Efficiency Capital Advisors Acquires Mixed-Use Property In Greenwich Village, Manhattan For $14.3M

The mixed-use property located at 228 Thompson Street in Greenwich Village, Manhattan has been sold for a total price of $14,300,000. The property features 7,128 square feet of space, resulting in a price per square foot of $2,006. It consists of a combination of retail and residential units, offering a versatile investment opportunity. The property comprises a total of 9 units, with each unit valued at approximately $1.58 million.

Summary of transaction details

• Property Type: Mixed-Use Retail Resi
• Transaction Amount: $14,300,000
• Address: 228 Thompson Street, New York
• Market: Greenwich Village, Manhattan
• Square Footage: 7,128
• Price per Square Foot: $2,006
• Number of Units: 9
• Price per Unit: $1.58 million

The property was sold by Icon Realty, a well-known seller in the real estate market. The buyer of the property is Efficiency Capital Advisors, who recognized the potential of this mixed-use asset. The transaction was facilitated by the brokerage firm Cushwake, and the deal was handled by Hall Oster, Teddy Galligan, and Tim O'Brien from Cushwake's team. Their expertise and knowledge played a crucial role in successfully closing this deal.