The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$3,500,000
68 Thomas St Fl 1
New York, NY, 10013
View more New York, NY property pagesStudioBeds
2Baths
3,732Sqft
$938$/sqft
Listing Notes
68 Thomas Street Unit 1 presents a rare opportunity to acquire a 3, 732 SF retail condominium in the heart of Tribeca, positioned on Thomas Street. Offered at $4, 300, 000, the space is fully leased to SotoMethod, delivering immediate, stable income. Surrounded by luxury lofts, destination dining, and high-end retail. Please reach out to Ali Raza of The Corcoran Group for financials and scheduling to tour.
Market Insights
Below nearby median-44%
$938/sqft vs a nearby median of $1682/sqft.
Nearby median$1682/sqft
Nearby properties8
Property size3,732 sqft
- -44% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 3,732 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$6.65M$6.00M – $7.31M · 42% confidence
vs ask $3.50M−$3.15M (−90.1%)
Asking price is about 90.1% below the fair value — likely to draw competing offers if it's still on market.
$1,682/sqft median across 5 tight comps × 3,732 sqft= $6.28M
- Transit access+$157k +2.5%
- Pre-war character+$157k +2.5%
- High-density walkability+$126k +2.0%
- Open DOB violations−$63k −1.0%
Cumulative NYC adjustments+$377k+6.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
Diligence Read3 items to check
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Listing Details
- Days on market
- 18 days
- Last price change
- Down $800,000 (19%)
- Listed
- Apr 24, 2026
- Photos
- 11 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 1880
- Stories
- 5
- Total units
- 6
- Residential units
- 5
- Building area
- 11,704 sqft
- Lot size
- 2,563 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- RM
From NYC public records where available.
Price History
May 6, 2026diff
$3,500,000for sale
May 4, 2026Initial record
$4,300,000for sale
Public Records
DOB violations8 open
25 total recorded against the building
HPD violations2 open
13 total recorded
ACRIS documents0
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)17,051
Top: illegal parking
Top complaint types in ZIP 10013
- Illegal Parking2,301
- Noise - Residential1,786
- Noise - Street/Sidewalk1,075
- Homeless Person Assistance885
- Noise - Commercial836
Recent DOB
- Sep 23, 2024V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jun 20, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Apr 25, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Dec 17, 2021V-DOB VIOLATION - ACTIVE · EVCAT5-NON-RESIDENTIAL ELEVATOR PERIODIC INSPECTION/TEST ELEVATORREQUIRED
Recent HPD
- Apr 29, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 17, 2025Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Apr 1, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 15, 2023Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.