59-61 Thompson St - Apartments FOR SALE


New York, NY 10012- SoHo
$29,950,000 USD
212-589-5118
59-61 Thompson St, New York, NY for Sale
$29,950,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

59-61 Thompson St
New York, NY 10012
SoHo


HIGHLIGHTS

  • Newly Renovated
  • Stable Cash Flow
  • 85% Free Market
  • Prime SoHo Location
  • 33 Residential Units
  • Long Term Retail Tenants in Place

OVERVIEW

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, a washer/dryer in-unit, heated floors/towel racks, and dishwashers. The building comprises 33 residential units and 2 retail units. Of the 33 residential units, 28 are free market, 1 is rent-stabilized, 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.

FOR SALE DETAILS

PRICE

$29,950,000 USD

PRICE/SF

$1,414 USD /SF

# OF UNITS

35

PRICE/UNIT

$855,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

M1-5B

APN/PARCEL ID

0489-0036

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.