The International Center of Photography has closed on a commercial condominium unit at 250 Bowery between East Houston and Prince Streets for $23.5 million, RKF announced.

The sale of the 11,000-square-foot space closed on Feb. 17, and will become home to ICP’s museum, currently at 1133 Avenue of the Americas, brokers involved in the sale said in a release. The new space includes 6,600 square feet on the ground floor and 4,400 square feet on the lower level of the 24-unit building. Read More >