199 Bowery, Residence 2D - Investor-Friendly, Tenant Occupied Condo Offering Strong Income
Residence 2D at 199 Bowery presents a rare opportunity to acquire a high-performing, tenantoccupied condominium in one of downtown's most dynamic neighborhoods. Currently leased at $8,300 per month, this spacious two-bedroom, two-bath home delivers immediate, reliable income with tenants responsible for gas, electric, and cable, while heat and hot water are included-a highly favorable expense structure for any investor.
This approx. 1,200 sq ft residence features a generous layout, contemporary finishes, and a coveted private terrace, offering indoor-outdoor living in the heart of Nolita/Lower East Side. The home sits within Nolita Place, a fullservice condominium known for its concierge, fitness center, and landscaped roof deck.
Key Highlights
Tenantoccupied; $8,300/month rental income
Tenants pay gas, electric, and cable
Heat and hot water included
Approx. 1,200 sq ft, 2 bedrooms, 2 bathrooms
Private terrace
Fullservice condo with amenities
Prime Bowery location near world-class dining, shopping, and transportation
A turnkey investment with strong cash flow and minimal operating obligations, Residence 2D is an exceptional opportunity for investors seeking stability, appreciation potential, and a premier downtown address.
Quick Profile
Bursting with energy at every turn, the Lower East Side is one of the most historic neighborhoods in all of Manhattan. Rooted in immigrant history, the bulk of European and Eastern European migration that occurred in the late nineteenth through the early twentieth century took place here, where the Tenement Museum remains one of the best ways to become acquainted with how early residents of the neighborhood lived.
The unique and eclectic mix of building styles--ranging from low- and high-rises to luxury and historic buildings--begins immediately upon entering the area via the Manhattan or Brooklyn Bridge, known as Two Bridges, itself a neighborhood that has also long been known for its immigrant population. With its historic district placed in the National Register of Historic Places, many of its oldest churches, such as Mariners Temple and St. James Church remain a preserved part of the district’s storied past.
While the LES has long been a hub for aspiring musicians and artists, the area has increasingly transformed its demographic as it welcomes a more affluent sect of residents with the advent of condos and luxury spaces.