Updated 9 years ago
Sold
81 Sullivan Street
Soho, Manhattan | Broome Street & Spring Street
9 Rooms9 Beds7 Baths8,600 Square FeetRental Property
$11,000,000
floors / apts6 / 7
Lot Size25'x100'
Built Size25'x60'
ZoneR7-2
Building TypeTownhouse
RE Taxes$24,632
Price Per SF
$1,279
This property was sold for $11,000,000 on 10/14/15.
Outdoor space and views
- Backyard
Building Amenities
- Voice Intercom
- Second Entry
- Stoop Entry
Property Description for 81 Sullivan Street
Welcome to 81 Sullivan Street! This property is comprised of two buildings - 81 Front (F) and 81 Rear (R) - which sit on a 25 by 100 lot in prime Soho. The property has a buildable square footage of 8600. Both buildings are now entirely vacant, making this the opportunity of a lifetime for any developer, investor, or end user! This unique real estate gem includes a front building with a ground floor retail space and three pristine apartments above it. The three homes boast condo level finishes, charming fireplaces with exposed brick, high ceilings, gleaming hardwood floors, elegant moldings, two full bedrooms, one bathroom with soaking tub, and favorable floor plans. One apartment also includes a spacious private terrace, which rests above the oversized master bedroom of the apartment below it. The front building presents an opportunity to develop a single family home or a boutique condominium. Additionally, the retail space is an opportunity for an owner who would want to work on the premises, collect a high retail rent, or convert the space to add another condo or an expansive first floor of a single family home with high ceilings. The carriage house, which has been grandfathered in, is comprised of three apartments which can easily be converted into a guest house to accompany a single family home, rental apartments to collect additional income, condos separated from the front building by a garden oasis, or maid's quarters for an end-user who wants to own a private Soho home and still the on-site service offered by a luxury condominium. 81 Sullivan is ideally located steps off iconic Spring Street famous for its world class designer clothing stores and fine dining establishments. Additionally, 81 Sullivan rests across the street from the record breaking new development project, 10 Sullivan. Since the 10 Sullivan project encompasses four single family homes which are directly across from 81 Sullivan Street and are significantly smaller, 81 Sullivan will retain its brightness and views. Whether you are looking to develop a high end single family home, a chic downtown condominium, or use the mixed-use buildings as an income-producer, this once in a lifetime opportunity cannot be missed!**Please note: no contracts moving forward will be transferrable.
Building Details for 81 Sullivan Street
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts6/7
Transit and Citi Bike
Subway
Spring St
0.09 miles
Canal St
0.2 miles
Houston St
0.25 miles
Canal St
0.3 miles
Prince St
0.3 miles
Citi Bike
W Broadway & Spring St
0.09 miles
W Broadway & Watts St
0.12 miles
Soho | Manhattan
Quick Profile
Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.
SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.
The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites.
After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.
The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.
The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 53989TH
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