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

dl-brawl-shot
Watch the Shocking Brawl at The DL that Engulfed Ludlow Street [VIDEO]

​In case you really needed more evidence that The DL is a stain on the Lower East Side, peep the enclosed surveillance and eyewitness footage from a couple weeks ago. You may have heard about the violent street brawl outside 93 Ludlow Street, captured by camera on April 17, in which patrons fought with security […]

529broadway
2 Years Behind Schedule, the New 529 Broadway Shows Itself

The newest building in the landmarked Cast Iron District is now showing off. Check out the goods on 529 Broadway. After more than three years of astronomical spending, planning, city approvals, and construction, the first glimpse of the forthcoming final product is now visible. It’s a six-story retail building in the heart of the SoHo […]

Sheldon Silver with the New York Rangers, December 2010
Sheldon Silver, Disgraced Ex-Assembly Speaker, Sentenced to 12 Years in Prison

For Sheldon Silver, decades of corruption nets only a twelve year sentence in the slammer. The sentencing came down yesterday afternoon. The 72-year-old Silver had been convicted back in November for honest services fraud, money laundering, and extortion. The verdict – netted after a five-week trial – ultimately resulted in the loss of his Assembly […]

le-baron-outside
Is this Le Baron ‘Small Plates’ Replacement a Bait-and-Switch?

The shiny shoes of Le Baron will be filled, and by a familiar face at that. Former co-owner Ron Castellano (Santos Party House, Rosette) seeks to impart a “sushi restaurant and bar” in the former home of Le Baron at 32 Mulberry Street. The as-yet-unnamed establishment (MJK Foods LLC) will serve a menu of small plates, […]

87houston-boutique-1
VK Nagrani Transforms Bowery Coffee Space into New ‘Lodge’ at 87 East Houston

One vintage purveyor is traded for another at 87 East Houston Street. Bowery Coffee and its sister antique shop B4 It Was Cool both bit the dust back in January 2015. Rent hike was the likely culprit, with one barista telling us at the time that the business “was no longer economically feasible.” Listings in the […]