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216 Bowery

Douglas Levine Of Big Move Properties Acquires Retail Building At 216 Bowery For $6.27M
Mixed-use

Douglas Levine Of Big Move Properties Acquires Retail Building At 216 Bowery For $6.27M

216 Bowery

Building Size

9,490 SF

Asset Type

Mixed-use

Closing

Jun 3, 2025

AI

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:

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.

Players

Evan Clements

Atlantic Retail

Broker

$31M

vol

11 deals

Broker
Atlantic Retail
Atlantic Retail Brokerage
Big Move Properties
Big Move PropertiesBuyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93