New York City · Commercial sale
Artifact No. 224 buys 165 Grand Street in Manhattan for $28 million
An office building at 165 Grand Street, Manhattan sold for $28,000,000 on July 24, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $28,000,000
- Sold
- July 24, 2026
- Property type
- Office building
- Building area
- 44,034 sq ft
- Price per sq ft
- $636
- Year built
- 1848
The office building at 165 Grand Street sold for $28,000,000 on July 24, 2026, according to the New York City Department of Finance's ACRIS property records. The sale price is 3.3 times the $8,553,000 market value on record, the records show.
The record lists Artifact No. 224 LLC as the buyer and 224 Centre Realty LLC as the seller.
New York City Department of Finance records show 44,034 square feet of building area, a 1848 construction date and a 7,641-square-foot lot. The price works out to $636 per square foot.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $735,000 for the nYC real property transfer tax (commercial/other) and $112,000 for the nY State real estate transfer tax. The seller's estimated net is $27,512,797 before brokerage commissions and any loan payoff. A cash buyer would need about $28,520,749 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026080600242006. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
