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.

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