244 Bowery
The acquisition of 244 Bowery at $841 per square foot is broadly in line with comparable Bowery corridor retail sales, which range from $659 to $1,358 PPSF depending on configuration and tenancy, suggesting the purchase price is defensible but not aggressive. The Traded.co calculator flags a DSCR of 0.94x at assumed financing terms, indicating the deal does not currently cover debt service and would require either all-cash execution, favorable below-market financing, or a near-term leasing catalyst to pencil at standard leverage. The NoHo and Lower East Side retail submarket has seen mixed performance post-pandemic, with strong demand for food-and-beverage and experiential tenants along Bowery but elevated vacancy risk for smaller inline spaces. Neither the buyer nor seller carries a documented institutional track record, which limits underwriting confidence around sponsor execution and lease-up capability. Overall, this is a speculative retail acquisition in a transitional corridor with execution risk and below-breakeven cash flow at market leverage, warranting cautious underwriting.
Deal Stats
Parties
Seller / Landlord
Anton F. Mayer
Anton F. Mayer appears to be a private seller with limited public-facing transaction history in NYC commercial real estate; the disposition of this asset at $841 per square foot is consistent with a long-term holder monetizing a NoHo-adjacent retail asset. No distress indicators are evident in the transaction terms.
Buyer / Tenant
David Dailey
David Dailey appears to be a private individual investor with limited publicly documented transaction history in the NYC commercial real estate market; this acquisition at 244 Bowery suggests emerging activity in the NoHo/Lower East Side retail corridor. No significant institutional backing or prior large-scale deal volume is publicly attributed to this buyer.
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 244 Bowery Daily limit: 9/10 David Dailey Acquires Retail Property At 244 Bowery In New York For $3,025,000 SOLD $3,025,000 3,595 SF Sold 3 weeks ago the deal details comps related Summary NEW YORK Asset Type: Price Per Square Foot: $841 Total Square Footage: Transaction Type: David Dailey has acquired a retail property located at 244 Bowery in New York, NY. The property encompasses a total square footage of 3,595 and was sold for $3,025,000, resulting in a price per square foot of $841. Summary of transaction details: Property Type: Retail Transaction Amount: $3,025,000 Address: 244 Bowery Market: New York, NY Square Footage: 3,595 Price per Square Foot: $841 Buyer: David Dailey Seller: Anton F. Mayer This transaction involved David Dailey as the buyer and Anton F. Mayer as the seller, representing the interests of both parties in the successful acquisition of the retail asset. See More Details Deal Summary IMAGE: 05/11/2026 ADDRESS: 244 Bowery MARKET: New York, NY ASSET TYPE: Retail BUYER: David Dailey SELLER: Anton F. Mayer SALE PRICE: $3,025,000 SF: 3,595 - PPSF: $841 NOTE: David Dailey has acquired a 3,595-square-foot retail property at 244 Bowery in Manhattan from Anton F. Mayer for $3,025,000. The transaction for the New York City asset closed at approximately $841 per square foot. Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. Justin Beck Acquires Retail Property On Bowery, Noho From Walter Samuels For $3.2M New York | Retail | PPSF: $914 04/15/2024 Joel J. Gorjian Of Gorjian Real Estate Group Acquires Retail Condos From Michael Namer For $3.3M New York | Retail | PPSF: $267 12/10/2025 Dao Hui Lin Purchases Retail Property At 171 Bowery From Clark A Whitsett For $4M New York | Retail | PPSF: $702 02/12/2024 Retail Property At 25 Great Jones Street Sold In Noho With Broker Danny Volk New York | Retail | PPSF: $659 06/20/2024 Lion Cub Development Acquires Retail Property At 170 Mercer Street From Rialto Capital For $2.35M New York | Retail | PPSF: $1156 12/23/2024 Exodus Capital Represents Seller Paul Ujlaky In $2.1M Lower East Side Retail Sale New York | Retail | PPSF: $1112 10/31/2023 Morris Sabbagh, Abraham Kassin & Steven Kashanian Acquire Retail Space From KKR For $2.5M New York | Retail | PPSF: $526 04/01/2026 Bobby Carrozzo, Robert Burton & Michael Gembecki Of Cushman & Wakefield Facilitate $4M Sale Of Retail Property In Soho New York | Retail | PPSF: $1188 05/03/2024 Clay Sussman Acquires Retail Condo On 391 Broadway In Tribeca New York | Retail | PPSF: $164 01/29/2020 H Mazal LLC Led By Tomer Hillel Acquires Retail Building At 391 Canal Street For $3M New York | Retail | PPSF: $1358 09/10/2024 These are similar buyers of Retail properties in this price range based on this deal Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. 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) $161,333.33 Debt Service Coverage Ratio (DSCR) 0.94x DSCR below 1.0x - deal does not cover debt service Cap Rate 5.33% Cash Flow (Annual) -$10,747.19 Cash-on-Cash Return -1.27% Monthly Debt Service $14,340.04 Annual Debt Service $172,080.52 Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. States National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming News Agents Agencies About About Us FAQ Testimonials Help Help Center Return Policy © 2026 Traded Media LLC . All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use