58 BoweryNew York, NY 10013

Property Details for 58 Bowery

Year built

1923

Property size (Sq ft)

32,940 SF

Property type

Retail properties

Property subtype

Banks

Description

This exceptional Lower East Side property offers a unique investment opportunity. The 32,940 square foot, two-building complex includes a 7-story, landmarked Beaux Arts-style main building and a 2-story annex. Built in 1923, the property boasts a prominent corner location at Bowery and Canal Street, offering high visibility and foot traffic. The main building features impressive arched windows, pilasters, and a distinctive cornice. The annex is subject to a sale-leaseback agreement with HSBC, providing a 5-year lease with four 5-year extension options. The CG-1G zoning allows for multiple reconfiguration and reuse options. The property sits on an 8,804 square foot lot and presents a rare chance to acquire a piece of New York City history with significant upside potential. The sale includes both the main building and the annex, although the buyer will be responsible for separating utilities and systems. This mixed-use investment opportunity is ideal for discerning investors seeking a landmark property with strong leaseback potential. The property's historical significance and prime location make it a truly exceptional offering.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7161

Longitude

-73.9965

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].