151 Bowery Sells for a Record $23.5M

Posted on: March 20th, 2014 at 6:00 am by
151 Bowery (aka 331-333 Broome St.)

151 Bowery (aka 331-333 Broome St.)

The squat three-story anchor at the southeast corner of Bowery and Broome just sold for $23.5 million. Buyer remains unknown, and there is currently nothing on file with the city.

This final price is a record for the lighting district, according to Jan Sasson of E Property Group, who represented the seller in the transaction. Included in the deal is an additional 42,000 square-feet of air rights.

151 Bowery also includes frontage and another entrance at 331-333 Broome Street.

A relatively new lighting store occupies the ground level, but don’t expect much in the way of longevity. Not when its valuable space has undergone considerable inflation.

Recent Stories

Johnny Thunders Take 2
Revisiting Rachel Amodeo’s East Village Classic ‘What About Me’ [INTERVIEW]

I don’t know about you, but every time I find out about a movie that was filmed in the East Village circa NOT present day, I get super excited. I revel in the unique gritty history, and how the streets were not littered with a Starbucks and ::insert generic Bank name here:: every other step. That’s […]

daily-show-santa
The Daily Show Does a Bit on SantaCon, Interviews Organizer ‘Costume Jim’ [VIDEO]

Last night, five whole days after SantaCon blew through New York City, the The Daily Show decided to air a quick treatment of the event. As you would imagine, the segment exposes the shitshow that happens each year. Most interesting, though, is watching the footage after learning about Costume Jim Glaser and his ties to […]

319grand-gallery
New Grand Street Avant Garde Gallery Doubles as ‘Luxury Vape Lounge’

The Grenco Science pop-up vaporizer joint isn’t the only such retail action happening this weekend. Remember that gallery we told you about last month at 319 Grand Street? Well, Avant Garde by MMC, as it’s now known, itself doubles as a “luxury vape lounge.” In fact, its tagline is “where vape meets art.” The grand […]

Rad Roubeni
Artist Rad Roubeni Hosting a Month-Long Gallery Show Inside Former Chase Bank on Delancey

So it looks like the old Chase bank branch at 104 Delancey Street has morphed into a pseudo gallery space, albeit a temporary one. At least until the landlord can find a suitable tenant willing to foot the bill. We saw workers cleaning up the other night for a similar event. After two years of […]

nypd-arrest-east-broadway
Plainclothes Officer Punches Teen During Arrest on East Broadway, NYPD Investigating Incident [UPDATED]

An eight-minute video surfaced online this week showing three teens being arrested by a gaggle of 7th Precinct officers on East Broadway. The boys are seen getting cuffed while pressed up against parked cars outside Seward Park. Iglesia Cristiana Primitiva church is visible in the background. What’s rather disturbing is the plainclothes cop who, for […]