1016 Properties Inc

1016 Properties Inc is a condo located 195 Prince Street, in SoHo, New York. The building was first built in 1879 and is 145 years old. The lot that the building was built on is 25 feet wide and 78 feet long. The official lot area is listed as 1,950 square feet. In total, 195 Prince Street has a total floor area of 6,740 square feet. Of that, 6,013 square feet are used for residential purposes. About 727 square feet of the building are used for commercial purposes. There are a total of 16 units. Of those, 15 are residential units. There are 1 commercial units. 195 Prince Street has a total of 5 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Residents who own pets will be happy to hear that the building is pet-friendly. There are 42 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 184 days Meaning, listings tend to sell at a median of $2,026 price per square foot. The transaction that took the longest to complete was unit 3W, listed on Jul 07, 2015 for $709,000. This particular unit ultimately sold 232 days later for $650,000. The most recent transaction was for unit 5W, which was first advertised on Sep 08, 2021, sold for $625,000 on Jan 21, 2022. Fun fact, the oldest transaction we have on record took place on May 06, 1976. See the full transaction history for 1016 Properties Inc below.

SoHo, where 195 Prince Street is located, has a median asking price of $2,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $667,000. For interested buyers, that means the building's median asking price is around 0.68% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $215,000. It is a 625 sqft 1-bedroom and 1-bathroom unit.