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New York & Tri-State  + Downtown New York  + Apartments  | 

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).