NEW YORK—An investor group, led by Joseph Betesh of Milestone Equities, has acquired the Bowery Portfolio, which consists of 11 mixed-use properties between Houston and Canal streets of the Bowery.
The properties, located at 83, 85, 88, 103, 105, 219, 221, 262, 276, 280 and 284 Bowery, changed hands in an all-cash transaction valued at $62 million.
Massey Knakal’s John F. Ciraulo, Michael A. Azarian, Robert Burton and Michael DeCheser exclusively represented the seller, a family trust that has owned the portfolio since the 1930s, in the transaction.
Taken together, the buildings total approximately 143,230 sq. ft.