101 Bowery | New York, NY
Market Price
101 Bowery, New York, NY 10002
For Sale
Mixed Use
Unknown Sub Type
Active
Last Updated: 10/02/2024
Highlights:
- Value Add Opportunity
- Projected NOI: $1.2 Million
- Supply Constrained Use
- Certificate of Non-Harassment Process Underway
Description:
101 Bowery is a 5-story building in the heart of Manhattan's Chinatown between Grand Street and Hester Street. The ground floor convenience store is owner-occupied. Floors 2-5 are designated SRO (single room occupancy) and have been vacant since June of 2020. The certificate of occupancy allows for 161 cubicles making 101 Bowery an excellent opportunity for a hotel/hostel operator to take advantage of the increased demand and limited supply of quality affordable lodging in Manhattan. The process of obtaining a certificate of need is underway and is expected to be completed in the coming months.
Documents:
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Offering Memorandum
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Location
Gallery
