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Brokerage
Posted: June 12, 2026
Marcus & Millichap arranges $11.4 million sale of mixed-use property in Manhattan
Manhattan, NY Marcus & Millichap negotiated the sale of 196 Bowery, a mixed-use property in the NoLita neighborhood. The asset sold for $11.4 million.
“As regulatory changes have pushed the rental market to new records, the sales market has followed suit,” said Matt Fotis of Marcus & Millichap in New York City. “Mixed-use buildings that are free of complex regulatory history continue to command the strongest demand and pricing.”
Fotis, along with Colton Traynham and Michael Weinstein of Marcus & Millichap exclusively marketed the property on behalf of the seller, Bowery Square Corp., and procured the buyer, Javeri Capital.
The eight-story, 13,000 s/f building is on a 0.6-acre lot between Spring and Prince Sts. The property includes seven upscale apartments with private terraces and private keyed elevator access, as well as a ground-floor retail unit occupied by Genyth Tattoo.
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