316 Bowery, Commercial Condo
Prime Commercial Condo Investment located on the Southwest Corner of Bowery and Bleecker in a Landmark building. The building was originally constructed in 1866 and newly converted and restored in 2008. This unit is comprised of 6,600 sqft with 3,400 sqft on the ground level and 3,200 sqft on the lower level. The ground floor boasts 16’ ceilings and has 40’ of frontage on the BOWERY.
The Tenant, Saxon + Parole/Madam Geneva, is an extremely successful restaurant and lounge and currently on year 4 of a 15-year lease. This is a tremendous opportunity for an investor to purchase a prime corner location, with in-place cash flow and a lease extending out to 2021.
Attached is a 11-year cash flow analysis till the end of the lease along with a detailed Floor plan. For further due diligence, the condominium-offering plan can be provided upon request.
Agent Shows. By appointment only. 24 Hour Notice.
Please contact Alex for more information.