Overview
Newmark is pleased to present the exclusive offering of the retail condominium at 158 Wooster Street, a premier corner asset located at the intersection of Wooster and West Houston in SoHo. The property spans 3,958 square feet—2,932 SF on the ground floor and 1,026 SF on the lower level—and is 100% leased to Bulthaup, a global leader in premium kitchen and living space design.
Bulthaup has operated its flagship New York City showroom at this location for over 13 years. In 2019, the company invested more than $7 million into the space and is actively renovating again in 2025, demonstrating its long-term commitment to the location. This dedication was further reinforced in 2020 with the signing of a new 10-year lease, that currently has with 4.6 years of WALT remaining. The remaining lease term, steady 3.0% rent increases, and the tenant’s ongoing commitment, provides incoming investors with a reliable stream of cash flow from a stable, long-term occupant.
Investment Highlights
DURABLE CASH FLOW STREAM WITH STRONG LEASE & GUARANTEE
Leased by Bulthaup, a leading luxury designer and manufacturer, through January 2030 with 4.6 years of WALT remaining, 3% annual rent escalations, and minimal landlord obligations. This property has been Bulthaup’s flagship location for over 13 years.
RECENT TENANT INVESTMENT
Bulthaup completed a major renovation in 2019, investing over $7 million and another renovation in 2025. The upgrades included a modernized HVAC system, a new basement ceiling, updated electrical and plumbing fixtures, terraTon mineral finish walls, and various other enhancements.
CORNER LOCATION IN SOHO WITH 105’ OF FRONTAGE
Located on Wooster Street in SoHo, this retail space offers 105 feet of prime frontage, providing excellent visibility in one of New York City’s most coveted shopping districts. Known for its historic architecture and vibrant atmosphere, Wooster Street attracts high foot traffic and prestigious luxury brands, making it an ideal location to showcase your business.
HIGHLY ACTIVE MICRO CORRIDOR ON WOOSTER
In the last few months, Wooster St has seen a flurry of retail leasing activity. In the block immediately south of the Property. Jacques Maria Mage recently signed a lease at 140 Wooster, Hauser & Wirth is opening a gallery at 134 Wooster, and a new restaurant concept is coming to the corner of Wooster and Prince at 130 Prince St. This activity will breath new life and excitement to this micro location.
