•In-Place Commercial Income: Two of the three commercial units are currently occupied and generating reliable cash flow. PHX 88 LLC occupies the 85 Bowery ground floor through December 2033 at $18,035 per month, with a 33% tax reimbursement over the 2023/2024 base year providing a meaningful hedge against rising operating costs. The Rubber Factory occupies the 83 Bowery second floor through September 2027, with a 20% tax reimbursement over the 2022/2023 base year. Together, these two tenants produce $27,323 in monthly in-place commercial revenue and create long-term stability and cashflow for any perspective purchaser.

•Vacant Ground Floor Upside: The 83 Bowery ground-floor commercial space is currently vacant and being marketed at $20,000 per month. Leasing this single space would push total commercial revenue to over $567,000 annually. For a buyer or end user who prioritizes stability now with a clear path to additional returns, this vacant space is a well-defined and executable opportunity in a corridor that continues to attract strong commercial tenant demand.

•Day-One Cash Flow: With a 6.4% in-place cap rate and one residential vacancy, a buyer steps into a cash-flowing asset from day one. The residential component includes 28 rent-stabilized units averaging $1,046 per month. The buildings have been well maintained, including a complete renovation of 85 Bowery which included renovated units, updated common areas, and refreshed mechanicals. The new owner can focus on leasing the vacant ground floor rather than capital expenditure.

•Location & Transportation: 83-85 Bowery sits at the intersection of Chinatown, the Lower East Side, and SoHo, one block from Canal Street and the Manhattan Bridge approach. Nearby destinations include Nom Wah Tea Parlor, Joe's Shanghai, the Chinatown Ice Cream Factory, Cervo's, and Columbus Park. The B, D, 6, N, Q, J, and Z trains are within a short walk via Canal Street and Spring Street stations.