CityBizList | December 11, 2017
GFI Realty Services, LLC today announced that it has been named the exclusive sales agent for 263 Bowery, a 6,500-square-foot office and retail condo with a prime location on Manhattan’s Lower East Side. Situated along The Bowery, the condo is comprised of two occupied office units, each of which comprises 2,000 square feet, and a vacant retail storefront that encompasses 2,500 square feet across the ground floor and basement levels. The asset is situated at the base of a luxury residential condominium building designed by Karl Fischer.
GFI Realty managing director Roni Abudi will oversee the sale of the condo, with pricing targeted at $14 million. Abudi is also overseeing leasing for the 2,500-square-foot retail space.
“The Lower East Side is one of the city’s most vibrant neighborhoods, and retailers are flocking to locations like this one to capitalize on their energy and foot traffic,” said Abudi. “While the seller is looking to divest of this asset, he is also interested in securing a ground-floor tenant, which would make the offering more attractive to some buyers. We’re marketing to potential buyers for the three-floor condo as well as tenants for the retail, and we expect a lot of interest from parties seeking to capitalize on the area’s resurgence.”
Located between Stanton and East Houston Streets, 263 Bowery is ideally situated within an area renowned for its trendy cafes, hotels, bars and restaurants. The neighborhood also features the vehicular and foot traffic that create a prized retail location.
“As the retail space is not yet occupied, we anticipate interest from both investors as well as owner/occupants,” stated Abudi. “Not only is the retail/office condo at the base of a luxury residential property, it also benefits from proximity to countless national retailers, boutiques and chic eateries.”
Situated near New York University and just south of the East Houston Street commercial corridor, 263 Bowery is within blocks of numerous subway lines.
About GFI Realty Services, LLC
GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.
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