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212 Bowery

Updated Aug 27, 2026

Midas Equities Acquires Mixed-Use Property At 212 Bowery For $5.975M With Brokers Matt Fotis Colton Traynham And Michael Weinstein
SOLDMixed-use

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:

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

Matt Fotis

Marcus & Millichap

Broker

$615.9M

vol

114 deals

Broker
Midas Equities
Midas EquitiesBuyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $827 per square foot on a published $6M for 7,225 square feet (2026).

Visit Colton Traynham to view all their deals.

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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

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