Tompkins Square Properties is made up of two, 5-story mixed use buildings with 4 commercial tenants and 17 residential apartments; 1 three bedroom unit and 16 two bedroom units – several units have outside space. Margules Properties acquired the properties in 1999.
The East Village is an important residential and cultural area of New York and has been considered one of the strongest contributors to the American arts and culture over the past 100 years. The neighborhood, which is part of the larger Greenwich Village, has experienced significant socio-economic development during the past decade.
The Tompkins Square Properties are closely located to Tompkins Square Park, a major destination for dining and nightlife in New York. The Tompkins Square Park and Saint Marks Place offer restaurants and retailers of varying quality, while the close by Bowery district continues to move up-scale. The properties are well positioned to benefit from continued economic development of the neighborhood.