18R Spring St New York, NY 10012
- Apartment buildings
- 4,500 SF
Current Use by Public Records
- Apartment buildings
Property Details for 18R Spring St
- Year built
- 1920
- Property size
- 4,500 SF
- Property type
- Apartment buildings
Description
This exceptional five-unit apartment building, located at 18R Spring Street in New York City's coveted Nolita neighborhood (zip code 10012), presents a unique investment opportunity. Built in 1920 and renovated in 1980 by architect John Klaus, this 4,500 square foot building boasts a blend of historic charm and modern amenities. The property features three market-rate apartments and two rent-stabilized units, all benefiting from a pet-friendly policy. The building includes a spacious one-bedroom duplex with a first-floor office, one studio, and three floor-through one-bedroom apartments. Residents enjoy a tranquil communal garden courtyard and abundant natural light. The building's dimensions are 23' wide by 35' deep, situated on a 53' lot. Significant upgrades include a new roof (2017), updated windows, a modern boiler, and modernized electrical and plumbing systems. Further potential exists with 2,900 square feet of air rights, subject to Department of Buildings approval. Its prime location between Mott and Elizabeth Streets offers easy access to parks, cultural attractions, restaurants, Whole Foods, and multiple subway lines. The asking price is $7,250,000. This property represents a rare combination of historical significance, modern comfort, and substantial upside potential in a highly desirable Manhattan location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9951
- Latitude
- 40.7211
