| Ilẹ̀ kejì | $13,750 | $165,000 |
| Ilẹ̀ kẹta | $13,500 | $162,000 |
| Ilẹ̀ kẹrin | $13,250 | $159,000 |
| Ilẹ̀ karùn-ún | $13,000 | $156,000 |
| Àpapọ̀ | $53,500 | $642,000 |

Ní báyìí, a ti ṣètò ilẹ̀ kẹta sí karùn-ún gẹ́gẹ́ bí ilé ibùgbé alájà mẹ́ta kan. Àwọn ìṣírò owó yíyá fún ilẹ̀ kọ̀ọ̀kan jẹ́ àpẹẹrẹ, wọ́n sì gbékalẹ̀ lórí àtúnṣètò sí àwọn ẹ̀ka ibùgbé ọ̀tọ̀ọ̀tọ̀ àti ìyípadà èyíkéyìí tó bá yẹ ti lílo JLWQ tó wà sí lílo ibùgbé, gẹ́gẹ́ bí àwọn ìfọwọ́sí àti ohun tí a béèrè tó wúlò. Àwọn ẹni tó ń ronú láti rà gbọ́dọ̀ fìdí lílo tó bófin mu àti iye ènìyàn tí a lè gbé sínú ilé náà múlẹ̀ fúnra wọn.

104 Grand Street, also known as 39 Mercer Street, is a five-story mixed-use building, plus basement, on the northwest corner of Grand and Mercer Streets in SoHo. The building is approximately 7,500 gross SF, combining in-place retail income with residential space delivered vacant.
The ground floor and basement are leased to Courrèges, the French luxury fashion house wholly owned by the Pinault family's Groupe Artémis. The second floor is configured as a residential apartment, and the third through fifth floors are currently used together as a single residential triplex.
104 Grand Street is offered as a full-building acquisition within one of SoHo's established retail and residential corridors. Please email for a full building set-up.

ARCHITECTURAL CHARACTER & HISTORY Originally completed circa 1893 and designed by architect Julius Kastner, 104 Grand Street is a five-story SoHo corner building featuring brick, stone and cast-iron detailing with Queen Anne and Romanesque Revival influences. The building's character reflects the historic fabric of SoHo's landmarked cast-iron district.

INVESTMENT HIGHLIGHTS

01 Grand & Mercer Corner Full-building ownership at the northwest corner of Grand and Mercer Streets in SoHo.
02 Courrèges Retail Tenancy Ground floor and basement leased to Courrèges, providing in-place retail income.
03 Vacant Residential Component All residential space, comprising a second-floor apartment and a third-through-fifth-floor triplex, delivered vacant.
04 Renovated Upper Floors Residential interiors have been substantially renovated.
05 Full-Building Ownership Approximately 7,500 SF under single ownership, from basement through fifth floor.
06 SoHo Location Positioned within one of Manhattan's established luxury retail corridors.

IN-PLACE RETAIL INCOME:

TENANT: Courrèges
PREMISES Approx.: 1,053 SF Ground Floor + Approx. 1,200 SF Basement (net/usable)
CURRENT ANNUAL BASE RENT: Approx. $498,284
RENT COMMENCEMENT: 4/17/2022
LEASE EXPIRATION: 4/30/2032
TAX REIMBURSEMENT: 60% of RE tax increases over the 2021/22 base year

ILLUSTRATIVE STABILIZED RESIDENTIAL REVENUE MONTHLY ANNUAL:

Monthly/Annual
2nd Floor $13,750 $165,000
3rd Floor $13,500 $162,000
4th Floor $13,250 $159,000
5th Floor $13,000 $156,000
Total $53,500 $642,000

Floors 3-5 are currently configured as a single residential triplex. Per-floor rental estimates are illustrative and assume reconfiguration into separate residential units and any required conversion of the existing JLWQ use to residential use, subject to applicable approvals and requirements. Prospective purchasers should independently verify permitted use and occupancy.