Javeri Capital Purchases Mixed-Use Property At 196 Bowery For $11.4 Million

196 Bowery is a mixed-use property located in the Nolita market, featuring a total of 13,000 square feet across 7 units. The property was sold for $11,400,000, equating to a price per unit of $1,628,571 and a price per square foot of $876.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,400,000
• Units: 7
• Square Footage: 13,000
• Price per Unit: $1,628,571
• Price per Square Foot: $876
• Buyer: Javeri Capital - Atit Javeri & Rishi Barai
• Seller: Kinchi Au
• Brokers: Matt Fotis, Michael Weinstein & Colton Traynham - Marcus & Millichap

The transaction involved the expertise of brokers Matt Fotis, Michael Weinstein, and Colton Traynham from Marcus & Millichap, who represented the parties in this sale. The buyer, Javeri Capital, was represented by Atit Javeri and Rishi Barai, who played a crucial role in facilitating the acquisition of the property from seller Kinchi Au.