Mysterious NYC building up for sale for first time – Business News
Manhattan’s one-time most mysterious building is up for sale for the first time in more than a decade.
RFR developer Aby Rosen, who purchased spooky 190 Bowery in a personal, off-market deal for $55 million from photographer Jay Maisel in 2015, tapped Avison Young’s James Nelson to offer the six-story property with 33,000 sq. toes of workplace space. The workplace flooring and ground-floor retail are actually 100% leased.
Maisel and his household lived principally alone within the former Germania Bank building on the Spring Street nook that went up in 1898. Its ghostly look led many — even real estate brokers — to consider it was empty.
The workplace flooring and ground-floor retail at 190 Bowery are actually 100% leased. Courtesy of RFR
Rosen modernized its systems and restored most of its Beaux Arts facade whereas preserving lower-floor graffiti as an homage to the neighborhood’s gritty previous.
No one would talk about how a lot 190 Bowery may fetch. But on condition that it was vacant when Rosen purchased it, and its workplace flooring are actually totally leased to “workplace experience” firm Industrious at a $95 per sq. foot asking rent, it’s cheap to count on a a lot greater price than the $55 million Rosen paid for it.
RFR developer Aby Rosen paid $55 million for 190 Bowery in 2015. Beowulf Sheehan
Rosen stated 190 Bowery “is one of New York’s great landmarks. We’ve restored it with enormous respect for its history and architecture. Now, for the first time, we’re inviting someone else to write its next chapter.”
Nelson beforehand repped Rosen’s 281 Park Ave. South, which is now in contract to sell for $2,000 per sq. foot — one of a number of properties his RFR has unloaded up to now few years. RFR’s present Manhattan holdings embrace the Seagram Building at 375 Park Ave., 477 Madison Ave. and 15 State St.
