Highlights
•Newly renovated with modern finishes and amenities •Stable, cash-flowing asset with low historical vacancy •85% of residential units are free market •Prime SoHo location with strong tenant demand •33 residential units and 2 long-term retail tenants in place
Description
Cushman & Wakefield is exclusively marketing 59 Thompson Street, a 40’-wide mixed-use multifamily building situated just south of Spring Street in SoHo, one of Manhattan’s most coveted neighborhoods. The recently renovated property features modern amenities including a virtual doorman, in-unit washer/dryers, split heating and cooling units, heated floors and towel racks, and dishwashers. The building comprises 33 residential units—28 free market, 1 rent-stabilized, and 4 rent-controlled—along with 2 retail spaces. Each apartment showcases oak floors, exposed brick, high ceilings, oversized windows, and updated kitchens and bathrooms, allowing for premium rental income and strong tenant appeal. This is a prime, cash-flowing investment in a high-demand submarket. The building has historically maintained exceptionally low vacancy, offering stable, long-term income. The location is highly walkable, with proximity to Washington Square Park, Hudson River Park, and the Historic West Village, and excellent access to public transportation via the A, C, E, B, D, F, M, 1, and 2 subway lines and multiple bus routes.
Listing Details
- Space Type
mixed-use
- Sub Category
mixed-use-multifamily / mixed-use-retail
- Date Listed
2/3/2026
Property Specifics
- Property Name
59 Thompson Street
- No of Stories
6
- Building Size
21,180 SF
- Lot Size
4,000 SF
- Zoning
M1-5B