{"id":264594,"date":"2026-06-12T16:25:08","date_gmt":"2026-06-12T16:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/264594\/"},"modified":"2026-06-12T16:25:08","modified_gmt":"2026-06-12T16:25:08","slug":"marcus-millichap-arranges-11-4-million-sale-of-mixed-use-property-in-manhattan-nyrej","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/264594\/","title":{"rendered":"Marcus &#038; Millichap arranges $11.4 million sale of mixed-use property in Manhattan : NYREJ"},"content":{"rendered":"<p style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"450\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/06\/196 Bowery-paper.jpg\" width=\"800\"\/><\/p>\n<p>Manhattan, NY <a class=\"connect_link\" href=\"https:\/\/nyrej.com\/directory\/marcus-millichap\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> negotiated the sale of 196 Bowery, a mixed-use property in the NoLita neighborhood. The asset sold for $11.4 million.<\/p>\n<p>\u201cAs regulatory changes have pushed the rental market to new records, the sales market has followed suit,\u201d said Matt Fotis of <a class=\"connect_link\" href=\"https:\/\/nyrej.com\/directory\/marcus-millichap\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> in New York City. \u201cMixed-use buildings that are free of complex regulatory history continue to command the strongest demand and pricing.\u201d<\/p>\n<p>Fotis, along with Colton Traynham and Michael Weinstein of <a class=\"connect_link\" href=\"https:\/\/nyrej.com\/directory\/marcus-millichap\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> exclusively marketed the property on behalf of the seller, Bowery Square Corp., and procured the buyer, Javeri Capital.<\/p>\n<p>The eight-story, 13,000 s\/f building is on a 0.6-acre lot between Spring and Prince Sts. The property includes seven upscale apartments with private terraces and private keyed elevator access, as well as a ground-floor retail unit occupied by Genyth Tattoo.<\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan, NY Marcus &amp; Millichap negotiated the sale of 196 Bowery, a mixed-use property in the NoLita neighborhood.&hellip;\n","protected":false},"author":2,"featured_media":264595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-264594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/264594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=264594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/264594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/264595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=264594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=264594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=264594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}