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18 Spring Street

$7,250,000 ($1,611 per ft2) | 5 beds, 5 baths | Approx. 4,500 ft2
Building Profile  | 
83 days on Market

Key Details

  • Listed: Sep 30, 2024
    Days on Market: 83
    Building Type: Condominium
    Neighborhood: NoLiTa/Little Italy (Manhattan)
Monthly Real Estate Taxes: $3,835
Total Taxes & Fees: $3,835 ($0.85/ft2)
Est. Monthly Mortgage: $38,510
Total Est. Monthly Carrying Cost: $42,345 ($9.41/ft2)
Note: the above is based on a down payment of 20% ($1,450,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Historic Charm Meets Modern Living: This property, located in the vibrant NoLiTa/Little Italy neighborhood of Manhattan, combines historic charm with modern living. Originally built in the late 1800s and renovated in the 1980s, it has been meticulously updated with a new roof, windows, boiler, and modern electrical and plumbing systems.
  • Notable and Diverse Residents: This property has attracted a diverse and notable group of residents, adding to its unique character. It's a pet-friendly building, making it an ideal choice for pet owners.
  • Prime Location: The property offers easy access to green spaces, cultural attractions, restaurants, Whole Foods, and multiple subway lines. It's an opportunity to own a piece of Manhattan’s history in a highly coveted location.
  • Expansion Potential: The property comes with 2,900 square feet of air rights offering expansion potential with DOB approval. This makes it a great investment opportunity.
  • Building Amenities and History: This pre-war co-op building, finished in 1905 with 3 units and 4 stories, offers amenities like a walk-up and intercom system. It's a chance to own a piece of history in one of Manhattan's most desirable neighborhoods.
  • Variety of Living Options: The building contains five distinct apartments, offering a variety of living options. Large windows in each unit provide ample natural light, and a communal garden courtyard provides a peaceful escape from the city.

Description

Welcome to 18R Spring Street, a truly rare gem in the heart of bustling Nolita, where historic charm blends effortlessly with modern living. Originally built in the late 1800s, this carriage house is a hidden sanctuary which sits alone in the middle of a city block, surrounded by lush greenery and an enchanting red brick and ivy facade. Renovated in the 1980s by architect John Klaus, the building has been meticulously updated with a new roof (replaced in 2017), windows, boiler, and modern electrical and plumbing systems, ensuring comfort and convenience without losing its old-world charm.

Entering through the 18 Spring Street entrance, this unique carriage house contains five distinct apartments, including a spacious one bedroom duplex with a first-floor office, one studio, and three floor-through one-bedrooms, this property offers both a serene retreat and a dynamic lifestyle in one of Manhattan’s most vibrant neighborhoods.

The communal garden courtyard provides a peaceful escape from the city’s bustle, while large windows in each unit flood the living spaces with natural light. The building is 23’ wide by 35’ deep on a 53’ lot.

Throughout its history, this building has attracted a diverse and notable group of residents, from celebrated artists and writers to acclaimed actors, all drawn by its unique character and sense of seclusion amidst Nolita’s thriving energy. Positioned between Mott and Elizabeth Streets, you’ll enjoy easy access to green spaces like Sara D. Roosevelt Park, cultural attractions, fantastic restaurants, Whole Foods, and multiple subway lines.

With three fair market apartments, two rent-stabilized units, pet-friendly policies, and 2,900 square feet of air rights offering exciting expansion potential with DOB approval, this property represents a rare blend of historical significance, modern comfort, and an unique opportunity to create a single family home.

Don’t miss your chance to own a piece of Manhattan’s history in this highly coveted location! Co-exclusive.

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Listing courtesy of Douglas Elliman Real Estate

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About 18 Spring Street

Building Amenities

  • Walk Up
  • Intercom

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Subways

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at Delencey 0.09 miles
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at Lafayette 0.13 miles
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at Chrystie 0.22 miles
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at Broadway 0.25 miles
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at Houston 0.28 miles
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at Lafayette 0.32 miles