236 Bowery
236 Bowery is a prime Nolita retail asset transacting at $4,473 per square foot, which is consistent with comparable SoHo and Nolita high-street retail trades in the $4,444–$5,566 PPSF range observed in recent comps. The implied cap rate of approximately 5.33% and a DSCR of 0.94x — below the critical 1.0x threshold — represent a meaningful underwriting concern for any leveraged buyer, suggesting the deal does not fully cover debt service at standard leverage assumptions. The submarket remains among Manhattan's most liquid and desirable retail corridors, supported by strong foot traffic and proximity to SoHo, providing resilience and upside through lease-up or rent growth. Both buyer and seller appear to be private parties with limited institutional track records publicly available, introducing moderate counterparty opacity. Overall the asset quality and location are strong, but the sub-1.0x DSCR and absence of disclosed financing terms warrant careful scrutiny before extending acquisition or bridge financing.
Deal Stats
Parties
Seller / Landlord
Anton F. Mayer
Anton F. Mayer appears to be a private real estate owner who held the 236 Bowery retail asset, likely as a long-term hold given the significant value implied by the sale price. His disposition at a strong PPSF suggests strategic monetization at a favorable market moment.
Buyer / Tenant
David Dalley
David Dalley appears to be a private investor active in Manhattan retail acquisitions, with limited public transaction history suggesting this may be among his larger disclosed purchases in the NYC market. His willingness to pay a premium PPSF of $4,473 in Nolita indicates conviction in the submarket's long-term retail fundamentals.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Resolve outstanding violations or liens
Active violations significantly depress the score; clearing them has high impact.
Provide sponsor financial statements
Documented liquidity and net worth reduce lender risk perception.
Submit a detailed business plan
A clear repositioning or hold strategy demonstrates deal viability.
Identify institutional co-lenders or equity partners
Reputable co-investors signal deal quality to underwriters.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Retail Sale 236 Bowery Daily limit: 3/10 David Dalley Purchases Retail Asset At 236 Bowery Manhattan From Anton F. Mayer For $44.98M SOLD $44,975,000 10,054 SF Sold 1 week ago the deal details comps related Summary NEW YORK Asset Type: Price Per Square Foot: $4,473 Total Square Footage: Transaction Type: A 10,054-square-foot retail asset located at 236 Bowery in the Nolita neighborhood of Manhattan has been sold for $44,975,000. The transaction closed on May 11, 2026, resulting in a price of $4,473 per square foot. Summary of transaction details: Property Type: Retail Transaction Amount: $44,975,000 Buyer: David Dalley Seller: Anton F. Mayer Address: 236 Bowery Market: Nolita, Manhattan Square Footage: 10,054 Price Per Square Foot: $4,473 This transaction involved David Dalley as the buyer purchasing from Anton F. Mayer, marking a significant transaction in the Nolita real estate market. Details Deal Summary IMAGE: Anton F. Mayer DATE: 05/11/2026 ADDRESS: 236 Bowery MARKET: Nolita, Manhattan ASSET TYPE: Retail BUYER: David Dalley SELLER: Anton F. Mayer SALE PRICE: $44,975,000 SF: 10,054 - PPSF: $4,473 NOTE: David Dalley has purchased a 10,054-square-foot retail asset at 236 Bowery in Manhattan's Nolita neighborhood from Anton F. Mayer for $44,975,000. The prime retail transaction closed on May 11, 2026, fetching a hefty price of $4,473 per square foot. Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. Kushner Companies Acquires SoHo Retail Condo For $39.75M New York | Retail | PPSF: $128 + 1 05/31/2019 Gaia Real Estate Acquires Retail Property From Russell Jacobson In New York New York | Retail 06/16/2022 Weybourne Properties Acquires Retail Property In New York City For $60M New York | Retail | PPSF: $4444 03/17/2023 RFR Realty Sells Retail Property At 102 Greene Street In SoHo For $46M New York | Retail | PPSF: $4927 11/08/2024 Acadia Realty Trust Acquires Retail Space At 92 Greene Street For $44 Million New York | Retail | PPSF: $5566 10/21/2024 Spear Street Capital Acquires Office & Retail Building In SoHo, Manhattan For $48.1M New York | Office | PPSF: $800 RP 10/12/2023 Acadia Realty Trust Acquires Retail Property From Lou Meisel For $50M In New York 08/31/2014 Reuben Brothers Acquires Three Manhattan Retail Buildings In SoHo And NoHo For $50M DR SR 07/28/2023 Frank Chan Acquires Retail Properties At 224 Canal Street For $33 Million With Broker Jonathan Maimran & Lance Steinberg New York | Retail | PPSF: $625 04/30/2025 Equitable Holdings Sells Retail Asset In Greenwich Village For $57 Million With Newmark As Seller's Rep New York | Retail | PPSF: $253 04/09/2025 These are similar buyers of Retail properties in this price ran Acadia Realty Trust $2B Volume 46 Closed Deals Urban Edge Properties $1B Volume 17 Closed Deals Empire State Realty Trust 95 Closed Deals Upgrade to unlock Rockfarmer Properties $87M Volume 9 Closed Deals RWN Real Estate Partners $518M Volume 8 Closed Deals Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Adam Doneger 187 Closed Deals (516) 317-7837 Andrew Merin 35 Closed Deals (310) 387-7087 Brendan Maddigan 125 Closed Deals (508) 733-8445 Brett Rosenberg 5 Closed Deals (212) 812-5926 Brett Siegel 75 Closed Deals (212) 372-0798 Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. 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Deal Type SALE LOAN LEASE Purchase Price Loan-to-Value (%) Interest Rate (%) Amortization Period 30 years Loan Term 10 years Operating Income Gross Potential Rent (Annual) Vacancy Rate (%) Operating Expenses (Annual) Property Tax Insurance Maintenance Utilities Management Reserves Reset Net Operating Income (NOI) $2,398,666.67 Debt Service Coverage Ratio (DSCR) 0.94x DSCR below 1.0x - deal does not cover debt service Cap Rate 5.33% Cash Flow (Annual) -$159,786.67 Cash-on-Cash Return -1.27% Monthly Debt Service $213,204.45 Annual Debt Service $2,558,453.34 Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. 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