Trophy Soho Loft Mixed-Use Building | Flagship Retail | Potential 2B Tax-Class Designation
Market Price
109 Spring Street, New York, NY 10012
30,714 sqft
Building Size
5,624 sqft
Lot Area
Details:
Description:
Investment Highlights
Generational Soho Offering
On the market for the first time in 40 years.
World-Class, Flagship Retail Potential
All retail leases expiring in January 2027 presents immediate flagship location with strategic frontage on both Spring & Mercer Streets
Tremendous Retail Synergy
Highly trafficked location surrounded by blue-chip luxury brands
Substantial Residential Upside
Nine units (4 free-market, 5 rent-stabilized) currently operating well below Soho market rates.
Valuable 2B Tax Designation
Tax assessment increases capped at 8% annually and 30% over five years.
Additional Signage Income
Reliable, passive revenue via a 15-year signage lease on its prominent eastern façade.
Abundant Mass Transit
Steps from A, C, E, N, R, W, B, D, F, M, and 6 subway lines.
Documents:
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Location
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