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SoHo Mixed-Use Building 177 Spring St 8 Unit Apartment Building For Sale New York, NY 10012
Matterport 3D Tour
Investment Highlights
- 177 Spring Street is a rare SoHo mixed-use asset with eight loft residential units & two commercial units delivered with a value-add opportunity.
- Corner retail unit features turnkey F&B infrastructure, 25 feet of frontage, and high ceilings, supporting immediate restaurant operations.
- Prime location between West Broadway and Thompson Street, across from Vesuvio Playground, adjacent to The Dominick Hotel, Balthazar, and Ladurée.
- Five-story loft building combines classic 19th-century architecture with modernized systems, LED-lit common areas, and two underground parking levels.
- Thompson Street retail suite offers sunlit frontage, prime pedestrian exposure, and short-term leasing flexibility for boutique or pop-up concepts.
- Steps from Spring, Canal, and Prince Street subway stations, serving a dense, affluent trade area that generates $9B in annual spending.
Executive Summary
177 Spring Street presents a rare value-add mixed-use investment in the heart of SoHo’s Cast Iron District. The five-story loft property spans approximately 7,545 gross square feet and features a classic 19th-century façade, modernized systems, LED-lit common areas, 14-foot ceiling heights, two underground parking levels, and at-grade rear access.
The asset includes eight residential units and two ground-floor retail spaces totaling 450 to 1,500 square feet. Stable, fully leased residential income is paired with below-market retail leases. The corner retail unit is fully vented and turnkey for food and beverage use, while the Thompson Street retail suite delivers sunlit frontage, prime pedestrian exposure, and short-term leasing flexibility, creating immediate income potential and a platform for repositioning.
Positioned between West Broadway and Thompson Street, directly across from Vesuvio Playground and adjacent to The Dominick Hotel, 177 Spring Street benefits from sustained pedestrian traffic driven by hospitality, residential density, and retail. The surrounding tenant mix includes established neighborhood anchors such as Balthazar, Ladurée, Stüssy, and Karl Lagerfeld, reinforcing the corridor’s blend of luxury retail and dining. The asset is blocks from Spring Street, Canal Street, and Prince Street MTA subway stations, providing seamless connectivity. More than half a million residents live within a 2-mile radius, generating approximately $9 billion in annual consumer spending and supported by a median household income of $112,000, creating a deep and resilient customer base for ground-floor retail.
The Lower West Side submarket continues to demonstrate durable fundamentals, maintaining the tightest vacancies among major US markets in early 2026. Over the past 12 months, rents have grown 2.8%, outpacing metro averages and underscoring sustained leasing velocity. 177 Spring Street offers the ideal blend of stabilized residential cash flow and retail re-leasing upside. The combination of corner visibility, rare food-grade infrastructure, affluent demographics, and consistent foot traffic positions this asset to drive income growth and long-term appreciation in one of New York City’s most coveted retail and residential markets.
No phone calls. Email inquiries only. Proof of funds required. All information is provided for marketing purposes and must be independently verified. The property is offered as-is, where-is. Caveat emptor applies.
The asset includes eight residential units and two ground-floor retail spaces totaling 450 to 1,500 square feet. Stable, fully leased residential income is paired with below-market retail leases. The corner retail unit is fully vented and turnkey for food and beverage use, while the Thompson Street retail suite delivers sunlit frontage, prime pedestrian exposure, and short-term leasing flexibility, creating immediate income potential and a platform for repositioning.
Positioned between West Broadway and Thompson Street, directly across from Vesuvio Playground and adjacent to The Dominick Hotel, 177 Spring Street benefits from sustained pedestrian traffic driven by hospitality, residential density, and retail. The surrounding tenant mix includes established neighborhood anchors such as Balthazar, Ladurée, Stüssy, and Karl Lagerfeld, reinforcing the corridor’s blend of luxury retail and dining. The asset is blocks from Spring Street, Canal Street, and Prince Street MTA subway stations, providing seamless connectivity. More than half a million residents live within a 2-mile radius, generating approximately $9 billion in annual consumer spending and supported by a median household income of $112,000, creating a deep and resilient customer base for ground-floor retail.
The Lower West Side submarket continues to demonstrate durable fundamentals, maintaining the tightest vacancies among major US markets in early 2026. Over the past 12 months, rents have grown 2.8%, outpacing metro averages and underscoring sustained leasing velocity. 177 Spring Street offers the ideal blend of stabilized residential cash flow and retail re-leasing upside. The combination of corner visibility, rare food-grade infrastructure, affluent demographics, and consistent foot traffic positions this asset to drive income growth and long-term appreciation in one of New York City’s most coveted retail and residential markets.
No phone calls. Email inquiries only. Proof of funds required. All information is provided for marketing purposes and must be independently verified. The property is offered as-is, where-is. Caveat emptor applies.
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Property Facts
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Bistro Les Amis | Bistro | $$ | 1 min walk |
| Osteria Siciliana | Italian | - | 2 min walk |
| Boqueria Soho | American | $$$$ | 1 min walk |
| Vin Et Fleurs | French | $$ | 2 min walk |
| Piccola Cucina Osteria-Spring St | Italian | $$ | 2 min walk |
| Laduree Paris | - | - | 2 min walk |
| So-Home | Organic | $ | 2 min walk |
| AquaGrill | Seafood | $$$ | 3 min walk |
| Sugarfish | American | $$$$ | 2 min walk |
| Torch & Crown Brewing Company | American | $$$ | 3 min walk |
Retail |
||
|---|---|---|
| Sunglass Hut | Other Retail | 2 min walk |
| DKNY | Unisex Apparel | 1 min walk |
| Bonpoint | Children Apparel | 2 min walk |
| Pandora | Jewelry/Watches | 2 min walk |
| Gucci | Other Retail | 3 min walk |
| Swatch | Jewelry/Watches | 3 min walk |
| CVS Pharmacy | Drug Store | 3 min walk |
| La Perla Boutique | Ladies' Apparel | 2 min walk |
| Aveda | Health & Beauty Aids | 3 min walk |
| Warby Parker | Eyeware Accessories | 3 min walk |
Hotels |
|
|---|---|
| Four Points by Sheraton |
150 rooms
7 min walk
|
| Courtyard |
120 rooms
7 min walk
|
| Hilton Garden Inn |
151 rooms
7 min walk
|
| Sheraton Hotel |
369 rooms
7 min walk
|
| Best Western Plus |
58 rooms
13 min walk
|
| Holiday Inn Express |
102 rooms
14 min walk
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,570,518 | |
| Land Assessment | $427,058 | Total Assessment | $1,997,576 |
Property Taxes
Parcel Numbers
Land Assessment
$427,058
Improvements Assessment
$1,570,518
Total Assessment
$1,997,576
Sale Advisor
Sale Advisor
John Pasquale, Chairman
Mr. Pasquale was a pioneer in the ecologically-responsible “green” trend currently sweeping the country, heading what was formerly the 1980’s Atlas Paper Company. He has been quoted in the The New York Times and New York Real Estate Journal, for green building systems in the early 1990’s. Mr. Pasquale’s current and former professional memberships include The Real Estate Board of New York, Building Owners & Managers Association International, National Association of Realtors, The Greenwich Village Chelsea Chamber of Commerce, The NY Association of Realty Managers, The Soho Partnership, The Chinatown Partnership, and The Greenwich (CT) Association of Realtors.
He is licensed as a New York, Florida, Connecticut and New Jersey real estate broker. He is also a property and casualty insurance broker in New York and Connecticut. He has a Certificate in Real Estate from New York University. He is currently on the steering committee of both the SoHo and Chinatown Improvement efforts.
He is licensed as a New York, Florida, Connecticut and New Jersey real estate broker. He is also a property and casualty insurance broker in New York and Connecticut. He has a Certificate in Real Estate from New York University. He is currently on the steering committee of both the SoHo and Chinatown Improvement efforts.
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SoHo Mixed-Use Building | 177 Spring St
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