$6,500,000
Updated 7 years ago
Off Market

356 Bowery

Greenwich Village, Manhattan | Great Jones Street & East 4th Street

6,155 Square FeetRental Property

$6,500,000
floors5
Lot Size19'3"x108'4"
Building TypeLoft
Price Per SF
$1,056

Building Amenities

  • Voice Intercom

Property Description for 356 Bowery

Located on The Bowery between East 3rd and 4th Street, this 5 story plus lower level loft building is configured with floor through live-work lofts, ground floor retail, and a lower level bar. The building currently has signage which is leased out to Van Wagner for fifteen years fifteen years with 10% increases every 5 yrs. The retail and lower level are occupied by one tenant doing business under two names: Antik and King’s Cross, which are two of the trendiest Downtown bars and clubs. Their lease is a fraction of market at only $28/SF. Meanwhile, the average loft rents for $33/SF, which is half of market. The building is an excellent opportunity for an investor looking for long term upside in the below market rents.

Listing History for 356 Bowery

Now
07/31/2012
POM by James P. Nelson
Cushman & Wakefield
02/15/2012
$6,500,000
Initial Price by James P. Nelson
Cushman & Wakefield

Building Details for 356 Bowery

OwnershipRental Property
Building TypeLoft
Service LevelVoice Intercom
AccessWalk-up
Floors5
Learn More About the Building

Transit and Citi Bike

Subway

Bleecker St
0.16 miles
Astor Pl
0.23 miles
8 St-NYU
0.25 miles
Broadway-Lafayette St
0.25 miles
2 Av
0.25 miles

Citi Bike

E 5 St & Cooper Sq
0.08 miles
Great Jones St
0.11 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
Mitchell Levine
Cushman & Wakefield
Matthew Nickerson
Cushman & Wakefield

Greenwich Village | Manhattan

Quick Profile

Birthplace of beatniks, Greenwich Village has always been a neighborhood bursting with creativity, home to artists, poets, musicians and writers. There is a lot of foot traffic in the neighborhood, as it gives convenient access to many other neighborhoods. There are a lot of popular eateries on MacDougal Street and bars on Bleecker Street. The neighborhood has a bit of a college-town feel, due to the presence of NYU. There aren’t large chain stores here, so it isn’t really a mecca for shopaholics, but you can find interesting vintage stores and specialty boutiques.

Available housing is centered on pre-war walk-ups. You can find good deals on the quieter, tree-lined side streets, as opposed to the bustling avenues. There are pockets of brownstones and townhouses, some dating back to the early 19th century, throughout the neighborhood, as well. You will find more luxurious housing in the newer high-rise buildings on Park and Fifth Avenues.

Washington Square Park is the heart of the neighborhood. If you sit near the Arch and close your eyes, you might catch an echo of the music and social history of the Park, floating through the air. Greats like Joan Baez, Bob Dylan, and Paul Simon started their storied careers right here in Greenwich Village. Today, the Village is a celebration of diversity, where everyone is welcome.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 42397TH