177 Spring Street

This sale by owner offering is being marketed through a bidding process with no price guidance, and presents a rare chance to acquire a high potential mixed use property in a premier SoHo location. Positioned on Spring Street between Thompson Street and West Broadway, the building benefits from excellent visibility, consistent foot traffic, and 25 feet of frontage along one of the neighborhood’s most established retail corridors. The five story loft property contains approximately 7,545 gross square feet behind a classic 19th century façade that reflects the architectural character that defines SoHo. No phone calls. Email inquiries only. Proof of funds will be requested.

The property includes a ground floor retail space and eight residential apartments above. This is the only occupied asset within the broader portfolio. It will be delivered with substantial vacancy, creating immediate flexibility for an investor, developer, or owner occupant. The ground floor retail space at 177 Spring Street is currently occupied by a pizzeria operating on a month-to-month basis, with no rental guidance provided. Additionally, the retail space at 88 Thompson Street can be delivered vacant within one year if required. Five of the eight residential units are rent stabilized, gutted, and vacant, allowing for renovation, reconfiguration, or conversion without the delays of tenant turnover. The three occupied residential units are rent stabilized and generate a total of $2,391.72 per month, providing baseline income while a broader asset plan is implemented. Tenant names will not be disclosed.

The M1-5B zoning and a maximum FAR of 5.0 create meaningful long term optionality. The building is well suited for multiple strategies, including a boutique condominium conversion, a premium single family residence, or an upgraded rental property with significant upside. The location places the asset within one of Manhattan’s most sought after districts, surrounded by world class retail, acclaimed restaurants, and high end hospitality such as The Dominick, Ladurée, and the established shopping corridors of West Broadway and Prince Street. All information is provided for marketing purposes only and must be independently verified by the buyer. The property is being sold as-is, where-is. Caveat emptor applies.