The building at 190 Bowery is a mystery: a graffiti-covered Gilded Age relic, with a beat-up wooden door that looks like it hasn’t been opened since La Guardia was mayor. A few years ago, that described a lot of the neighborhood, but with the Bowery Hotel and the New Museum, the Rogan and John Varvatos boutiques, 190 is now an anomaly, not the norm. Why isn’t some developer turning it into luxury condos?
Because Jay Maisel, the photographer who bought it 42 years ago for $102,000, still lives there, with his wife, Linda Adam Maisel, and daughter, Amanda. It isn’t a decrepit ruin; 190 Bowery is a six-story, 72-room, 35,000-square-foot (depending on how you measure) single-family home.
“I can’t believe it,” says Corcoran’s Robby Browne, an expert in downtown real estate. “I thought it was vacant.”
Read more at http://nymag.com/realestate/vu/2008/09/50481/
190 Bowery, the Greatest Real-Estate Coup of All Time? – New York Magazine.