SoHo Mixed-Use Building 177 Spring St 8 Unité Immeuble d’appartements À vendre New York, NY 10012

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.

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