Spring

Spring is a condo located 225 Lafayette Street, in NoLita, New York. The building was first built in 1926 and is 98 years old. It was first renovated and altered in 1988. But was most recently renovated and altered in 2003. The lot that the building was built on is 76 feet wide and 114 feet long. The official lot area is listed as 7,922 square feet. The building itself is 80 feet wide and 100 feet long. In total, 225 Lafayette Street has a total floor area of 79,440 square feet. Of that, 69,315 square feet are used for residential purposes. About 10,125 square feet of the building are used for commercial purposes. There are a total of 42 units. Of those, 41 are residential units. There are 1 commercial units. 225 Lafayette Street has a total of 12 floors. Thankfully, the building is equipped with elevator service.

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. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 115 closings on record, of which we have matching data for 26 listings. In the past 3 years, a listing in this building will typically remain on the market for about 150 days and tend to sell above the original asking price of $3,422,500 by 0.83%. Meaning, listings tend to sell at a median of $2,011 price per square foot. The transaction that took the longest to complete was unit 12B, listed on Oct 05, 2017 for $5,100,000. This particular unit ultimately sold 355 days later for $3,835,000. The most recent transaction was for unit 11D, which was first advertised on Sep 09, 2023, sold for $4,550,000 on Dec 27, 2023. Fun fact, the oldest transaction we have on record took place on Mar 04, 1997. See the full transaction history for Spring below.

NoLita, where 225 Lafayette Street is located, has a median asking price of $2,122,500 for condo buildings. Meanwhile, the building itself has a median asking price of $3,422,500. For interested buyers, that means the building's median asking price is around 1.85% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $4,195,000. It is a 2,047 sqft 2 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $2,399,999. It is a 1,174 sqft 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $3,297,500. Collectively, the median square footage of these active units for sale is 1,611 sqft. Active units for sale at 225 Lafayette Street are mostly 2-bedroom apartments Active units for sale at 225 Lafayette Street have a median count of 2 bedrooms and have a median count of 2.5 bathrooms.