212 Bowery - Storefront Retail/Residential FOR SALE


New York, NY 10012- Nolita
$6,500,000 USD
917-573-9487
212 Bowery, New York, NY for Sale
$6,500,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 5.05% Cap Rate

212 Bowery
New York, NY 10012
Nolita


HIGHLIGHTS

  • Prime Bowery/Nolita location across from the New Museum
  • 15,000 BSF with 7,775 SF of unused air rights
  • Fully leased with long-term gallery tenant in place
  • Steps from six major subway lines and retail corridors
  • Eligible for expansion under City of Yes zoning initiative

OVERVIEW

Located at the vibrant intersection of Bowery and Rivington, 212 Bowery offers a rare opportunity to acquire a classic loft-style mixed-use building in one of Manhattan’s most culturally rich corridors. This four-story asset spans 7,225 square feet on a 2,500 SF lot and includes three residential units and one expansive retail gallery space. With an asking price of $7.5 million and a net operating income of $327,953, the property presents a compelling investment with stable in-place tenancy and long-term upside. The building benefits from 15,000 buildable square feet, including 7,775 SF of unused air rights, which are eligible for development under the City of Yes zoning initiative. This unlocks significant potential for vertical expansion or redevelopment in a neighborhood known for its architectural creativity and artistic energy. The retail space is currently leased to a gallery through July 2027, while the residential units feature open loft layouts with outdoor space and natural light, appealing to creative professionals and boutique office users. Positioned directly across from the New Museum and steps from the B, D, F, M, R, and W subway lines, the property enjoys unmatched connectivity and foot traffic. The surrounding Nolita and Lower East Side districts are home to a dynamic mix of fashion retailers, design studios, and culinary destinations, making 212 Bowery an ideal candidate for a flagship gallery, creative headquarters, or boutique development.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$900 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C6-1

APN/PARCEL ID

0492-0029

ASK ABOUT THIS PROPERTY

Emma JenneyVeseyMore Info
917-573-9487

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Emma JenneyVeseyMore Info
917-573-9487

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