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In Contract

The Spring, 225 Lafayette Street, #5A

$2,500,000 ($1,994 per ft2) | 2 beds, 2 baths | Approx. 1,254 ft2
View Full Building Profile  | 
184 days on Market

Key Details

  • Listed: Nov 8, 2023
    Days on Market: 184
    Building Type: Condominium
    Neighborhood: NoLiTa/Little Italy (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $1,850
Monthly Real Estate Taxes: $1,253
Total Taxes & Fees: $3,103 ($2.47/ft2)
Est. Monthly Mortgage: $13,562
Total Est. Monthly Carrying Cost: $16,665 ($13.29/ft2)
Note: the above is based on a down payment of 20% ($500,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location and Building: This condominium is located at 225 Lafayette Street in the vibrant NoLiTa/Little Italy neighborhood. The building was built in 1909 and converted in 2004, featuring 40 apartments across 15 floors.
  • Spacious and Luxurious Interior: The unit offers approximately 1,254 ft2 of living space, featuring 2 bedrooms and 2 bathrooms, high ceilings, Brazilian walnut floors, and a white kitchen equipped with Miele, Subzero, and Bosch appliances. The primary bedroom comes with an en-suite bath, two closets, and additional built-in storage.
  • Stunning Views and Exposure: The condo offers south and west exposure, providing open city views. The building also features a rooftop terrace with panoramic city views for all residents to enjoy.
  • Full-Service Building with Amenities: The building offers full-service amenities including a 24-hour doorman/concierge, resident storage, video intercom, washer/dryer in the building, outdoor entertainment space, live-in superintendent, and terraces/balconies.
  • Comfort and Convenience: The unit comes with an in-unit washer and dryer, and through-the-wall heating/AC with different temperature zones for your comfort. Basement storage is also available for purchase.
  • Financial Details: The condo is listed for $2,500,000 ($1,994 per ft2) with monthly common charges of $1,850. The total taxes and fees are also $1,850 ($1.48/ft2).

Description

An incredible downtown location featuring a South and West exposure showcasing open city views and excellent sunlight. This tastefully appointed two-bed, two-bath condo features split bedrooms, high ceilings, and an in-unit washer and dryer. The spacious en-suite primary bedroom has two closets, one is a walk-in, plus a wall of additional built-in storage.

The primary bath has double sinks, a standing shower, a separate tub, and plenty of storage solutions. The second bedroom is separated from the living by pocket doors, has two closets, and has an en-suite full bath with a pocket door to the common hallway to serve as a powder room for guests.

The apartment features Brazilian walnut floors with a dark stain, an all white-kitchen with great storage, and Miele, Subzero, and Bosch appliances. Through-the-wall heating/AC allows for different temperature zones throughout the apartment, and the windows all have roller shades.

A full-service building with a 24-hour doorman/concierge and a beautifully outfitted and planted roof terrace with panoramic city views.

The building offers basement storage for purchase.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Spring, 225 Lafayette Street

80

The Spring, 225 Lafayette Street has received a CityRealty Rating of 80, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

28
Out of 44
+
25
Out of 36
+
18
Out of 39
+
9
=
80
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
Some Noise 1 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2004
  • Concierge
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Rooftop Terrace
  • Video Intercom
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Very handsome building designed by Cass Gilbert
  • Taller than most of its neighbors
  • One block from great former Police Headquarters building
  • Very close to Little Italy, SoHo and NoHo
  • Near subway
  • Former East River Savings bank building
  • Convenient to numerous restaurants and boutiques
  • Upper floors have excellent views
  • Concierge
  • Roof deck
Cons
  • No garage
  • No balconies
  • No sidewalk landscaping
  • No doorman
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Subways

  1. 6
at Lafayette 0.03 miles
  1. N
  2. R
at Broadway 0.17 miles
  1. J
  2. Z
at Delencey 0.19 miles
  1. M
  2. B
  3. D
  4. F
at Houston 0.23 miles
  1. Q
at Lafayette 0.28 miles
  1. A
  2. C
  3. E
at Thompson 0.45 miles
  1. 1
at Varick 0.50 miles

Aerial Imagery

 

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