199 PRINCE Street #28
About This Property
Exactly what you have been waiting for. A gorgeously renovated move-in ready CONDO 2BR apt. on a bucolic A+ SoHo block (Prince St. near Sullivan, absolute best) with extremely low monthlies, beautifully preserved pre-war detailing, perfect natural light and skyline (sunset + Empire State Bldg.) views, high ceilings, and a level of peace and quiet rare to find in central Downtown NYC. Incredible home and investment. Pls contact Joe M. for further details/to arrange a visit.
This corner (N+S+W) 2BR/1BA apartment has just completed a thorough gut-renovated with exacting attention to detail, creating an extraordinarily serene and comfortable oasis well worth the walk-up (5 flights up to 6th (top) floor). Quiet and light in all rooms from several different exposures, this home offers a lofty flow of space often difficult to find in homes of this size/era. The stunning new fully-equipped windowed kitchen is the centerpiece of the main room, and the massive North-facing window here offers Empire Starte Building views while you cook. Kitchen is top notch, featuring a 30" Samsung 5-burner gas range, wall-mounted LG microwave, Bosch Silence+ SS D/W, GE combo W/D, Liebherr full-sized fridge w/ separate freezer, under-mount SS sink, handsome subway-tiling backsplash, tons of storage, soft-close cabinetry with subtle lacquered finish, and quartz countertops. The crisp Carrera clad marble bathroom is also windowed, and offers elegant tasteful basket-weave marble flooring, built-in wall heater, and a full-sized tub. The living room is functional and simple, with an oversized window facing west over ivy-clad buildings into the West Village, providing gorgeous NYC sunset views. Both bedrooms are fair-sized and can accommodate a queen bed, are supremely quiet and private, and offer clever custom built-in closets. Additional features in this home perfectly finished home include Mitsubishi Split-System central heat and A/C (all rooms), hard wood flooring, new windows, baseboard moldings, solid-core full-height doors, recessed lighting, period-proper paint color-scheme, and outlets generously spread throughout the home. This unit does not face the (wonderfully bustling) Prince Street activity - - which as a rear unit would typically mean quiet though with no light/view or privacy whatsoever, though again the walk-up here earns you sky views, natural light all day, and welcomed privacy. A true oasis, right upstairs from everything downtown.
199 Prince is a pet + investor-friendly boutique 6-story CONDO unlike many its age - - it is impeccably kept with new tastefully-renovated common areas, has a well-lit windowed staircase, and offers a very solid historic feel throughout. The building has a private outdoor trash/recycling area, a full-time super, key-fob entry, video intercom, and is intimate and safe. The location is absolute top-shelf - - small tree-lined block & within 60 seconds you are at Raoul's, The Dutch, Little Prince (downstairs!), Blue Ribbon, Trader Joes, Soho Cast-Iron District, cross Houston into Greenwich Village, easy stroll to West Village or Nolita, E + W transportation, etc. Easily one of the best blocks in downtown NYC. Please Note: This is a Sponsor sale // buyers may qualify for the NYC Coop & Condo Property Tax Abatement (consult your CPA).
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 15, 2025 | Price Decreased |
$1,499,000
↓ $101K
(6.3%) | |
Price Decreased | |||
May 4, 2025 | Listed by Douglas Elliman Real Estate | $1,600,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/29/2024
|
2 Bed
|
1 Bath
|
528 ft²
|
$1,150,000
2 Bed
1 Bath
528 ft²
|
$1,125,000
-2.17%
07/11/2024
|
-
|
Chi Y Lui
Corcoran Group
| |
11/02/2023
|
3 Bed
|
1 Bath
|
-
|
$1,750,000
3 Bed
1 Bath
|
$1,500,000
-14.29%
04/26/2024
|
-
|
Hui Milligan
Douglas Elliman Real Estate
| |
10/19/2023
|
2 Bed
|
1 Bath
|
-
|
$1,385,000
2 Bed
1 Bath
|
$1,290,000
-6.86%
04/26/2024
|
-
|
Joseph C Monteleone
Douglas Elliman Real Estate
| |
01/21/2022
|
1 Bed
|
1 Bath
|
-
|
$629,000
1 Bed
1 Bath
|
$635,000
+0.95%
06/10/2022
|
Eugene Cordano
Brown Harris Stevens Residential Sales LLC
| ||
01/07/2022
|
2 Bed
|
1 Bath
|
-
|
$1,399,000
2 Bed
1 Bath
|
$1,221,900
-12.66%
09/12/2022
|
Joseph C Monteleone
Douglas Elliman Real Estate
| ||
07/26/2019
|
3 Bed
|
1 Bath
|
-
|
$1,749,000
3 Bed
1 Bath
|
$1,600,000
-8.52%
12/03/2019
|
Gregg Montalto
Brown Harris Stevens Residential Sales LLC
| ||
09/11/2018
|
1 Bed
|
-
|
-
|
$549,000
1 Bed
-
|
$585,000
+6.56%
12/04/2018
|
Eugene Cordano
Brown Harris Stevens Residential Sales LLC
| ||
10/06/2014
|
3 Bed
|
1 Bath
|
-
|
$1,449,000
3 Bed
1 Bath
|
-
01/26/2015
|
Eugene Cordano
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
06/01/2013
|
2 Bed
|
2 Bath
|
-
|
$830,000
2 Bed
2 Bath
|
$830,000
08/16/2013
|
Ryan Sullivan
Halstead dba Brown Harris Stevens Residential Sales LLC
|
Building Info
- 28 Units
- 1 Unit for Sale

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