207 Bowery - Apartments FOR SALE


New York, NY 10002- Bowery
$19,500,000 USD
212-660-7706
207 Bowery, New York, NY for Sale
$19,500,000 USD
Apartments - FOR SALE
1/6
null | 4.88% Cap Rate

207 Bowery
New York, NY 10002
Bowery


HIGHLIGHTS

  • ~20,658 SF mixed-use elevator building featuring a fully built-out restaurant and six floor-through apartments.
  • Prime Lower East Side location on Bowery between Delancey and Rivington with strong surrounding retail, hospitality, and residential demand.
  • Restaurant spans the ground floor and lower level with multiple dining areas, private rooms, office space, 4 bathrooms, and 13.5' ceiling heights.
  • Residential units offer direct elevator access, central air, washer/dryers, outdoor space, and efficient multi-bedroom layouts.
  • Building was gut-renovated and expanded in 2004, including foundation excavation to maximize retail usability.

OVERVIEW

Cushman & Wakefield is pleased to announce it has been retained on an exclusive basis to arrange the sale of 207 Bowery. This ~20,658 square foot mixed-use elevator building is located on the east side of Bowery between Delancey and Rivington Streets in the Lower East Side neighborhood of Manhattan. The building consists of a fully built out restaurant on the ground floor and lower level and six floor through apartments on floors 2-7. The restaurant has a kitchen, office, 4 bathrooms, three main dining areas and two private dining rooms. There are 13.5’ ceiling heights on the lower level of the restaurant with an ADA compliant elevator. The 2nd floor apartment will have 5 bedrooms and 3 bathrooms. The 3rd floor apartment will have has The 4th floor apartment has 4 bedrooms and 2 bathrooms with ~496 SF of outdoor space. The 5th floor has 4 bedrooms and 2 bathrooms with ~496 SF of outdoor space. The 6th floor apartment has 4 bedrooms and 2 bathrooms with ~76 SF of outdoor space. The 7th floor has 14’ ceiling heights in the living room, 5 bedrooms, 3 bathrooms and ~460 SF of outdoor space. The original building was a 4-story commercial building that was gutted and extended an additional 3 stories in 2004. The foundation was dug out during the enlargement of the building to maximize the usable space in the retail. All units in the building have central air conditioning, washer/dryers, direct elevator access to the units, outdoor space, and good ceiling heights. The property is centrally located at the intersection of the LES and Nolita. Neighbors include the Bowery Supreme store, CitizenM Hotel, Unititled, Freemans Alley, The Moxy, Sohotel, Vince, Marine Layer, Everlane, Prince Street Pizza, Tacombi, Black See Bagels, The Butcher’s Daughter, Ray’s, along with many more restaurants and shops. It is half a block from the Bowery J/Z Station, four blocks to the Spring St 6 Station, four blocks to the Grand Street B/D Station and five blocks to the 2nd Avenue F Station.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$942 USD /SF

# OF UNITS

7

PRICE/UNIT

$2,785,714

CAP RATE

4.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C6-1, Manhattan, (K9

APN/PARCEL ID

0425-0013

ASK ABOUT THIS PROPERTY

Bryan HurleyCushman & WakefieldMore Info
212-660-7706

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Bryan HurleyCushman & WakefieldMore Info
212-660-7706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.