Greenwich Village MXU Turns at $1,600 PSF
Cushman & Wakefield has arranged the sale of 228 Thompson St., a mixed-use building in Greenwich Village. The property, which recently underwent a gut renovation, traded for $14.3 million, or approximately $1,625 per square foot. Buyer and seller were not disclosed.
“The buyer secured a turn-key mixed-use building with significant in-place cash flow that will continue to benefit from its world-class location,” said Hall Oster of Cushman & Wakefield. Oster marketed the property with a team including Guthrie Garvin, Michael Gembecki and Teddy Galligan.
Just south of Washington Square Park and adjacent to NYU’s main campus, 228 Thompson consists of ground-floor retail and four large apartments. The five-story property dates from 1900.
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