Howl! Arts Expands with $9M Commercial Condo at 250 Bowery

Posted on: February 5th, 2018 at 5:17 am by

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.

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