139 Bowery

BKREA has been retained on an exclusive basis to arrange the UCC foreclosure sale of 139-141 Bowery Street (“The Property”), a newly constructed, 14-story building measuring approximately 50 feet wide and 51,871 gross square feet. The property is located on the east side of Bowery, between Grand and Broome Streets, at the nexus of Soho, Nolita, the Lower East Side, and Chinatown. The package of unsold condominium units includes a total of approximately 31,031 net square feet. Of the 35 units being sold, there are 18 residential condos, 16 commercial condos, and 1 community facility condo. All units are currently vacant. The six office condominiums are situated on the second and third floors. One unit on the second floor is designated for community facility use, while the remaining units are tailored for traditional office space. The building features two distinct entrances and elevators: one exclusively for the residential section and the other dedicated to the office area. The office units feature double-pane windows, LG HVAC systems, and 200-amp electrical service per unit. With 11-foot-high ceilings and abundant natural light, they offer a spacious and bright working environment. The retail condominium at the base 139-141 Bowery features 4,069 net square feet of space across the ground and mezzanine levels. With 27 feet of frontage along Bowery, the retail space offers excellent visibility and ample room for signage. Ceiling heights exceed 20 feet on the ground floor and 9 feet on the mezzanine level, creating a spacious and versatile environment. The residential condominium features 18 thoughtfully designed units, each with open-concept layouts, floor-to-ceiling windows, and unobstructed skyline views that flood the interiors with natural light. Residents benefit from fully integrated kitchen appliances and custom wood veneer bathroom cabinets. Additionally, terraces on the second, fifth, and seventh floors offer stunning city views. The Bowery is home to numerous cultural landmarks and historical sites that enrich the fabric of New York City. It also offers a wide variety of upscale restaurants, popular shopping destinations, and well-known bars. The property benefits from exceptional transit connectivity via multiple subway lines and bus routes. The Grand Street station (B/D lines) is just 0.2 miles away, a 4-minute walk providing service between the Bronx and Brooklyn.