18 Spring Street is a unique Carriage House located in the heart of NoLita, offering a rare opportunity for buyers interested in a multi-family investment or a potential single-family conversion. Originally built in 1920, the building features a whimsical brick façade and is configured as five units across five stories, including a studio, three floor-through one-bedrooms, and a duplex one-bedroom. The property spans approximately 4,500 square feet, with an additional 2,903 square feet of unused air rights available, subject to relevant DOB approvals.
Nestled away from the bustling city, the building is accessed through a lush private garden, providing a tranquil retreat. The interiors reflect a design-driven aesthetic, with notable features such as oversized windows, a wood-burning fireplace, and custom cabinetry. The apartments are characterized by generous proportions and abundant natural light, particularly in the spacious bedrooms, which often include built-in workspaces and ample closet space.
Located on Spring Street between Mott and Elizabeth, the property is moments away from a variety of world-renowned restaurants, galleries, and cultural experiences that downtown Manhattan has to offer. Notably, two of the five apartments currently have rent-stabilized tenants in place, adding to the building's investment potential. This hidden oasis represents a compelling opportunity for discerning buyers looking to own a piece of New York City real estate.