Image courtesy of Lori Zimmer
We all knew this day would come. 190 Bowery is currently undergoing a deep cleaning as its new owners prime it for its next life as a luxury mixed-use condo/retail development.
One of New York’s most mysterious buildings continues to come further into light, now with a brand new marketing video (h/t EV Grieve) that not only shows us images of the building completely graffiti-free, but how its former owner, photographer Jay Maisel, had set up his work and living spaces. The three-minute video offers up a fly-through tour of the home, focusing in on just how spectacular and well-kept the interiors are. There are stunning shots that zoom in on the ornate moulding, others that zip through the vault, and close-ups of the iron work that adorn the staircases and elevator—in addition to a slew of other incredible details. The walls are also covered in Maisel’s modern works, which juxtapose nicely with their historic setting.
Maisel purchased the 72-room, 35,000-square-foot building—originally built in 1898 as the Germania Bank—for just $102,000 back in the ’70s, calling it his family home and studio for decades. The photographer inked a deal to sell the home last year to developer Aby Rosen and recently filed records show that he received a whopping $55 million for the six-story structure. Rosen is currently marketing the building as a retail-condo development.
Video by Digital Destinations
It’s being considered one of the greatest returns on investment in New York City real estate history, reports the Daily News. Photographer Jay Maisel bought the now-famous graffiti-covered home at 190 Bowery back in 1966 when it was abandoned for only $102,000, and he’s now officially sold the Gilded Age bank building to developer Aby Rosen of RFR Realty for $55 million.
Developers have been urging Maisel to sell ever since the Bowery changed from a seedy row of drugs and flop houses to a trendy destination for foodie-favorite restaurants and high-end boutiques. Rosen finally convinced the artist, who lived in the six-story, 72-room mansion with his wife and daughter, to sell on the basis that it had no heat and was in disrepair.
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.
Leeser Architects, designer of the Museum of the Moving Image expansion in Astoria, seems to be single-handedly upping the architecture ante in the outer-boroughs. Fresh off the heels of demolition commencing on the site of their multi-faceted 30-story Marriott Autograph Collection tower in the BAM Cultural District, Leeser may also be busy in the conversion of DUMBO’s five-building Jehovah Witness Watchtower complex into a high tech incubator and residential tower.