Welcome to 18R Spring Street, a truly rare gem in the heart of bustling Nolita, where historic charm blends effortlessly with modern living. Originally built in the late 1800s, this carriage house is a hidden sanctuary which sits alone in the middle of a city block, surrounded by lush greenery and an enchanting red brick and ivy facade. Renovated in the 1980s by architect John Klaus, the building has been meticulously updated with a new roof (replaced in 2017), windows, boiler, and modern electrical and plumbing systems, ensuring comfort and convenience without losing its old-world charm. Entering through the 18 Spring Street entrance, this unique carriage house contains five distinct apartments, including a spacious one bedroom duplex with a first-floor office, one studio, and three floor-through one-bedrooms, this property offers both a serene retreat and a dynamic lifestyle in one of Manhattan's most vibrant neighborhoods. The communal garden courtyard provides a peaceful escape from the city's bustle, while large windows in each unit flood the living spaces with natural light. The building is 23' wide by 35' deep on a 53' lot. Throughout its history, this building has attracted a diverse and notable group of residents, from celebrated artists and writers to acclaimed actors, all drawn by its unique character and sense of seclusion amidst Nolita's thriving energy. Positioned between Mott and Elizabeth Streets, you'll enjoy easy access to green spaces like Sara D. Roosevelt Park, cultural attractions, fantastic restaurants, Whole Foods, and multiple subway lines. With three fair market apartments, two rent-stabilized units, pet-friendly policies, and 2, 900 square feet of air rights offering exciting expansion potential with DOB approval, this property represents a rare blend of historical significance, modern comfort, and an unique opportunity to create a single family home. Don't miss your chance to own a piece of Manhattan's history in this highly coveted location! Co-exclusive.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,800,000 | $5,800,000 | $5,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $3,464 | $3,464 | $3,464 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $33,847 | $36,660 | $48,944 |
Total Monthly Payment | $37,436 | $40,249 | $52,533 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.