Report: Aby Rosen is Already Trying to Flip Graffiti Covered 190 Bowery

Posted on: November 19th, 2014 at 4:06 pm by
This image has been archived or removed.

This past September, blockbuster news came down the Bowery that the Germania Bank Building was in contract to real estate magnate Aby Rosen. His company – RFR Realty – had been marketing the 38,000 square-foot property since August.

Even though it’s still believed that RFR hasn’t closed on the 1898 landmark just yet (and rumors that the deal fell through), there are already reports surfacing that a flip-job is underway. The Commercial Observer notes that Massey Knakal is circulating marketing materials (dated November 19) pitching the property. No price was listed for either the alleged September sale nor what appears in the industry literature.

The estimated value of 190 Bowery is north of $50 million.

The intended plan for this site is likely a condo conversion with retail on the ground floor.

According to property records, Maisel purchased the Germania Bank Building in 1966 for $102,000. As the urban lore goes, the artist and family refuse to scrub the graffiti from the building because the city allegedly rebuffed his attempts to do the same in the bad old days of the Bowery.

Recent Stories

Chinatown Asks, Where’s the Beef? [OP-ED]

In scenes reminiscent of life in the Soviet Union during the Cold War, where long lines were the norm for basic necessities and food, the past couple weeks of coronavirus quarantine have shown a crack here at home. Despite federal and state leaders’ calls to remain calm and reassurances that there are bountiful supplies of meat, vegetables and […]

The Crazy Line Outside Trader Joe’s on Grand Street

This is the queue outside Trader Joe’s on Grand Street. Distanced six feet apart, the line of shoppers snaked around onto Clinton Street and up to Broome. It’s a scene that plays out daily amidst the COVID-19 shutdown, as residents scramble for groceries. We were told that management allows a store occupancy of fifty to […]

DOB Unveils Real-Time Map Plotting Essential and Emergency Construction Sites

At the end of March, Governor Cuomo froze almost all construction projects statewide in response to the fast-moving COVID-19 pandemic and its infection of 19 workers around the city. Only essential projects are granted a pass – infrastructure and transportation projects, emergency repairs, hospital building, and work on affordable housing. It is these exception jobs […]

Pickle Guys to Close Next Week, Hope to Reopen in May

Some sour news indeed for Lower East Siders: The Pickle Guys are going on hiatus. Indefinitely. The brine stalwarts of Grand Street announced the closure due to the COVID-19 pandemic, which also coincides with the Jewish holiday of Passover. The pickle peeps hope to return at the beginning of May. The store will remain open […]

Straphanger at East Broadway Station Chases Down Mugger to Retrieve his Wallet

Criminals are still out there, in spite of the COVID-19 lockdown. Especially in the largely empty subway stations. East Broadway station again lives up to its dangerous reputation with a mugging there last week. According to police, a man entered the station at Rutgers Street and East Broadway at 8:45pm on March 24 to purchase […]