236 Bowery Acquired by Building Equity Management | Real Estate Services M&A Deal

Building Equity Management has completed the acquisition of 236 Bowery, a property management business in New York, for $45 million. Building Equity Management acquires 236 Bowery to expand its real estate services footprint in Nolita, adding a four-story retail asset to its portfolio. The target property at 236 Bowery has been occupied by Bari Restaurant & Pizzeria Equipment, supporting income potential for a real estate services M&A strategy focused on mixed-use and multifamily operations. The add-on acquisition is part of Building Equity Management acquisitions and NY acquisitions, with the buyer operating as a private equity acquisition platform managing more than 125 properties across Manhattan and Brooklyn. The deal follows prior adjacent property purchases near Bowery and is expected to close as an announced add on acquisition.