577 Grand St

A midcentury cooperative on Manhattan’s Lower East Side, completed in 1955 and rising 20 stories with just 21 residences, the property reads as a large-building complex in scale while maintaining a low-density apartment count. Units are primarily multi-bedroom layouts with eat-in kitchens, entrance foyers and balconies or other small private outdoor spaces. Many homes feature parquet or hardwood floors, windowed baths, plentiful closets and corner exposures that capture East River and downtown skyline panoramas. The building’s exterior settings include gated private parks, a courtyard and planted gardens that frame the property and connect residents to nearby East River Park. Common areas are substantial: a 24-hour attended lobby, a fully equipped fitness center, children’s playroom, community room, package room, laundry and dedicated maintenance and security staff. Additional practical amenities include bike and storage rooms, limited parking availability for a fee, emergency backup power for water and lighting, and in-building play and recreation spaces with access to adjacent basketball courts and ball fields. Policies reflect a cooperative governance model with restrictions: dogs are commonly prohibited, subletting is allowed only after a waiting period and board approvals apply; gifting, guarantors and co-purchase arrangements are frequently permitted. The location is transit-rich (multiple bus routes and nearby F/J/M/Z trains) and sits within walking distance of East River Park, neighborhood markets, cafes and the newer Essex Crossing retail amenities.