177 Spring Street · SoHo Mixed-Use Building
7,545 SF · Price Upon Request
Prime SoHo investment opportunity featuring ground floor retail and eight residential loft apartments in the heart of the Cast Iron District. Delivered with significant vacancy for immediate value creation.
Building Exterior
Property Description
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.
Frequently Asked Questions
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The property will be delivered with significant vacancy. The ground floor retail space is vacant, and five of the eight residential apartments are also vacant. Three residential units are tenant occupied and generate approximately $2,000 per month each.
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Full vacancy can be discussed, but the current offering includes three occupied residential units. Buyers can evaluate buyout strategies or operate with existing baseline income while repositioning the vacant portions.
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The building is located in an M1-5B zoning district, which allows for a wide range of commercial, community facility, and limited residential uses subject to applicable regulations.
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Yes. The combination of M1-5B zoning, current building size, and allowable FAR may provide future upside. Buyers should perform their own zoning and air rights analysis to confirm specific possibilities.
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Location
Positioned on Spring Street between Thompson Street and West Broadway in SoHo, the property sits within one of Manhattan’s most recognizable and enduring retail and residential corridors. The block benefits from constant foot traffic, strong tourism presence, and immediate access to multiple subway lines. The address provides direct connectivity to the C, E, 1, A, B, D, F, M, and R trains, making it convenient from every direction in the city. The location places the building at the intersection of established neighborhood demand and long term real estate stability.
Neighbors
177 Spring Street is surrounded by a mix of flagship retail, acclaimed restaurants, and high end hospitality that define the SoHo market. Nearby destinations include The Dominick Hotel, Ladurée, Balthazar, Dominique Ansel Bakery, and the core shopping corridors of West Broadway and Prince Street. The immediate area hosts global fashion brands, design showrooms, galleries, and creative office users, creating a balanced day and evening population. The property sits within walking distance of Hudson Square, Tribeca, and Nolita, reinforcing its appeal to both commercial and residential users.