Marcus & Millichap Arranges $11.4M Sale of Mixed-Use Property in Manhattan

NEW YORK, June 12, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 196 Bowery, a mixed-use property in Manhattan's NoLita neighborhood. The asset sold for $11.4 million.

"As regulatory changes have pushed the rental market to new records, the sales market has followed suit," said Matt Fotis of Marcus & Millichap in New York City. "Mixed-use buildings that are free of complex regulatory history continue to command the strongest demand and pricing."

Fotis, along with Colton Traynham and Michael Weinstein of Marcus & Millichap exclusively marketed the property on behalf of the seller, Bowery Square Corp., and procured the buyer, Javeri Capital.

The eight-story, 13,000-square-foot building sits on a 0.6-acre lot between Spring and Prince Street. The property includes seven upscale apartments with private terraces and private keyed elevator access, as well as a ground-floor retail unit occupied by Genyth Tattoo.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.