59 Thompson St, New York, NY 10012

Cushman & Wakefield has been exclusively retained to arrange the sale of 59 Thompson Street, a 40’ wide, mixed-use multifamily building located just south of Spring Street in SoHo, one of Manhattan’s premier locations.

Recently renovated, some of the features of the building include a virtual doorman, individual split heating / cooling units in each apartment, washer/dryer in-unit, heated floors/towel racks, and dishwashers. The building is comprised of 33 residential units and 2 retail units. Of the 33 residential units, 28 are free market, 1 is rentstabilized, and 4 are rent-controlled.

This is a prime cash-flowing opportunity in one of the strongest sub-markets in Manhattan. The property has historically had extremely low vacancy, offering an investor strong and stable income. Each apartment has been beautifully designed with new kitchens, stainless steel appliances, new bathrooms, oak floors, exposed brick walls, high ceilings, and oversized windows, which ensures the units can obtain top-of-the-market rents.

The property is located within walking distance to many of New York’s most sought-after landmarks including Washington Square Park, Hudson River Park, and the Historic West Village Neighborhood. Furthermore, 59 Thompson has easy access to New York’s public transportation via numerous bus lines and the A , C , E , B , D , F , M , 1 and 2 subway lines.