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139 Bowery Holdings Acquires Mixed-use Asset In Lower East Side For $36M With Alan Louie As Buyer's Rep

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SOLD
$36,000,000

New York

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Mixed-use52,000 SF
Sold 06/01/2026
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Property Image
SOLD

139 Bowery Holdings Acquires Mixed-use Asset In Lower East Side For $36M With Alan Louie As Buyer's Rep

139 Bowery

See Similar Deals
Mixed-use52,000 SF
Sold 06/01/2026
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$692
Total Square Footage:52,000 SF
Transaction Type:Sale

The property located at 139 Bowery is a mixed-use asset consisting of 16 commercial units and 18 residential units. The total sale price for the property was $36,000,000, with a total of 34 units, resulting in a price per unit of $1,058,824. The total square footage of the property is 52,000, which equates to a price per square foot of $692. The property is situated in the Lower East Side market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $36,000,000
  • Buyer: 139 Bowery Holdings
  • Seller: Emerald Creek Capital
  • Buyer’s Representative: Alan Louie - Coldwell Banker Warburg
  • Total Units: 34
  • Price Per Unit: $1,058,824
  • Total Square Footage: 52,000
  • Price Per Square Foot: $692

In this transaction, Alan Louie represented the buyer, 139 Bowery Holdings. The deal was facilitated by Coldwell Banker Warburg, the agency for Alan Louie, who played a key role in the completion of this sale involving a significant mixed-use property in the Lower East Side.

Players

Alan Louie
1 deal$36M volume(646) 772-0760
BROKER

Emerald Creek Capital
SELLER

Details

SOLD
IMAGE: Alan Louie DATE: 6/1/2026 ADDRESS: 139 Bowery MARKET: Lower East Side ASSET TYPE: Mixed-use (16 Commercial & 18 Residential) BUYER: 139 Bowery Holdings SELLER: Emerald Creek Capital (@EmeraldCreekCapital) BUYER'S REP: Alan Louie (@AlanLouie_RealEstate) - Coldwell Banker Warburg (@ColdwellBankerWarburg) SALE PRICE: $36,000,000 UNITS: 34 ~ PPU: $1,058,824 SF: 52,000 ~ PPSF: $692

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40