The market has a rich history, it is one of the oldest, if not the oldest active market in NYC. It is the only market with a social good mission, as it solely exists for the purpose, raising funds for the four neighboring public schools, benefiting over 4,000 children. The Parents Association from schools: PS 87, The Computer School, PS 334 (Anderson Program), and PS 452 are the custodians. The funds raised from the market make a world difference to the schools as they are used for art enrichment programs, teaching assistants in the classrooms, books, supplies, chess and sports programs, and many other activities that enhance the child’s experiences in a public school setting.
The original market had its humble beginnings in 1982 when a group of parents wanted to supplement the fund raising for the school with a weekend ‘yard sale’. The market became wildly successful and GreenFlea Market was created in 1985 to ensure the continuity of the operations of the market as parents and students ‘aged out’ of the schools. The GreenFlea Market has seen many changes over the past 30+ years. In the summer of 2016 the market changed its name to "Grand Bazaar NYC" to reflect the current times, and to set a new and bigger direction.
Today the market is also the largest curated and most distinctive market in NYC, with over 43,000 square feet of indoor and outdoor space.