Welcome to Apartment 5L at 211 Thompson Street, a distinctive studio with a sunken living area, offering charm, functionality, and rare outdoor access in one of Manhattans most iconic neighborhoods. This well planned residence spans approximately 430 square feet and features a step down living room with southeastern light and access to a semi private balcony, perfect for morning coffee or unwinding outdoors. Hardwood floors, high ceilings, and clever storage, including three closets, enhance the sense of space. The eat in kitchen is bright and efficient, with a large island, full size refrigerator, dishwasher, and ample cabinet space, ideal for cooking and casual dining. A split level layout naturally separates the living and dining areas, giving the home a spacious and open feel. 211 Thompson Street is a well maintained elevator coop with a part time doorman and laundry on every floor. Located just half a block from Washington Square Park and NYU, the building permits subletting (with restrictions) and considers pied terres, co purchasing, and guarantors on a case by case basis. However, parents purchasing for children is not permitted, and pets are not allowed. Offered at $470,000, this is an ideal opportunity for a first time buyer, investor, or anyone looking for a Village pied terre. Showings by appointment.