Purchase Price For 190 Bowery Revealed: $55 Million
Last fall, Aby Rosen of RFR Realty revealed that he had purchased 190 Bowery, the historic Germania Bank Building, from photographer Jay Maisel. Now the purchase has hit public records.
The Daily News calls it “one of the greatest returns on investment in the history of New York City real estate.” According to the records filed with the city’s finance department, the purchase price was $55 million. Maisel bought the building for $102,000 in 1966.
Late last year, Rosen listed the building for sale again, attempting to flip the property: Here’s the blurb from RFR’s website:
190 Bowery, at the corner of Bowery and Spring, was originally constructed as the third home of the Germania Bank in 1898. The limestone building is 6 stories, with a basement and roof terrace. Floors measure approximately 6,260 SF each and have 11-foot ceiling heights. The ground and second floors have 18-foot ceiling heights and are ideal for retail use. 190 Bowery was designated a New York City Landmark on March 29, 2005.
Rosen told the New York Times that the building “could be converted for retailing at the base with condominiums above, or possibly offices or even an art gallery.”