Aby Rosen’s RFR is in contract to buy 190 Bowery

Developer confirms deal for much sought-after home of photographer Jay Maisel

New York /
Sep.September 17, 2014 02:50 PM

Aby Rosen has confirmed that RFR Realty is in contract to purchase the former Germania Bank building at 190 Bowery, the much sought-after home to a photographer.

Jay Maisel bought the 37,000-square-foot building at the corner of Spring Street for $102,000 in 1966. He has occupied it with his family for much of that time. The six-story building is well-known for its graffiti-covered exterior and has been valued at $50 million, according to multiple reports.

“The building is in terrible shape. There’s no heat, Jay lives in just a small area of the building, another winter is coming and it was time,” Rosen told the New York Times. “When you own a property for that long, and you are not a real estate professional, it takes a lot of convincing.”

Last month, reports emerged that RFR was marketing the building, but the company did not confirm that it was the owner. Rosen would not disclose the selling price, but told the Times the building could be converted to a mix of condos and retail, offices or an art gallery. [NYT] — Tom DiChristopher


Related Articles

arrow_forward_ios
Joshua Kushner and Karlie Kloss, with the Puck Building at 295 Lafayette Street (Photos via Getty, Ceros)
Joshua Kushner, Karlie Kloss selling Puck Penthouses condo
Joshua Kushner, Karlie Kloss selling Puck Penthouses condo
Joshua Kushner and Karlie Kloss with the Puck building (Getty, Kushner Companies)
Joshua Kushner, Karlie Kloss to buy Puck penthouse
Joshua Kushner, Karlie Kloss to buy Puck penthouse
Clockwsie from top left: Aby Rosen with 980 Madison Avenue, 258-278 Eighth Avenue, 1 West Street and 511 Lexington Avenue (RFR, JJ Operating, Google Maps)
These were the largest Manhattan real estate loans in July
These were the largest Manhattan real estate loans in July
Dr. Samantha Boardman. Inset: Aby Rosen (Getty, iStock)
Aby Rosen’s wife: “Huge amount of dread” about return to offices
Aby Rosen’s wife: “Huge amount of dread” about return to offices
David Bowie and 285 Lafayette Street (Getty, Kushner Companies)
Ground control to Nolita: David Bowie’s apartment sells, asking $17M
Ground control to Nolita: David Bowie’s apartment sells, asking $17M
Aby Rosen and 60 East 55th Street. (Getty, Google Maps)
Special servicer calls for Aby Rosen’s home of Core Club to be sold at auction
Special servicer calls for Aby Rosen’s home of Core Club to be sold at auction
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
From left: RFR’s Aby Rosen, Vanke US managing director Kai-yan Lee and 100 East 53rd Street (Photos via Tdorante10/Wikipedia and Getty)
Chinese bank seeks foreclosure of RFR and Vanke’s Midtown condo project
Chinese bank seeks foreclosure of RFR and Vanke’s Midtown condo project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...