212 Bowery 7,225 SF Retail Building New York, NY 10012 $6,500,000 ($899.65/SF) 5.05% Cap Rate

Located at the vibrant intersection of Bowery and Rivington, 212 Bowery offers a rare opportunity to acquire a classic loft-style mixed-use building in one of Manhattan’s most culturally rich corridors. This four-story asset spans 7,225 square feet on a 2,500 SF lot and includes three residential units and one expansive retail gallery space. With an asking price of $7.5 million and a net operating income of $327,953, the property presents a compelling investment with stable in-place tenancy and long-term upside.
The building benefits from 15,000 buildable square feet, including 7,775 SF of unused air rights, which are eligible for development under the City of Yes zoning initiative. This unlocks significant potential for vertical expansion or redevelopment in a neighborhood known for its architectural creativity and artistic energy. The retail space is currently leased to a gallery through July 2027, while the residential units feature open loft layouts with outdoor space and natural light, appealing to creative professionals and boutique office users.
Positioned directly across from the New Museum and steps from the B, D, F, M, R, and W subway lines, the property enjoys unmatched connectivity and foot traffic. The surrounding Nolita and Lower East Side districts are home to a dynamic mix of fashion retailers, design studios, and culinary destinations, making 212 Bowery an ideal candidate for a flagship gallery, creative headquarters, or boutique development.