Here is the First Graffiti-Free Rendering of 190 Bowery for Potential Buyers

Posted on: December 5th, 2014 at 5:00 am by

This image has been archived or removed.

Photo: Massey Knakal

Two weeks ago, we reported that real estate magnate Aby Rosen (RFR Realty) was already trying to flip his purported acquisition. The lovely Germania Bank Building at 190 Bowery. Even though no official documentation conclusively proves that Rosen’s RFR Realty actually purchased the property in the first place. Regardless, word leaked that Massey Knakal is the exclusive broker seeking suitors, with brochures for the property circulating.

Said literature is now live on their website as an “ownership request proposal.” Hot off the press!

Most notable about the online listing, before diving into details, is the rendering provided of 190 Bowery. The 1898 landmark (designated 2005) has no graffiti sleeve, and the window portals on the ground level opened up. Rooftop water tank is also gone. It’s a decent bet as to what the future might look like here.

This image has been archived or removed.

The babble is rife with hyperbole about its appeal as a “remarkable conversion opportunity.” How one lucky buyer will have the opportunity to “change the landscape of the Bowery for years to come and will be a project unmatched in the price premiums it obtains.”

The granite and brick building stands six stories tall with ceiling heights ranging between 12’ to 19’ on every floor. The property also features significant frontage on the northwest corner of Spring Street and Bowery, approximately 101.5’ and 59.75’ respectively. As a result, one of the building’s most distinctive features is its chamfered corner at the intersection of these two streets, where the main entryway is located on an angled corner bay. Furthermore, the building’s corner location and oversized windows provide a tremendous amount of natural light and air throughout. In total, the building encompasses approximately 35,617 gross square feet.

The open floor plans combined with the property being delivered vacant, offer an unusually large blank canvas for a developer or user to execute a myriad of potential visions, including a boutique residential condominium, a retail flagship, or a truly historic and one-of-a-kind single family residence. Regardless of the strategy, the end result will change the landscape of the Bowery for years to come and will be a project unmatched in the price premiums it obtains.

No price is listed for the 35,617 square-foot property, but the estimated value is well 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, photographer Jay 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

Forgtmenot Family Remodels and Reopens Sherman’s on Division Street

For the last several months, Sherman’s on Division Street had favored its popular catering over serving the in-store crowd. But all that recently changed. Three months of interior remodeling resulted in a reboot that just launched last night. You’ll recall that the crew behind Forgtmenot opened Sherman’s – named for the longtime shoe store it […]

Sir Shadow’s ‘One-Line’ Gallery Show on the Bowery

Sir Shadow, prolific artist and one of the last living souls in the Whitehouse SRO on the Bowery, is currently showcasing his unique one-line artwork (aka “flowetry”) at a gallery exhibit this week. The event kicked off this past Tuesday at 222 Bowery, the onetime YMCA building colloquially known as “The Bunker.” Sir Shadow will […]

Vinny Vella, Actor and Pulse of Little Italy, Dies at 72

Who’s better than you? Vinny, that’s Who. Little Italy residents this week are mourning the loss of Vinny Vella. The local legend, and character actor, died of complications from liver cancer on Wednesday (February 20) at the age of 72. He is survived by his wife Margaret-Anne, and his children Benjamin and Anthony Hernandez, Lauren […]

‘Leekan Designs’ to Shutter Next Month After 3 Decades of Selling the Unique

After three decades peddling unique antiques to SoHo, and most recently, the Lower East Side, Leekan Designs is hanging it up. According to an announcement from the store earlier this week, the store at 4 Rivington Street will fold on March 3. Since the early 1980s, the business has traded in antique and contemporary (oftentimes […]

Essex Crossing KO’s Delancey Street Subway Entrance

Beginning next week, straphangers will do without the southeast entrance to the Delancey Street subway station (at Essex). The temporary closure is due to subterranean construction for Essex Crossing. According to the community notice posted to the stairwell by Site 2 contractor T.G. Nickel, access is restricted for 95 days starting February 27. The three-month […]