26 BoweryNew York, NY 10013

This bankruptcy sale presents a unique opportunity to acquire a mixed-use property at 26 Bowery in Manhattan's vibrant Chinatown. The 13,727 square foot, five-story walk-up building boasts a prominent 23-foot frontage on Bowery Street, a location experiencing high foot traffic and approximately 18,000 vehicles daily. The property, built in 1920, is currently vacant and zoned C6-1, presenting significant potential for substantial rehabilitation. The building comprises three floors of retail/commercial space (formerly occupied by a McDonald's), spanning the basement, ground floor, and second floor. Residential units occupy the third through fifth floors, totaling five units. This prime location offers excellent public transportation access, with nearby B, D, 4, 6, J, and Z subway lines. The lot size is 2,342 square feet, and available air rights total 2,487 square feet. The asking price is $3,750,000, with a price per square foot of $273.18. The auction is scheduled for October 31, 2024, at 2:30 PM Eastern Time, with a bid deadline of October 30, 2024, at 5:00 PM Eastern Time. The opening bid is $3,750,000, subject to bankruptcy court approval. Don't miss this chance to own a piece of Manhattan's history and capitalize on its future potential.