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Landmark Bowery bank building sells for $20 million

Stanford White structure has been converted to high-end event venue
By Coryn Novak
CoStar Research
August 5, 2025 | 4:38 P.M.

In a notable transaction within Manhattan’s historic property market, hospitality operator Ilya Zavolunov has purchased the Bowery Savings Bank Building at 130 Bowery, which in recent years has been a luxury event venue called the Capitale, for $20 million.

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