250 Bowery Street
250 Bowery is a retail condominium located in Manhattan on the west block between East Houston and Prince Streets.
Property Highlights250 Bowery features 6,600 SF of retail space on the ground floor with an additional 4,400 SF on a lower level (for a total of 11,000 SF).
Tricap originally purchased this property in August 2013 for $15.75M then re-capitalized the property with a life insurance company partner in March 2014. Just under a year later, in Feb 2015 Tricap disposed of this asset for a $23.5M sale price achieving strong returns for all parties.
Nolita, New York City, NY