East West Bank Building at 77 Bowery Fetches $20 Million
As part of the all-cash deal, East West Bank will reportedly remain a lessee on premises.
The sale is further indication of the Chinatown gold rush. Keystone principal Jonathan Zamir noted:
Chinatown has been red-flagged for years and now it’s the jewel of Manhattan. This is one of the premier assets located within that submarket.