The New York Capital Markets Group for Avison Young has been named the exclusive agent for the sale of 356 Bowery a mixed-use building located in the sought-after NoHo neighborhood in Manhattan.
The currently vacant 7,600 gross-square-foot residential and retail property consists of five stories as well as a sellable lower level, in addition to an additional 2,500 square feet of air rights. The building’s 20 feet of frontage overlooks the historic and fashionable Bowery Street in the NoHo district.
The Avison Young team marketing the sale of the building on behalf of owner Ultimate Realty, LLC is led by Principal and Head of Tri-State Investment Sales, James Nelson, along with Director, Brandon Polakoff.
“As a well-situated building with both commercial and residential use in one of New York City’s hottest areas, the 356 Bowery property is an exceptional investment opportunity,” notes Nelson. “This building will be delivered vacant and presents the unique chance for a mixed-use or boutique office investor, or even an end user, to secure an asset with unlimited possibilities and immediate upside. We are excited to market 356 Bowery to a wide variety of buyers and similarly excited to represent Ultimate Realty, LLC, a leading Manhattan developer with a strong and diversified portfolio.”
NoHo is located between both the East and West villages, a small but historic downtown neighborhood representative of the area’s enduring bohemian spirit. The area is filled with hip boutiques and trendy art galleries as well as cafes and restaurants. In addition, the district is also home to both new businesses and long-standing neighborhood fixtures, all within walking distance of both Little Italy and Chinatown.
The building at 356 Bowery is near multiple bus stops as well as subway stations, including the 4, 6, D, F, M, N, Q, R, and W MTA lines. In addition, the building is within walking distance of multiple parks and amenities, including Washington Square Park, Tompkins Square Park, and the Sara D. Roosevelt Park, as well as Whole Foods, the International Center of Photography, and the New Museum.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
Avison Young is a 2018 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for seven consecutive years
