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65 Thompson St 1,303 SF Retail Condo Unit Offered at $1,400,000 in New York, NY 10012
INVESTMENT HIGHLIGHTS
- Fully leased retail condo with 3.5 years WALT.
- Tenant: Art & Autonomy Salon, operating since 2015.
- Net operating income of $77,680 annually.
- Prime SoHo location between Broome and Spring Streets.
- Over 250,000 daily pedestrians in the area.
- Asking price of $1,400,000 with strong price/SF metrics.
EXECUTIVE SUMMARY
Well positioned on Thompson between Broome and Spring Streets.
PROPERTY FACTS
| Total Building Size | 9,012 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 1,502 SF |
| Property Subtype | Apartment | Year Built | 1920 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements | ||
| Total Building Size | 9,012 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 1,502 SF |
| Year Built | 1920 |
| Lot Size | 0.06 AC |
| Zoning | R7-2 - Medium-density apartment house district with lower parking requirements |
AMENITIES
UNIT AMENITIES
- Air Conditioning
1 UNIT AVAILABLE
Unit 1A
| Unit Size | 1,303 SF | Sale Type | Investment |
| Price | $1,400,000 | Cap Rate | 5.55% |
| Price Per SF | $1,074.44 | NOI | $77,680 |
| Condo Use | Retail | APN/Parcel ID | 0489-1001 |
| Unit Size | 1,303 SF |
| Price | $1,400,000 |
| Price Per SF | $1,074.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| NOI | $77,680 |
| APN/Parcel ID | 0489-1001 |
SALE NOTES
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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
CONTACTS
-
Maurice Suede -
Daniel O'Brien -
Ronald Solarz -
Michael Kavanagh -
Christine Felling -
Newmark
Presented by
65 Thompson St
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