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Bowery's Amato Opera Back on the Market Asking $6.95M

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[Photo: Flickr/germuska]

The Bowery's iconic Amato Opera must be well into its fourth or fifth act by now, but where would the fun be without a plot twist at the end? And so the building at 319 Bowery?which sold for $3.7 million in 2009 and has been on the rental market for $22,500/month despite plans to reopen it as a "bar/restaurant/theater experience"?is for sale again, this time asking $6.95 million. EV Grieve points us to the listing, which doesn't attempt to explain the sizable markup but does hint at conversion possibilities. The property is "well suited for commercial residential or mix use," says the brokerbabble, and has additional air rights. "Bring your architect and your imagination." Not that either of those things especially helped the last buyer.
· Listing: 319 Bowery [Corcoran]
· The Amato Opera building is for sale now for $6.95 million [EVG]
· Amato Opera coverage [Curbed]