58 Bowery New York, NY 10013
- Retail properties
- 32,940 SF
Current Use by Public Records
- Comfort Zone Cooling and Heating / Commercial Refrigeration
Property Details for 58 Bowery
- Year built
- 1923
- Property size
- 32,940 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional Lower East Side property offers a unique investment opportunity. The 32,940 square foot, two-building complex includes a 7-story, landmarked Beaux Arts-style main building and a 2-story annex. Built in 1923, the property boasts a prominent corner location at Bowery and Canal Street, offering high visibility and foot traffic. The main building features impressive arched windows, pilasters, and a distinctive cornice. The annex is subject to a sale-leaseback agreement with HSBC, providing a 5-year lease with four 5-year extension options. The CG-1G zoning allows for multiple reconfiguration and reuse options. The property sits on an 8,804 square foot lot and presents a rare chance to acquire a piece of New York City history with significant upside potential. The sale includes both the main building and the annex, although the buyer will be responsible for separating utilities and systems. This mixed-use investment opportunity is ideal for discerning investors seeking a landmark property with strong leaseback potential. The property's historical significance and prime location make it a truly exceptional offering.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9965
- Latitude
- 40.7161
