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

Photo: Jmeyers44
Breaking: Explosion on 2nd Avenue, Tenants Reported Trapped in Collapse [Updated]

There are numerous reports that the mixed-use tenement at 121 2nd Avenue exploded shortly before 3:30pm. Flames quickly spread to the adjacent building at 123 2nd Avenue. Authorities say that the cause of the explosion is gas-related, and that there are tenants trapped in the collapsed wreckage. It’s being called a “7-alarm explosion.” Sushi Park […]

The Derby replaces Tiny Fork on Orchard St.
‘Pizza Beach’ on its Way to the Former Derby Space on Orchard Street

Ladies and gents, we might have a taker for Rob Shamlian’s embattled bar space at the corner of Orchard and Stanton Streets. The Derby (fka Tiny Fork) closed for good back in January, and advertised the business as for sale almost immediately. Looks like the controversial Martignetti brothers (Brinkley’s, East Pole) are grabbing the bait. According […]

Photo: LES Ready!
‘LES Ready!’ Town Hall Meeting Tonight at Grand Street Settlement

Tonight, Grand Street Settlement is hosting the Lower East Side’s Long Term Recovery Group for a Town Hall style info session. The aim is to ensure that if and when disaster strikes the neighborhood again, residents will be ready. LES Ready!, was born in the aftermath of Hurricane Sandy, and has been prepping the community in disaster awareness […]

cemusa-replacement-delancey
Cemusa Installs Replacement Newsstand at Delancey and Clinton

Back in November, a westbound drunk driver on Delancey Street reportedly rammed the local newsstand at the northwest corner of Clinton. The early-morning incident dislodged the Cemusa box from its sidewalk perch with ease, and the equipment was subsequently carted away. During the interim, its rectangular platform of concrete had been sitting exposed, a tripping […]

Photo: Ephemeral NY
Today in LES History: Forerunner of Con Edison Receives its Charter from the State

On this day in… 1823 – The New York Gas Light Company received its charter from the State Legislature. Headquartered at 102 Centre Street, the utility was tasked with replacing the whale-oil street lamps which were common since the 1760s. Their reach was the territory south of Grand Street. The advent of electric lighting in […]