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    88 Thompson St New York, NY 10012

    For Lease
    Contact for pricing

    Newly renovated, high-traffic location.

    Lot size:
    450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This stunning, newly renovated boutique retail space is ideally situated on a high-traffic block of Thompson Street, just steps from Spring Street. Boasting abundant natural sunlight throughout the day, this single-tenancy property offers a versatile space perfect for a variety of retail uses. The lower level includes a private bathroom. Built in 1900, the space has been completely updated and is well-suited for businesses seeking a short-term lease or downsizing opportunities. Its prime location across from Vesuvio playground ensures high visibility and foot traffic. Prestigious neighbors include Ben's Pizza, San Carlo Osteria Piemonte, Stussy, and Karl Lagerfeld, adding to the desirability of this location. The space is designed with social distancing in mind, making it a safe and comfortable environment for both employees and customers. Please note that food usage is not permitted. A landlord buyback option exists with a three-month notice. Incentives are available for a one-year prepaid lease with co-publicity. This exceptional SoHo location presents a unique opportunity to establish a thriving retail presence in a vibrant and sought-after neighborhood.

    Property Features for 88 Thompson St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    450 SF

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    Size
    450 SF

    HighLights

    • Newly renovated boutique retail space in high‑traffic SoHo location.
    • Single‑tenant occupancy in a 1900 building.
    • Sun‑drenched space with private bathroom. No food use permitted.
    • Ideal for short‑term leases, pop‑ups, or downsizing; suitable for social distancing.
    • Landlord has right to cancel buyback with 3‑month notice; discounts available for 1‑year prepaid lease with co‑publicity.
    • 7% broker commission.
    Property Profile Location Intelligence

    Current Use by Public Records

    derschutze Clothing Store Pep Real Estate Real Estate Agency Rapid Test NYC Medical Center

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.002080889065
    Latitude
    40.725664877113

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    FAQs

    What type of property is this?
    Retail property - Newly renovated, high-traffic location.
    Where is this retail property located?
    The property is located at 88 Thompson St New York, NY.
    What are key features of this property?
    This property features: Newly renovated boutique retail space in high-traffic SoHo location.; Single-tenant occupancy in a 1900 building.; Sun-drenched space with private bathroom. No food use permitted.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88 Thompson St New York, NY 10012
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