55 Sullivan Street
55 Sullivan Street, New York, NY 10012
BBL 1004897502 · BIN 1088605
- Year built
- 2009
- Type
- Condominium
- Landmark status
- Not an individual landmark; in the Sullivan-Thompson Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Full-time doorman
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, but actual common charges, included services and reserve needs require current budget review.
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.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $18,649/yr
- Per unit / month range
- $0 – $40
- Modeled exposure split equally across 39 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 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, so taxes on these units have stepped up toward the full assessed amount. Get the current tax bill for the specific apartment and compare its tax component with any older listing: an earlier carrying-cost figure may reflect the benefit, or different common charges and assessments. Treat a comparable sale made while the abatement was still running as priced under different taxes.
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.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
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; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at Soho 55 Thompson and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with Soho 55 Thompson and its market
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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, using dated matched sales rather than assuming scarcity or a premium. Confirm the condominium application and waiver timetable for the right-of-first-refusal process in the governing documents. Position the upper-floor, best-lit homes accordingly — assess their actual exposure and price differences from matched sales.
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 2020 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.
Considering a move at Soho 55 Thompson?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com