Jack Dutch Acquires Development Site At 236 Bowery From Bari Restaurant & Pizzeria Equipment For $48M

The asset involved in the transaction is a development site located at 236 Bowery in the Nolita neighborhood of Manhattan. The sale price for the property was $48,000,000, amounting to a buildable square footage (BSF) of 69,000, which translates to a price per buildable square foot (PPBSF) of $695. The site also has a square footage (SF) of 15,000, equating to a price per square foot (PPSF) of $3,200.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $48,000,000
• Address: 236 Bowery
• Market: Nolita, Manhattan
• Buildable Square Footage: 69,000
• Price per Buildable Square Foot: $695
• Square Footage: 15,000
• Price per Square Foot: $3,200
• Buyer: Jack Dutch
• Seller: Bari Restaurant & Pizzeria Equipment
• Broker: Jared Minc - Building Equity Management

Jack Dutch acted as the buyer in this transaction, representing his interests in acquiring the property from Bari Restaurant & Pizzeria Equipment. The broker involved in the deal is Jared Minc from Building Equity Management, who facilitated the transaction process.