Mixed-Use Property At 2 Bowery Sold For $5.5 Million With Northgate Real Estate Group's Brokers
SOLD
$5,500,000
New York
See Similar DealsMixed-use8,255 SF
Sold 02/26/2026
SOLD
Mixed-Use Property At 2 Bowery Sold For $5.5 Million With Northgate Real Estate Group's Brokers
2 Bowery
See Similar DealsMixed-use8,255 SF
Sold 02/26/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$666
Total Square Footage:8,255 SF
Transaction Type:Sale
This mixed-use asset located at 2 Bowery in Manhattan has a sale price of $5,500,000. The property comprises a total of 8,255 square feet, resulting in a price per square foot of $666.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Address: 2 Bowery
- Market: Manhattan
- Square Footage: 8,255
- Price per Square Foot: $666
- Brothers: Greg Corbin & Chaya Milworn - Northgate Real Estate Group
Northgate Real Estate Group's brokers, Greg Corbin and Chaya Milworn, have a strong track record with over $4.3 billion in real estate transactions. The firm specializes in distressed investment sales and workouts, focusing on areas such as bankruptcies and loan sales.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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