Former Soho garage now asking $6.5K for one-beds

New York /
Jul.July 21, 2010 03:30 PM

55 Thompson Street and Richard Cantor, who is marketing the building

The site of the city’s first indoor parking garage has been transformed
into a loft-like rental building that will open in September with some
of the highest asking rents in Soho, the Wall Street Journal reported.
The nine-story, 38-unit building at 55 Thompson Street was called the
Tunnel Garage due to its proximity to the Holland Tunnel. The new
building has mostly one-bedroom apartments starting at $6,500 a month
and two-bedrooms starting at $12,000 a month. Amenities include
terraces, 10-foot ceilings, gas fireplaces, white oak floors and views
of the Empire State Building. After years of wrangling with local
preservationists and the city’s Bureau of Standards and Appeals,
developer Manhattan Skyline won permission to demolish the two-story
garage built in 1922, and to put up the residential building, which
also includes ground-floor retail space. Richard Cantor, a principal of
Cantor Pecorella, which is marketing the building, said the new units
will carry above-average rents because the building is unique, keeping
with “the low-rise European character of Soho” compared with most new
rentals found in large “cookie cutter” rental buildings. [WSJ]

 

Related Articles

arrow_forward_ios
From left: 944 Fifth Avenue, 67-69 East 93rd Street and 15 East 88th Street (Google Maps)
Three Manhattan sellers aim high asking $25M+ for luxury pads
Three Manhattan sellers aim high asking $25M+ for luxury pads
From left: 909 Third Avenue, 79 Fifth Avenue, 240 West 37th Street and 27 East 62nd Street (VNO, Cercone Exterior Restoration, Google Maps)
These were the largest Manhattan real estate loans in April
These were the largest Manhattan real estate loans in April
Steven Steckel, Oliver Schwalbe and Jeff Adler (Getty)
Influencer co-working, Knicks practice space: The future of NYC real estate?
Influencer co-working, Knicks practice space: The future of NYC real estate?
Mayor Bill de Blasio (iStock, Getty)
De Blasio’s own staff says his hotel plan could cost NYC $7B
De Blasio’s own staff says his hotel plan could cost NYC $7B
Clockwise from left: Flushing’s Main Street, City Point in Brooklyn and Bronx’s Fordham Road (Getty)
Manhattan’s retail loss is outer boroughs’ gain
Manhattan’s retail loss is outer boroughs’ gain
(Getty)
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan retail market awaits recovery as vacancies rise in Q1
1440 Broadway and One Park Avenue (Google Maps, Vornado)
These were the largest Manhattan real estate loans in March
These were the largest Manhattan real estate loans in March
Sen. Brad Hoylman (Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
New York legislator proposes “tenant union” to fight evictions
New York legislator proposes “tenant union” to fight evictions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...