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59-61 Thompson St 35 Unit Apartment Building $41,807,805 CAD ($1,194,509 CAD/Unit) New York, NY 10012
INVESTMENT HIGHLIGHTS
- Newly Renovated
- 85% Free Market
- 33 Residential Units
- Stable Cash Flow
- Prime SoHo Location
- Long Term Retail Tenants in Place
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $41,807,805 CAD | Building Class | C |
| Price Per Unit | $1,194,509 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 21,180 SF |
| No. Units | 35 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1905/2020 |
| Apartment Style | Mid-Rise | ||
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $41,807,805 CAD |
| Price Per Unit | $1,194,509 CAD |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 21,180 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1905/2020 |
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 0489-0036 | Improvements Assessment | $2,451,526 CAD |
| Land Assessment | $301,779 CAD | Total Assessment | $2,753,305 CAD |
PROPERTY TAXES
Parcel Number
0489-0036
Land Assessment
$301,779 CAD
Improvements Assessment
$2,451,526 CAD
Total Assessment
$2,753,305 CAD
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59-61 Thompson St
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