Midas Equities Acquires Mixed-Use Property At 212 Bowery For $5.975M With Brokers Matt Fotis Colton Traynham And Michael Weinstein
212 Bowery
$5,975,000
$827/SF
Building Size
7,225 SF
Asset Type
Mixed-use
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in the transaction is located at 212 Bowery in the Nolita market. This mixed-use asset was sold for a price of $5,975,000. It encompasses a building size of 15,000 BSF, which translates to a price per BSF of $398. The square footage of the building is 7,225 SF, with a price per square foot of $826.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,975,000
- Building Size (BSF): 15,000
- Price per BSF: $398
- Square Footage (SF): 7,225
- Price per Square Foot (PPSF): $826
- Buyer: Midas Equities
- Seller: Ellio Nurieli
- Brokers: Matt Fotis, Colton Traynham & Michael Weinstein - Marcus & Millichap
The key individuals involved in this transaction include Midas Equities as the buyer and Ellio Nurieli as the seller. The brokers representing the parties in this deal are Matt Fotis, Colton Traynham, and Michael Weinstein from Marcus & Millichap.
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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93