Howl! Arts Expands with $9M Commercial Condo at 250 Bowery
East Village arts nonprofit, Howl! Arts, just closed on a commercial condo on the Bowery.
According to a report filed in Crain’s New York last week, the organization, named for Allen Ginsberg’s poem of same, purchased the 6,500 square-foot, second-floor condo at 250 Bowery for a sky-high $9 million. That’s approximately $1,400 per square-foot, thought to be the highest price ever paid for a commercial condo in the neighborhood.
The space sits above the International Center of Photography, which will eventually relocate to an even newer facility in Site 1 of Essex Crossing. Until now, 250 Bowery developer VE Equities retained the second-floor commercial real estate for its New York office.
Howl! Arts will apparently use this for offices and extra exhibition space. It’ll still hold onto its ground-level space on East First Street, though.
The eight-story building was completed in 2012 after some five years of arrested development. During that time, it became a rat-infested wasteland and garbage depository.