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180 Spring St

3,216 SF 100% Leased Retail Building New York, NY 10012 $5,900,000 ($1,835/SF) 4.10% Cap Rate

Retail Space New York New York 180 Spring St, New York, NY 10012

Executive Summary

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 residential leases expiring in 2025. The gross rent for the building exceeds $360,000.
The three apartments are currently at below-market rents, providing an excellent value-add opportunity in one of New York’s most iconic neighborhoods.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,216 SF
Building Class
B
Year Built
1848
Price
$5,900,000
Price Per SF
$1,835
Cap Rate
4.10%
NOI
$241,900
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.46
Land Acres
0.03 AC
Zoning
R72, New York - Medium-density apartment house district with lower parking requirements
Frontage
20 FT on Spring

Amenities

  • Bus Line
  • Corner Lot
  • Metro/Subway

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Bistro Les Amis
  • -
  • 803 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Bistro Les Amis - 803 SF - -
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Trader Joe's
Chopt
Bareburger
Citi
Chase
Corepower Yoga
Just Salad
Starbucks
Capital One
Bank of America

PROPERTY TAXES

Parcel Number 0488-0015 Improvements Assessment $408,794
Land Assessment $576,000 Total Assessment $554,710

PROPERTY TAXES

Parcel Number
0488-0015
Land Assessment
$576,000
Improvements Assessment
$408,794
Total Assessment
$554,710
(212) 343-1909 x13

  • Listing ID: 32379441

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 180 Spring St, New York, NY 10012

More public record information on 180 Spring St, New York, NY 10012

The Retail Property at 180 Spring St, New York, NY 10012 is currently available For Sale. Contact Susan Penzner Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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180 Spring St
(212) 343-1909 x 13

180 Spring St

Nathan Stange

(212) 343-1909

x13

(212) 343-1909 x13

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