S.W. Management files plans for 7-unit building in SoHo
139 Thompson Street (Credit - Cyclomedia)
S.W. Management submitted a new building construction project for a seven-unit, 8,481 square-foot residential (R-2) building at 139 Thompson Street in Soho, Manhattan. The plan was filed with the New York City Department of Buildings on July 29, 2025 under job number M01248702. It calls for the construction of a six-story building. The project is described in the filing as: construct new six-story, residential, multi-family building. Existing party wall and foundation at south lot line to remain. Historic street facade to be rebuilt. Vito Vacca of S.W. Management, submitted the plans. The architect is EDG Architecture + Engineering.
S.W. Management, led by Stanley Wasserman, has owned this building since 2007, when it paid $5.6 million for it.
139 Thompson Street
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | Cellar | ACCESSORY RECREATION SPACE | Apartment | 11 | Residential | ||
| 2 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | Cellar | MECHANICAL ROOM, ELECTRICAL ROOM, ELEVATOR CONTROL ROOM, REFUSE ROOM | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 3 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | Cellar | BIKE STORAGE ROOM AND JANITOR'S CLOSET | Storage of non combustible Materials | N/A | Storage | ||
| 4 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 1 | TWO (2) CLASS 'A' MULTIPLE DWELLING UNITS | Apartment | N/A | Residential | 2 | |
| 5 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 2 | ONE (1) CLASS 'A' MULTIPLE DWELLING UNIT | Apartment | N/A | Residential | 1 | |
| 6 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 3 | ONE (1) CLASS 'A' DWELLING UNIT | Apartment | N/A | Residential | 1 | |
| 7 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 4 | ONE (1) CLASS 'A' MULTIPLE DWELLING UNIT | Apartment | N/A | Residential | 1 | |
| 8 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 5 | ONE (1) CLASS 'A' MULTIPLE DWELLING UNIT | Apartment | N/A | Residential | 1 | |
| 9 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 6 | ACCESSORY ROOF TERRACE | Apartment | 3 | Residential | ||
| 10 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | 6 | ONE (1) CLASS 'A' MULTIPLE DWELLING UNIT | Apartment | N/A | Residential | 1 | |
| 11 | acris | 08/03/2025 08:42 PM | acris | 08/03/2025 08:42 PM | Roof | ELEVATOR AND STAIR BULKHEAD, MECHANICAL EQUIPMENT | Mechanical and/or electrical equipment room | N/A | Factory and Industrial |
The property
The walkup building with 19 residential units in SoHo has 9,451 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 24 feet and is 100 feet deep with a total lot size of 2,467 square feet. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The property is in the Sullivan-Thompson Historic District. The city-designated market value for the property in 2022 is $2.5 million.
Prior sales and revenue
This property was sold for $5.6 million on September 11, 2007.
The 9,451-square-foot property generated revenue of $441,326 or $47 per square foot, according to the most recent income and expense figures.
Violations and lawsuits
According to city public data, the property has received three DOB violations, $2,400 in ECB penalties, and $2,500 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
The neighborhood
In SoHo, The bulk, or 46 percent of the 9.5 million square feet of commercial built space are office buildings, with mixed-use buildings next occupying 14 percent of the space. In sales, SoHo has near average sales volume among other neighborhoods with $782.9 million in sales volume in the last two years and is the 13th highest in Manhattan. For development, SoHo has near average amount of major developments among other neighborhoods and is the 32nd highest in Manhattan. It had 413,905 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of six of the nine commercial properties representing 81,612 square feet of the 92,007 square feet. The largest owner is Gatsby Enterprises, followed by Gershon Levy and then John Paravalos. On the tax block, there was one new building construction project filed totaling 8,481 square feet. It is a seven-unit, 8,481 square-foot residential (R-2) building submitted by S.W. Management and filed by Vito Vacca with plans filed July 29, 2025 and it has not been permitted yet.
The owner
The PincusCo database currently indicates that S.W. Management owned at least 214 commercial properties with 8,634 residential units in New York City with 6,498,945 square feet and a city-determined market value of $1.4 billion. (Market value is typically about 50% of actual value.) The portfolio has $680.3 million in debt, with top three lenders as Signature Bank, New York Community Bank, and Deutsche Bank respectively. Within the portfolio, the bulk, or 65 percent of the 6,498,945 square feet of built space are elevator properties, with walkup properties next occupying 33 percent of the space. The bulk, or 75 percent of the built space, is in Manhattan, with Queens next at 23 percent of the space.
The owners according to the Department of Housing Preservation and Development includes Martin Blum, head officer and Isaac Benishai, agent. The business entity is 139 Thompson Street Llc.
The surrounding
Within a 400-foot radius of 139 Thompson Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months. Of those two items, two were sales above $5 million totaling $22.1 million. The most recent of the two was Allied Realty & Development which bought the 8,200-square-foot, 12-unit rental (C7) on 132 Sullivan Street for $6.2 million from Mary Henriques, Antonio Henriques, and Richard Henriques on December 31, 2024.
Direct link to the property’s ACRIS page and link to DOB NOW portal.