Full-Floor Office
For Sale
$1,900,000
89 Bowery #8A New York, New York, NY 10002
The unit is within a nine-story condominium completed in 2014.
Property Size2,632 SF
Price / SF$721.88
Days on Market74
Property Features for 89 Bowery #8A New York
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Commercial
Zoning
C6-1G
Site & Location
Neighborhood
Downtown
Additional Details
Floor
8
Property Use
Office
Taxes and HOA fees
Annual Taxes
$39,709
Building Details
Building Size
2,632 SF
Year Built
2014
Buildings
1
Stories
9
Listing Agency:
United Real Estate Fortune
(516) 990-8888
Listed By:
Le Quan · License #10401318524
(646) 750-8970
Source:
Croninreale
Added: Aug 12
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Fortune
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,632-square-foot office unit occupies the entire eighth floor at 89 Bowery in Manhattan. The property is part of a nine-story condominium completed in 2014, and its zoning designation is C6-1G.
The Bowery address places the unit near Chinatown, the Lower East Side, SoHo, and the Manhattan Bridge. The surrounding area includes transportation, dining, shopping, and business destinations.
The Bowery address places the unit near Chinatown, the Lower East Side, SoHo, and the Manhattan Bridge. The surrounding area includes transportation, dining, shopping, and business destinations.
Key Highlights
- Full‑floor office unit measuring 2,632 square feet
- Eighth‑floor position at 89 Bowery, New York, NY 10002
- C6‑1G zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,346
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,920
$1.7M
Cap Rate 7%
$1,204,943
$1.2M
Cap Rate 9%
$937,178
$937.2K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$135.5K $51.48/SF
− Vacancy
−$23.0K −$8.75/SF
EGI
$112.5K $42.73/SF
− OpEx
−$28.1K −$10.68/SF
NOI
$84.3K $32.05/SF
Area
ZIP 10002
Vacancy
17.00%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,920
Cap Rate 7%
$1,204,943
Cap Rate 9%
$937,178
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.41M
NOI $84,346 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.55M
$5.73M – $7.64M
NOI $458,600 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The unit is within a nine-story condominium completed in 2014.
Where is this office unit located?
The property is located at 89 Bowery #8A New York New York, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Full‑floor office unit measuring 2,632 square feet; Eighth‑floor position at 89 Bowery, New York, NY 10002; C6‑1G zoning
