Malka Realty Sells Bowery Office Building For $18.75M

The sale of an office asset at 167 Bowery in Bowery has been completed. The property, spanning 23,600 square feet, was sold by Malka Realty Corporation, represented by William Cherkin. The transaction was facilitated by brokers Glenn Tolchin and Yoav Oelsner of Upland Property Advisors. The sale price for the property was $18,750,000, resulting in a price per square foot of $794.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $18,750,000
• Address: 167 Bowery, Bowery
• Market: Bowery
• Square Footage: 23,600
• Seller: Malka Realty Corporation - William Cherkin
• Brokers: Glenn Tolchin & Yoav Oelsner - Upland Property Advisors
• Price per Square Foot: $794

The sale was successfully concluded with the assistance of Glenn Tolchin and Yoav Oelsner from Upland Property Advisors, who represented the buyer and seller respectively. With their expertise in the Bowery market, they ensured a smooth transaction for all parties involved.