Whole-Floor Office
New
For Sale
$2,105,600
89 Bowery Unit 8A New York, Manhattan, NY 10002
Eighth-floor commercial condominium completed in 2014, offering a flexible setting for professional office use.
Property Size2,632 SF
Price / SF$800
Days on Market5
Property Features for 89 Bowery Unit 8A New York
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Office
Additional Details
Floor
8
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
(718) 255-9100
Listed By:
Le Quan · License #10401318524
Source:
Cbwarburg
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 16 at 3:16PM
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
Investment Insights
Based on property information with market context.
This Office Unit occupies an entire floor within an office condominium at 89 Bowery. Positioned on the eighth floor, the property provides a dedicated commercial setting for professional or office use. The building is a 9-story condominium completed in 2014, and the unit measures 2,632 square feet.
The property is located on Bowery in Downtown Manhattan, near Chinatown, the Lower East Side, SoHo, and the Manhattan Bridge. Its setting places the unit near transportation, dining, shopping, and business destinations. Floors 2 and 3 are also available for sale, with details provided separately.
The property is located on Bowery in Downtown Manhattan, near Chinatown, the Lower East Side, SoHo, and the Manhattan Bridge. Its setting places the unit near transportation, dining, shopping, and business destinations. Floors 2 and 3 are also available for sale, with details provided separately.
Key Highlights
- Whole‑floor office unit on the 8th floor
- 2,632 square feet of commercial space
- Located at 89 Bowery in Downtown Manhattan
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.55M
$5.73M – $7.64M
NOI $458,600 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Eighth-floor commercial condominium completed in 2014, offering a flexible setting for professional office use.
Where is this office units located?
The property is located at 89 Bowery Unit 8A New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,105,600.
What are key features of this property?
This property features: Whole‑floor office unit on the 8th floor; 2,632 square feet of commercial space; Located at 89 Bowery in Downtown Manhattan
