Multi-family

Prime Nolita Multifamily Investment – 18 Spring Street

Address: 18 Spring Street, New York, NY, 10012
Price: $7,500,000 ($1,500,000 per Unit)
Sale Type: Investment Sale
Type: 3-Star Townhome Apartments
Location: Urban – Central Business District (CBD) / Nolita
Units: 5 Residential Units
Avg Unit Size: 1,100 SF
Stories: 5 Stories
Building Class: C
Gross Building Area (GBA): 4,500 SF
Typical Floor Size: 900 SF
Number of Buildings: 1
Units per Acre: 125 Units/AC
Market Segment: All (Private and Institutional Investors)
Rent Type: Market Rate

Investment Overview:

18 Spring Street presents a rare opportunity to acquire a boutique multifamily asset in the highly sought-after Nolita neighborhood. Featuring five large, market-rate units in a classic townhome-style building, this property combines stable income with strong long-term value growth potential in one of Manhattan’s most vibrant residential and retail districts.

Key Features:

Prime Nolita Location:

✔ Located on Spring Street between Elizabeth and Mott Streets
✔ Surrounded by luxury boutiques, fine dining, and historic Lower Manhattan charm
✔ Steps to SoHo, NoHo, Little Italy, and the Lower East Side

Efficient Boutique Property:

✔ 5 oversized market-rate apartments averaging 1,100 SF per unit
✔ Classic walk-up building with charming architectural details
✔ Ideal for long-term rental income or potential future condominium conversion

Building Specifications:

✔ 4,500 SF total Gross Building Area with typical floor plates of 900 SF
✔ Single building with a density of 125 units/AC
✔ Class C designation offering value-add opportunities through strategic upgrades

Financial Highlights:

✔ Asking Price: $7,500,000 ($1,500,000 per unit)
✔ 100% market-rate units with strong rental demand
✔ Excellent long-term appreciation potential in one of Manhattan’s tightest rental markets

Conclusion:

18 Spring Street represents a rare boutique investment opportunity in one of New York’s most desirable downtown neighborhoods. Perfect for investors seeking stable cash flow, strong market fundamentals, and an exceptional location in the heart of Nolita’s cultural and retail energy.

Contact us today to request the full offering memorandum or schedule a private tour.