55 Sullivan Street
55 Sullivan Street, New York, NY 10012
BBL 1004897502 · BIN 1088605
- Year built
- 2009
- Type
- Condominium
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Soho 55 Thompson would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
55 Sullivan Street — marketed as Soho 55 Thompson — is a 2009 boutique condominium on a quiet South Village block between Broome and Grand, where Greenwich Village meets SoHo. Designed by the Stephen B. Jacobs Group, it rose on a site that had been an auto-repair shop and, before that, an empty lot, bringing new condominium homes to one of downtown's most coveted low-rise corridors.
The building's design is clean and contemporary — an imaginative facade of large squarish windows set in off-white paneling that brings abundant light into the residences while reading as a calm, modern neighbor on a block of older buildings. With roughly 39 homes across nine stories, it is intimate by design, offering loft-scaled living in a neighborhood where genuine inventory is scarce and tightly held.
For buyers, the case is new-construction quality and light in a true SoHo/South Village location — steps from the neighborhood's galleries, restaurants, and shopping, with the Spring Street and Houston Street transit close at hand.
Architecture and unit composition
The Stephen B. Jacobs Group facade is the building's signature: large, nearly square windows set into off-white paneling, an unexpected and light-filled composition on a low-rise block. It is modern without being glassy — a building designed to bring in light and views while respecting the scale of its surroundings.
Inside, the roughly 39 residences span nine stories, with the loft-scaled proportions, tall ceilings, and oversized windows the facade promises. New construction here delivers contemporary systems, modern kitchens and baths, and the open volume that buyers seek in the SoHo/South Village market. Layouts vary by floor and line; the upper homes capture the best light and the open downtown sky.
Building operations
55 Sullivan runs as a boutique new condominium with the streamlined services a building of this size supports — an elevatored, well-kept building focused on quality homes rather than a sprawling amenity floor, which keeps common charges efficient.
As a condominium, ownership is flexible. Purchases clear through a condominium right-of-first-refusal rather than a co-op board interview, financing is not capped the way it is at co-ops, and pied-à-terre, investor, and LLC purchases are customary. Common charges, transfer provisions, and house rules follow the building's offering plan, which we help buyers read.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $4,220/yr
- Per unit / month range
- $0 – $9
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2022
- Fully taxed from
- FY2023 (2022–23)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2023 runs July 1, 2022 to June 30, 2023. The benefit last appears on the 2022 assessment roll, which is what dates the end of the term.
Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| May 11, 2004 | — | $1,100,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00489-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What to know if you’re buying
This is new construction with condominium flexibility. Financing is not capped the way it is at co-ops, the purchase process is condominium-standard — a right-of-first-refusal rather than a board package — and pied-à-terre and investor purchases are customary. The differentiators are light and floor: the oversized windows make exposure central to value, so evaluate the line and the level carefully. Read the offering plan for common charges and the tax picture. The location — a quiet South Village block in the heart of downtown's most desirable low-rise district — is the durable asset.
What to know if you’re selling
Lead with light and location. The signature windows and loft scale, on a coveted South Village block, are an easy story to tell. Benchmark to the SoHo/South Village condominium segment, where new product on a low-rise block is scarce and trades at a premium. The condominium structure speeds the close through a right-of-first-refusal, a real advantage for the flexibility-minded downtown buyer. Position the upper-floor, best-lit homes accordingly — that is where the premium concentrates.
Comparable buildings
If you're considering 55 Sullivan Street, also look at these nearby SoHo and Village options:
- 136 Sullivan Street — South Village building nearby
- 110 Charlton Street — a 2018 Hudson Square condominium
- 100 Vandam Street — South Village / Hudson Square condominium
- 25 Bond Street — BKSK Architects's 2008 Manhattan condominium
- 1 Bond Street — NoHo cast-iron conversion
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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