One of the city’s most mysterious buildings has become a whole lot less intriguing with this newly released rendering from Massey Knakal. The image, which was pulled from the marketing materials of the broker by Bowery Boogie, shows a very pristine 190 Bowery totally free of graffiti and all lit up.
Formerly the Germania Bank Building—and formerly the home of photographer Jay Maisel—the massive 72-room building was reportedly recently purchased by Aby Rosen of RFR Realty for an undisclosed amount (the sale has yet to hit city records) and, to much surprise, was put back on the market just a couple of weeks ago as a flip.
The Germania Bank Building at 190 Bowery was home to Jay Maisel and family for 45 years. Photo: Beyond my Ken via Wikimedia Commons.
The new image shows us a spic ‘n span building with its windows opened up on the ground floor. Massey Knakal pins the property as a “remarkable conversion opportunity” with the chance to “change the landscape of the Bowery for years to come.”
No price has been given for the 35,617 square-foot structure, but previous estimates have valued it at $50+ million. Jay Maisel purchased the building back in 1966 for $102,000, and as Bowery Boogie writes, as “the urban lore goes, the artist and family refuse to scrub the graffiti from the building because the city allegedly rebuffed his attempts to do the same in the bad old days of the Bowery.”
Although the property will change hands again very soon, its (rumored) fate is likely to remain the same: luxury condos.
Will you be sad to see the graffiti on this building go?
[Via Bowery Boogie]