14 Spring Street, HOUSE
New York, NY 10012

Off Market

Property Type
Estimated Size
10,903 ft²
Price per ft²
0 Bedrooms
1 Bathroom
Home Style
TH Single Family
Common Charges
Tax Deduction
Financing Allowed
New Development
14 Spring Street
Building Year
Building Floors
5 floors
Building Units
Elementary School
PS 130
Middle School
Days on RealDirect

14 Spring Street

TOWN Astor Place has been retained on an exclusive basis to arrange for the sale of 14 Spring Street, 3
mixed use buildings set on one prime Nolita corner tax lot, providing frontage on both Spring and
Elizabeth streets.
Available for the first time on the open market, 14 Spring Street is composed of 14 well-appointed
residential units (seven recently updated free market unites, seven rent stabilized and one rent
controlled) plus four ground-floor commercial retail units. Currently occupied by a restaurant, wine
store, gallery and a jewelry store, the commercial spaces are generating on average 10-15% less than
market rate for the area.
Built in 1910 and encompassing roughly 10,890 square feet on a 25 x 107 lot, this building provides a
remarkable opportunity for conversion to luxury residential or boutique hotel usage in a thriving Lower
Manhattan neighborhood thirsty for inventory.
Known for its Old World feel, vibrant nightlife, experimental restaurants and trendy boutiques, Nolita's
popularity is at an all-time high. Recent luxury developments at 199 Mott Street and 224 Mulberry
Street, not to mention older developments at 211 Elizabeth Street and the refurbished Puck Building,
have made headlines for rapid sellouts and record prices. With limited area and 75-foot building height
cap, low inventory keeps Nolita residential real estate in high demand.
Positioned between SoHo and Bowery, Nolita benefits from foot traffic from not only active shoppers
and diners, but also from those seeking out nearby cultural venues, such as the New Museum and
Bowery Ballroom. Home to small, trendy boutiques for decades, Helmut Lang and Tom's Shoes have
recently joined the roster of national brands looking for Nolita space near pricier SoHo, while new
boutique hotels like Nolitan, The Bowery House, SoHotel and NobleDEN house hip and trendy visitors
from across the country


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Listing History

July 20, 2017 Delisted $26,888,888
June 21, 2017 Delisted $26,888,888
April 21, 2017 Delisted $26,888,888
Feb. 10, 2017 Available $27,500,000
Oct. 10, 2016 Available $26,888,888
Sept. 1, 2016 Available $27,500,000
March 17, 2016 Available $30,000,000

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