Robert Novogratz files plans for 6 units in Lower East Side

Robert Novogratz submitted a new building construction project for a 6-unit, 9,914-square-foot residential (R-2) building at 341 Grand Street at the corner of Ludlow Street in the Lower East Side, Manhattan. The plan was filed on June 22, 2026. It calls for the construction of an 84-foot-tall, seven-story building and was filed with the New York City Department of Buildings under job number M01405104. The project is described in the filing as: construction of a seven-story residential building. The applicant is the Registered Architect Norberto Figueroa.

The plans call for retail and one apartment on the ground floor, one apartment each on floors two through five, and one duplex apartment on the sixth and mezzanine (seventh) floors.

Interior designers Robert and Cortney Novogratz bought the site for $3.9 million on March 17, 2026.

341 Grand Street

The neighborhood

In Lower East Side, The majority, or 51 percent of the 23.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 21 percent of the space. In sales, Lower East Side has near average sales volume among other neighborhoods with $639.7 million in sales volume in the last two years and is the 18th highest in Manhattan. For development, Lower East Side has near average amount of major developments among other neighborhoods and is the 28th highest in Manhattan. It had 1.2 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 10 of the 30 commercial properties representing 102,326 square feet of the 257,502 square feet. The largest owner is Alon Noy , followed by Cortney Novogratz and then Dean Galasso .
On the tax block, there was one new building construction project filed totaling 9,914 square feet. It is a six-unit, 9,914 square-foot residential (R-2) building submitted by Robert Novogratz and filed by Robert Novogratz with plans filed June 22, 2026 and it has not been permitted yet.

The Owner

The PincusCo database currently indicates that Robert and Cortney Novogratz owned at least one commercial property in New York City with 1,644 square feet and a city-determined market value of $215,000. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single retail property. It is located in Manhattan.

The surrounding

Within a 400-foot radius of 341 Grand Street, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
Of those six items, one was for major renovation including a certificate of occupancy change. It was a permit issued on April 6, 2026 for the $500,000 renovation of 9,682-square-foot residential (R-2) building with seven residential units at 60 Orchard Street.
Of those six items, five were loans above $5 million totaling $46.2 million. The most recent of the five was Malachite Group in which borrowed $12.1 million from Simmons Bank secured by the 29,465-square-foot, eight-unit mixed-use building (K4) on 314 Grand Street on May 8, 2026.

Direct link to the property ACRIS page and link to DOB NOW portal.