1 CUSHMAN & WAKEFIELD / VACANT BUILDING FOR SALE Between Delancey and Broome Street | East Side of Bowery 159 BOWERY NEW YORK, NY Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 159 Bowery, a three-story, 4,252 SF building located between Delancey Street and Broome Street on the Bowery in New York City. The building sits on a 23.25’ x 74.83’ lot and has a footprint of ~1,740 SF. 159 Bowery presents a unique opportunity to purchase a well located development opportunity in one of Manhattan’s hottest and most-evolving corridors in the Bowery. Furthermore, the property would be ideal for a user looking to occupy the building for their own use. 159 Bowery is currently owner-occupied by Faerman Cash Registers, which has been operating its business in the building for nearly 50 years. The building will be delivered entirely vacant upon execution of the sale. The existing building boasts incredible ceiling heights throughout: the first floor’s ceiling is 11’9”, the second floor 9’6” and the third floor measures 14’. The offering presents a new investor, user or developer a rare opportunity to acquire an asset that has not traded hands in over 45 years. As the Bowery has evolved over the years from lighting and equipment retailers to fashion boutiques, high-end restaurants and galleries, 159 Bowery provides a unique opportunity for a new investor, developer or user to create from a blank canvas in an iconic location. The lot is located in a C6-1G zoning classification allowing for 10,439 BSF (6.0 FAR) for Commercial development, 5,985 BSF (3.44 FAR) for Residential or 11,309 BSF (6.5 FAR) for Community Facility. Due to the strong demand for retail, office, hotel and residential space in the immediate area, this site presents developers with a unique opportunity to take advantage of one of the fastest-growing neighborhoods in the city. REDUCED PRICE: $7,900,000 $6,250,000 PROPERTY INFORMATION LOCATION East side of Bowery, between Delancey Street and Broome Street BLOCK / LOT 424 / 5 LOT DIMENSIONS 23.27' x 74.83' Approx. LOT AREA 1,740 SF Approx. EXISTING BUILDING DIMENSIONS: SF: CEILING HEIGHTS: Basement 23.25’ x 36’ 837 6’3” First Floor 23.25’ x 74.83’ 1,740 11’9” Second Floor 23.25’ x 54’ 1,256 9’6” Third Floor 23.25’ x 54’ 1,256 14’ Gross Building Area 5,089 Approx. Above-Grade Building Area 4,252 Approx. ASSESSMENT (19/20) $467,010 R.E. TAXES (19/20) $49,101 Zoning Information (All zoning information should be independently verified) Lot: 5 Zoning: C6-1G C6-1G (Approx. 23.27' x 74.83') Use Comm./Resi, Mixed Use Commercial Community Facility FAR (As of Right): 6.00/3.44 6.0 6.50 Zoning Lot SF: 1,740 1,740 1,740 BSF per Use: 10,439 10,439 11,309 Existing building: 4,252 4,252 4,252 Total Air Rights: 6,187 6,187 7,057 For more information, please contact Exclusive Agents: ANDREW T. BERRY Director (212) 589 5124 [email protected] MICHAEL F. DECHESER Senior Managing Director (212) 660 7772 [email protected] MEI LING WONG Director (212) 660 7716 [email protected] BRYAN F. HURLEY Associate Director (212) 660 7706 [email protected]