148 & 150 Spring Street — Sale in New York, NY

  • Price: $9.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY
  • Size: 14,507 SF

Photos

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Investment Figures

Price per square foot
$682

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the fee simple sale of 148 & 150 Spring Street (“the Property”), an institutional-quality mixed-use offering totaling approximately 14,507 square feet in the heart of SoHo. This rare offering comprises two adjacent buildings with 40 feet of combined Spring Street frontage between Wooster Street and West Broadway, positioned within one of New York City’s most coveted and supply-constrained retail corridors. 148 Spring Street features ground floor retail and three commercial units above offering a diversified mix of retail, showroom, and office uses. 150 Spring Street consists of ground floor retail, two commercial units, and one apartment. There is optionality to convert the commercial office suites into residential apartments. The combined properties are 77% leased to creditworthy national and boutique tenants with 7.6 years of WALT. Dr. Martens anchors the assets with a lease through October 2037. Amouage, the adjacent retail tenant has a lease through December 2032. Favorable net lease structures with tenant reimbursements for taxes, CAM, and insurance enhance cash flow and deal economics.

Market Context

This retail in New York, NY is listed for sale at $9,900,000 across 14,507 SF. Compare it against other retail listings for sale in New York, NY — view the full market.

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