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261 Bowery
261 Bowery, New York, NY 10002, USA
Available Now
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FOR SALEMixed Use / Multifamily + Retail
Cap Rate
6.71%
Building Size
4,922SF
APN
0427-0009
Lot Size
0.06AC
Year Built
1910
Zoning
C6-1
Listing Contacts
More property details
Tenancy
Multi Tenant
Currently Leased
No
Investment
Owner User
Sale Type
Investment Sale
Property Class
C
No of Buildings
1
No of Stories
3
Units
3
Features & amenities
Location Amenities
Metro/Subway
Public Transportation
Commuter Rail
Airport
Site Amenities
Elevator
Restrooms
Storage Facilities
Controlled Access
Unit Amenities
Air Conditioning
Central Heating
Microwave
Kitchen
Refrigerator
Location
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261 Bowery
About the location
A rare opportunity to acquire a fully renovated, luxury 3-story mixed-use building in the heart of Bowery/Nolita, one of Manhattan’s most dynamic and desirable neighborhoods. This exceptional property offers a total of 15,000 BSF, with ~5,000 SF above grade and an additional 10,000 SF of unused air rights, providing significant upside for future vertical expansion.
The building features high-end luxury apartments with private outdoor decks, perfectly designed for discerning tenants, and a large street-level retail space ideal for an owner-user or investor. Positioned directly behind the iconic Public Hotel, the property benefits from premium visibility and foot traffic.
Location highlights
- Tax Class 1 – Favorable tax structure
- 6.5% Cap Rate – Strong income-generating asset
- Steps to major subway lines (B, D, F, M, R, W) and national retailers
- Situated in the heart of Bowery/Nolita – High-demand location