This bankruptcy sale presents a unique opportunity to acquire a mixed-use property at 26 Bowery in Manhattan's vibrant Chinatown. The 13,727 square foot, five-story walk-up building boasts a prominent 23-foot frontage on Bowery Street, a location experiencing high foot traffic and approximately 18,000 vehicles daily. The property, built in 1920, is currently vacant and zoned C6-1, presenting significant potential for substantial rehabilitation. The building comprises three floors of retail/commercial space (formerly occupied by a McDonald's), spanning the basement, ground floor, and second floor. Residential units occupy the third through fifth floors, totaling five units. This prime location offers excellent public transportation access, with nearby B, D, 4, 6, J, and Z subway lines. The lot size is 2,342 square feet, and available air rights total 2,487 square feet. The asking price is $3,750,000, with a price per square foot of $273.18. The auction is scheduled for October 31, 2024, at 2:30 PM Eastern Time, with a bid deadline of October 30, 2024, at 5:00 PM Eastern Time. The opening bid is $3,750,000, subject to bankruptcy court approval. Don't miss this chance to own a piece of Manhattan's history and capitalize on its future potential.
Highlights
$3,750,000 asking price for this mixed-use property.
13,727 square feet, with a price per square foot of $273.18.
Five-story walk-up building, constructed in 1920, containing 1 building on a 2,342 square foot lot.
C6-1 zoning.
2,487 square feet of available air rights.
Located at 26 Bowery, New York, NY 10013, in the heart of Chinatown, with 23 feet of frontage.
Property Details
for 26 Bowery
Property type
Retail properties, Restaurants
Square Feet
13,727 SF
Year Built
1920
Buildings
1
Stories
5
Location Insight
City
New York
County
New York
State
New York
Latitude
40.71496
Longitude
-73.9972751
26 Bowery, New York, New York
Nearby Similar for Sale
For Sale
$6,100,000
Midtown Mixed-Use Investment
Prime Midtown location, high NOI, strong potential.
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Contacts
Greg Corbin
Visit Broker Website
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26 Bowery, New York, New York, 10013
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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26 Bowery
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