Mixed-Use Property At 2 Bowery Sold For $5.5 Million With Northgate Real Estate Group's Brokers
2 Bowery
$5,500,000
$666/SF
Building Size
8,255 SF
Asset Type
Mixed-use
Closing
Feb 25, 2026
About this deal
AI
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.
On the Map
$5,500,000
$666/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93