The tenants include Pulino's "and a smattering of Chinese good stores." A Massey Knakal rep says that a lot of the tenants have leases expiring in the next few years ...
A family trust sold the portfolio to a group led by Joseph Betesh, whose family owns the Dr. Jays hip-hop clothing stores.
Douglas Elliman's Faith Hope Consolo says that the Bowery "is the place to be." She notes that current rents are $175 to $200 a square foot now... and if the lux boom continues along here, she predicts they will hit $325 in the next five years.
Updated 2 p.m.
A few more details from a Massey Knakal news release:
The properties are located at 83, 85, 88, 103, 105, 219, 221, 262, 276, 280, and 284 Bowery. The buildings total approximately 143,230 above grade square feet with all air-rights intact. The properties are not contiguous, but nine of the 11 buildings are paired with an adjacent property, excellently located between Houston and Canal Streets.
These properties have been family owned since the 1930s which presented a rare opportunity for Milestone Equities to acquire a portfolio with tremendous upside.
[Random Bowery storefront photo from 2012]