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195 Bowery
New York, NY 10002
Multifamily Property For Sale
·
16 Units
Investment Highlights
- The Loan provides investors the ability to potentially step into the ownership position of a fully occupied retail condo at an attractive basis.
- The premier location is surrounded by premium retailers, including Bloomingdales, Supreme, Zara, and Uniqlo.
- The Property is currently 100% occupied by a preeminent art gallery, generating stable cash flow.
- The Property is situated within a four-block radius of four subway stations that provides access to the Bronx, Manhattan, Queens, and Brooklyn.
Loan Details
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
Maturity Default
First
$1,934,928
$2,100,000
8/10/2023
1 Months
Maturity Default
First
$1,934,928
$2,100,000
8/10/2023
1 Months
-32 Months
4.50%
Fixed
Yes
No
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
-32 Months
4.50%
Fixed
Yes
No
Property Facts
| Sale Condition | Auction Sale | Building Class | B |
| Type of Ownership | Fee Simple | Lot Size | 0.19 AC |
| No. Units | 16 | Building Size | 102,614 SF |
| Property Type | Multifamily | No. Stories | 16 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Hi-Rise | APN / Parcel ID | 0425-1003 |
| Zoning | C6-1 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 102,614 SF |
| No. Stories | 16 |
| Year Built | 1900 |
| APN / Parcel ID | 0425-1003 |
| Zoning | C6-1 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- On-Site Retail
- Storage Space
- Elevator
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