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Douglas Levine Of Big Move Properties Acquires Retail Building At 216 Bowery For $6.27M
New York
See Similar DealsMixed-use9,490 SF
Leased 06/03/2025
Douglas Levine Of Big Move Properties Acquires Retail Building At 216 Bowery For $6.27M
216 Bowery
See Similar DealsMixed-use9,490 SF
Leased 06/03/2025
Summary
NEW YORK
Asset Type:Mixed-use
Total Square Footage:9,490 SF
A retail building located at 216 Bowery in the Nolita market of Manhattan was sold for $6,269,480. The property spans 4,888 square feet, translating to a price per square foot of approximately $1,283.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,269,480
- Buyer: Douglas Levine - Big Move Properties
- Seller: Paul Matson - Arizona State Retirement System
- Brokers: Chris Peterson, Evan Clements, Danielle Turpin, Austin Knief & Joe Mastromonaco - Atlantic Capital Partners
- Square Footage: 4,888
- Price per Square Foot: $1,283
The acquisition involved notable figures such as Douglas Levine representing Big Move Properties, which purchased the asset, and Paul Matson representing the Arizona State Retirement System, the seller. The transaction was facilitated by multiple brokers from Atlantic Capital Partners.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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