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$6,750,000

For Sale

4,900 ft²

$1,377 per ft²

20 rooms

6 beds

3 baths

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This home has been saved by 23 users.

Listing by Baseline Real Estate Advisors, Real Estate Principal Office, 224 Huntingto Bay Road, Huntington, NY 11743-1333

Days on market

101 days

Last price change

No changes

Estimated payment

Arrow icon$40,319/mo

Taxes

$3,898/mo

Common charges

Not applicable

Tax abatement

No info

About

Seller’s agent

/

Michael Sherman

Licensed Real Estate Broker

Baseline Real Estate Advisors

description

6.75% CAP Rate Existing.
All Free Market
15,000 Buildable Square Feet Total
10,000 SF of Air Rights Remain
Fully Renovated Luxurious Apartments
Turn Key Asset

Policies

Sorry, policy info isn’t available right now. Check back later.

Home features

No info on home features

Building amenities

Services and facilities

No info on services and facilities

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

  • Courtyard

  • Roof deck

About the building

261 Bowery

261 Bowery, New York, NY 10002

Multifamily building inLower East Side

2 units

3 stories

1910 built

Property history

Prices shown are base rent only and don't include any fees. See listing description for breakdown of costs and fees.

DatePriceEvent

5/6/2025

$6,750,000

Price decreased by 4%

3/12/2025

$6,995,000

Listed by Baseline Real Estate Advisors

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Explore Lower East Side

Transit

LocationDistance

Fat 2nd Av

under 500 feet

BDFM6at Bleecker St

0.18 miles

JZat Bowery

0.21 miles

BDFM6at Broadway–Lafayette St

0.22 miles

6at Spring St

0.24 miles

About Lower East Side

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

6 beds

$5.08M

RentalsMedian asking base rent

6 beds

$11,500

The narrow streets of the Lower East Side were once lined with tenement buildings, shirt factories and bialy shops. Although a few vestiges of the neighborhood's immigrant heritage remain, many of the tenement buildings have been updated and now offer relatively affordable rental options to young New Yorkers looking to live right in the thick of Downtown Manhattan.

There's no getting around it - the LES is a major nightlife destination. In this part of the city, last call is late and often negotiable -- especially if you're a regular. On weekend nights, the neighborhood is packed as crowds overflow from the local bars and take to the streets in search of a late-night falafel fix before heading onto the next party. During the day, the neighborhood chills out as residents nurse their hangovers or head to work slowly after stopping at one of the area's many trendy juice bars or coffee shops.

Learn more about Lower East Side