Veracity Equities has picked up a mixed-use multifamily asset at 59 Thompson Street for $21.055 million. Trading for $1,315 per sqf, the six-story, 15,918 sqf walk-up building consists of two ground-floor commercial units and 34 residential apartments. Of the 34 units, 27 are free market and 7 are subject to rent stabilization. The building is currently under renovation due to a fire this past August that’s given the buyer the opportunity to reposition both the retail and residential components of the scheme. Cushman & Wakefield’s Robert Burton and Keegan Mehlhorn represented the seller, Whistlepig Associates. “We received a great deal of interest in the property as investors rightfully saw the diamond in the making. We’re happy to have provided ownership with the best-fitting buyer who will take 59 Thompson to its full potential and capitalize on SoHo’s growth,” said Cushman & Wakefield’s Robert Burton.
