SoHo Mixed-Use Building 177 Spring St 8 Unit Apartment Building For Sale New York, NY 10012

177 Spring Street offers 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.
The property includes a ground floor retail space and eight residential apartments above. It will be delivered with substantial vacancy, creating immediate flexibility for an investor, developer, or owner occupant. The retail unit is fully vacant and ready for occupancy, repositioning, or a new long term lease. Five of the eight residential units are also vacant, allowing for renovation, reconfiguration, or conversion without the delays of tenant turnover. The three occupied apartments generate approximately $2,000 per month each, providing baseline income while a broader asset plan is implemented.
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.