Prime Bowery Retail Condominium
Property Type: Retail
Location: New York, NY
Number of Units:
Square Footage: 6,500
263 Bowery, located between East Houston and Stanton Streets, is a newly constructed 7-story mixed-use condominium building with three commercial condominium units totaling approximately 6,500 square feet. The combined Basement and Ground Floor commercial unit is currently vacant, while the Second Floor commercial unit is currently in contract to be leased for a 10 year term and the Third Floor unit is currently leased through 2012.
263 Bowery presents an opportunity for a retailer to establish a ground floor presence in a vibrant neighborhood that includes an array of trendy restaurants, boutique retail shops, hotels and bars. The emergence of the Bowery neighborhood in recent years has created an exciting mixed use environment that features new residential developments, art galleries, museums, grocery stores and many nightlife options.
The building’s location on Bowery positions it not only in the heart of an exciting neighborhood, but also centrally located in the middle of Manhattan’s trendiest neighborhoods SoHo, East Village, Nolita and the Lower East Side.
The Sponsor is conveying a fee interest in the three commercial units located on the Basement/Ground, 2nd Floor and 3rd Floors. The remaining three residential condominium units on floors 4, 5, 6 and 7 have already been sold and are therefore not included in this offering.