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113 Bowery St
New York, NY 10002
Office Property For Sale
EXECUTIVE SUMMARY
The Corcoran Group has been retained exclusively to market 113 Bowery, New York, NY 10002 (the “Property”) for sale. A six-story building situated on the east side of Bowery between Grand and Hester Street in Lower Manhattan.
Executive Summary:
• Vacant 19,424-square-foot turnkey retail that has high ceilings, showrooms, offices, bathrooms, and storage. The sixth-floor retail has an open layout with many possibilities.
• 1 passenger elevator
• Tremendously well-maintained prewar building structure.
Potential Usage:
• Ideal for retail showroom, office, nonprofit, or gallery.
• Conversion to hotel, coworking space, art workshop, cultural centers, health clinics, & more.
Investment Highlights:
• Turnkey, move-in ready, rare vacancy in a dynamic location.
• Strong potential for repositioning and value add
• Prewarm charm with modern flexibility
Executive Summary:
• Vacant 19,424-square-foot turnkey retail that has high ceilings, showrooms, offices, bathrooms, and storage. The sixth-floor retail has an open layout with many possibilities.
• 1 passenger elevator
• Tremendously well-maintained prewar building structure.
Potential Usage:
• Ideal for retail showroom, office, nonprofit, or gallery.
• Conversion to hotel, coworking space, art workshop, cultural centers, health clinics, & more.
Investment Highlights:
• Turnkey, move-in ready, rare vacancy in a dynamic location.
• Strong potential for repositioning and value add
• Prewarm charm with modern flexibility
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,119 SF
Building Class
C
Year Built
1900
Price
$19,000,000
Price Per SF
$1,109.88
Cap Rate
4.75%
NOI
$902,500
Tenancy
Single
Building Height
6 Stories
Typical Floor Size
3,242 SF
Slab To Slab
12’
Building FAR
4.89
Lot Size
0.08 AC
Zoning
C6-1G
AMENITIES
- Banking
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 0304-0010 | Improvements Assessment | $1,283,760 |
| Land Assessment | $286,200 | Total Assessment | $1,569,960 |
PROPERTY TAXES
Parcel Number
0304-0010
Land Assessment
$286,200
Improvements Assessment
$1,283,760
Total Assessment
$1,569,960
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