65 Thompson St - Apartments CONDO FOR SALE


New York, NY 10012- SoHo
$1,400,000 USD
212-916-2932
65 Thompson St, New York, NY for Sale
$1,400,000 USD
Apartments CONDO - FOR SALE
1/3
null | 5.55% Cap Rate

65 Thompson St
New York, NY 10012
SoHo


HIGHLIGHTS

  • Fully leased retail condo with 3.5 years WALT.
  • Prime SoHo location between Broome and Spring Streets.
  • Tenant: Art & Autonomy Salon, operating since 2015.
  • Over 250,000 daily pedestrians in the area.
  • Net operating income of $77,680 annually.
  • Asking price of $1,400,000 with strong price/SF metrics.

OVERVIEW

Located in the heart of SoHo, 65 Thompson Street presents a rare opportunity to acquire a fully leased retail condominium with strong in-place income and exceptional visibility. Positioned between Broome and Spring Streets, this 1,303 SF ground-floor unit benefits from consistent pedestrian traffic exceeding 250,000 daily, driven by the neighborhood’s dynamic mix of retail, residential, and office uses. The property is leased to Art & Autonomy, a luxury hair salon that has been a staple in the community since 2015. With 3.5 years of weighted average lease term remaining, the tenant provides stable cash flow and brand recognition, having earned accolades including a feature on Jimmy Fallon. The lease generates $146,240 in annual revenue, with a net operating income of $77,680 after expenses. SoHo’s vibrant retail corridor, proximity to multiple subway lines, and affluent residential base make this asset ideal for investors seeking long-term value in a premier Manhattan location. The unit’s frontage on Thompson Street ensures high visibility, while the surrounding blocks offer a curated mix of boutiques, galleries, and dining destinations that attract both locals and tourists. This offering combines strong financials, a proven tenant, and a location that continues to outperform in terms of foot traffic and retail demand.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$1,074 USD /SF

CAP RATE

5.55%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

9,012 SF

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7-2

APN/PARCEL ID

0489-1001,0489-1002,0489-1003,0489-1004,0489-1005,0489-1006,0489-1007

ASK ABOUT THIS PROPERTY

Maurice SuedeNewmarkMore Info
212-916-2932

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Maurice SuedeNewmarkMore Info
212-916-2932

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