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All the United States New York State Manhattan 190 Bowery

190 Bowery

The greatest real estate coup of all time.

New York, New York

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About

190 Bowery looks abandoned, forgotten, covered in trash and graffiti on an otherwise well-maintained major street in Manhattan. A hulking six story, 72-room mass built as the Germania Bank Building in 1898, today the structure is a single family home.

It's the American Dream as a house, a building that went from rags to riches on a street once known for its murders, now known for its centrality. Photographer Jay Maisel broke the bank when he bought the bank in 1966 for $102,000. Back then, the Bowery wasn't a place you went so much as ended up, and the main floor (now a basketball court) was allegedly knee-deep in garbage and coated in soot, with "every single thing that can come out of a human body" left on the doorstep. Maisel's parents cried. 

Today, the bohemian castle may look deceptively decrepit on the outside, but inside it's a dream. A home-made ventilation system (to deter the insane expense of what central air would cost in such a space) consists of a network of plastic tubing throughout the building. The original 1898 copper cage elevator still works, the second and third floor are gallery spaces, the  fifth floor has various workshops (including a room dedicated to Mylar-window shades), the sixth floor has bedrooms, bathrooms, and the kitchen, and the roof a wowing view of lower Manhattan.

The family occasionally finds new rooms, and take-out is a "riot", since no right-minded delivery boy believes such a hulk houses just four people.

Today, 190 Bowery is estimated of having a worth anywhere between $30 and $70 million, and is certainly in the running for best property snag of all time.

Care to take a look inside? Maisel teaches private photography classes in his home, but it'll cost you $5,000.

Update September 2016: This place has been sold to be turned into high-end office space. 

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Published

October 27, 2013

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Sources
  • http://nymag.com/realestate/vu/2008/09/50481/
  • http://lostnewyorkcity.blogspot.com/2009/08/graffiti-of-190-bowery.html
  • http://190thebowery.com/
  • http://en.wikipedia.org/wiki/Germania_Bank_Building_(New_York_City)
  • http://www.tumblr.com/tagged/190-bowery
  • http://ny.curbed.com/archives/2008/09/22/is_190_bowery_the_best_real_estate_deal_ever.php
  • http://thewavejournal.com/Art/jay-maisel-building-190-bowery-ny-ny.html
  • http://www.refinery29.com/jay-maisel-bowery-nyc-mansion#slide-1
  • http://www.refinery29.com/jay-maisel-bowery-nyc-mansion#slide-1
  • http://design-crisis.com/tag/190-bowery/
  • http://ny.curbed.com/2016/6/16/11955792/190-bowery-germania-bank-graffiti-removal-nekst
  • http://ny.curbed.com/2016/5/17/11691500/photos-190-bowery-nyc-landmark-office-space
190 Bowery
190 Bowery
New York, New York, 10012
United States
40.721194, -73.994084
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