Description

SUSAN PENZNER Real Estate has been engaged by Ownership to offer for sale 180 Spring Street a/k/a 82 Thompson Street (the “Property”) a 4-story mixed-use property in Soho. The approx. 3,240sf building sits on an approx. 1,188sf lot with R7-2 zoning with a C1-5 overlay. The property is 100% occupied with all upper floor leases expiring in 2025. The gross rent for the building exceeds $360,000.

The three free-market apartment provide an excellent value-add opportunity in one of New York’s most iconic neighborhoods.

This altered Greek Revival row house, at the corner of Spring & Thompson Streets, was built for the baker James Gibson in 1848. The building underwent several modifications over the years and is currently configured as a retail occupied by a long-running neighborhood restaurant and 3 free-market apartments.

A new roof was installed in 2014; the building underwent a façade renovation at that time. The property could benefit from infrastructure and cosmetic upgrades to maximize market rents.

Soho remains a major NYC shopping & dining destination. Nearby iconic dining includes Omen, Raoul’s, Pera, Lauderee, The Dutch, Little Prince, & Citarella’s. To the west is Hudson Square, which has become a major tech, advertising, and media hub, including headquarters for Google (2024), ABC (2024) as well as for Publicis, Havas, and many others.

Conveniently located to public transit, with the C & E lines within two short blocks, and the 1, 9, N, R, Q, W, F, M, B, & D lines all within a few blocks.

Price: $5,900,000

Historic District:
Block / Lot: 00488-0015
Lot Dimensions: +/- 19ft x 62.5ft
Lot Size: +/- 1,188sf
Building Dimensions: +/-19ft x 54ft
Stories: 4 + basement
Retail: 1 unit
Residential: 3 units
Total SF: +/- 3,240sf (above grade)
Zoning: R7-2, C1-5
Tax Class: 2A

BROCHURE & FLOOR PLAN