225 Lafayette Street
225 Lafayette Street, New York, NY 10012
BBL 1004817502 · BIN 1007197
- Year built
- 1926
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted with conditions
- Pied-à-terre
- Permitted
- Dogs and cats
- Permitted with conditions
- Washer/dryer
- Permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2005–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,904
- floor-adjusted, 2 sales
- Listing discount
- 0.3%
- Recorded sales
- 98
- On record
- 2005–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Spring would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Spring, at 225 Lafayette Street, is one of the more characterful loft conversions at the Nolita–SoHo crossroads. The building began life around 1926 as the East River Savings Bank and later housed the original offices of Mad Magazine — a layered downtown history that gives the address real provenance. Converted to a condominium in the mid-2000s by the design office of Tsao & McKown, it now holds 41 loft residences in a twelve-story prewar building on one of the neighborhood's defining corners.
The location is the heart of the appeal. Lafayette Street is the seam between Nolita and SoHo, surrounded by the cast-iron landmark district, the boutique-and-gallery retail that made SoHo famous, and Nolita's tight grid of restaurants and cafés. Transit is excellent — the 6 at Spring Street, the B/D/F/M at Broadway-Lafayette, the R/W at Prince Street and the J/Z at Bowery are all within a short walk. It is one of the most walkable luxury settings downtown.
As a condominium rather than a co-op, Spring permits pied-à-terre use and owner leasing with conditions, which distinguishes it from much of the surrounding loft inventory; confirm financing and investment-use rules in the current declaration and bylaws.
Architecture and unit composition
The building's bank-and-commercial origins are the asset. Its solid masonry construction produced the deep, light-filled floor plates and generous fenestration that make prewar lofts so desirable, and the Tsao & McKown conversion treated that inheritance with a designer's restraint — preserving the loft character while delivering a refined, contemporary finish program throughout.
The 41 residences are true loft-style homes, running in a range of bedroom configurations and averaging comfortably over 1,600 square feet on a per-unit basis. Expect the loft hallmarks: high ceilings, oversized windows, hardwood floors, and open, flexible layouts. A landscaped roof deck crowns the building, a genuine amenity in a neighborhood where outdoor space is scarce.
Building operations
Spring runs as a full-service condominium with a full-time doorman and an on-site resident manager — a level of staffing that, paired with the building's boutique size, gives it a well-run, attentive feel. The landscaped roof deck is the standout shared amenity, offering residents private outdoor space and downtown views.
As a condominium, pied-à-terre use is permitted and owner leasing is permitted with conditions; confirm financing and investment-purchase rules in the current declaration and bylaws. Purchases clear through a right-of-first-refusal rather than a co-op board admissions process.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $700 (If Broker involved), $750 (If no Broker involved) | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Buyer | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Credit Check FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $75 per applicant/occupant (LLC required to submit fee for business credit check - if applicable) | Refundable Non-refundable |
| Messenger Fees | Paid by Buyer | When With the application | Amount $65 | Refundable Non-refundable |
| Closing Document Preparation Fee | Paid by Seller | When With the application | Amount $500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
9 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Condo Lease FeeConditional | Paid by Landlord | When With the application | Amount $700 (If Broker involved), $750 (If no Broker involved) | Refundable Non-refundable |
| Background Check FeePer applicant | Paid by Tenant | When With the application | Amount $100 per applicant/occupant | Refundable Non-refundable |
| Building Application FeePaid to the building | Paid by Tenant | When With the application | Amount $500 | Refundable Non-refundable |
| Credit Check FeeConditional · Per applicant | Paid by Tenant | When With the application | Amount $75 per applicant/occupant (LLC required to submit fee for business credit check - if applicable) | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit - if applicableConditional | Paid by Landlord | When With the application | Amount $1,000 | Refundable Refundable |
| Move-In Deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
| Pre-paid move out deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Lease Fee | Paid by Landlord | When With the application | Amount $500 | Refundable Non-refundable |
| Lease Renewal Fee | Paid by Landlord | When With the application | Amount $500 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Purchase or lease by a corporation
- PermittedSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Permitted with conditionsMinimum lease term is one (1) year, maximum is two (2) years with right to renew for the second year at the discretion of the Board of Managers.Source: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of September 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs and cats
- Permitted with conditionsDogs and cats allowed (2 pets per unit)Source: building management's published schedule, as of September 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,187 per room a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.97 per square foot a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.65 per square foot a monthMedian of 8 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.39 per square foot a monthMedian of 8 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Roof deckSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $30,504/yr
- 2030–2034 annual penalty
- $109,145/yr
- Per unit / month range
- $62 – $222
- Modeled exposure split equally across 41 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Sublet policy
- Allowed; min 1-year, max 2-year lease term (2nd-year renewal at Board discretion)
- Pied-à-terre
- Allowed
- Policies and fees
- Monthly Spectrum charge $59.12 billed to each unit owner
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Mar 25, 2026 | 10D | 2 BR · 2.5 BA · 2,077 sf | $3,650,000 | $1,757/sf | +0.0% |
| Feb 18, 2026 | 8A | 2 BR · 2 BA · 1,281 sf | $2,600,000 | $2,030/sf | +4.0% |
| Oct 29, 2025 | 11A | 2 BR · 3 BA · 1,735 sf | $2,735,000 | $1,576/sf | -5.5% |
| Mar 5, 2025 | 12D | 2 BR · 2,063 sf | $4,592,500 | $2,226/sf | — |
| Apr 10, 2024 | 5A | 2 BR · 2 BA · 1,254 sf | $2,400,000 | $1,914/sf | -4.0% |
| Dec 27, 2023 | 11D | 2 BR · 2.5 BA · 2,063 sf | $4,550,000 | $2,206/sf | -3.1% |
| Dec 15, 2022 | 7A | 2 BR · 2 BA · 1,283 sf | $2,400,000 | $1,871/sf | -15.8% |
| May 13, 2022 | 7C | 2 BR · 2.5 BA · 1,550 sf | $2,900,000 | $1,871/sf | -3.3% |
Market read. Most recent trades (2026 to date) cleared a median $1,904/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 0.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00481-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at Spring, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 4 | $12,250 |
4 closed leases, October 2023 to September 2026. Most recent lease January 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at Spring and nearby.
At the recent median sale of $3.19M (4 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $135,388 to close, or 4.2% of the price.
- Mansion tax: $47,888
- Mortgage recording tax: $46,092
- Title insurance: $14,366
- Attorneys, lender, building fees, reserves and filings: $27,043
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The case for the building is the combination: real loft space, a designer conversion, a condominium structure, and a prime Nolita–SoHo corner. Buyers should evaluate each home on its own terms, since loft layouts vary in light, exposure, and configuration. The largest homes carry a premium that reflects the scarcity of comparable loft condominiums downtown.
Because it is a condominium, purchases run through a right-of-first-refusal rather than a co-op board package and interview; confirm financing terms in the current declaration and bylaws. For buyers weighing a SoHo or Nolita co-op against this building, that structure, plus documented pied-à-terre use and owner leasing permitted with conditions, is often decisive.
What to know if you’re selling
The marketing core writes itself: a designer loft conversion with genuine provenance — the former East River Savings Bank — on a landmark downtown corner, full-service and roof-decked, with the ownership flexibility buyers increasingly prioritize. Sellers should foreground the loft proportions, the Tsao & McKown pedigree, and the condominium structure.
Inventory is limited and turnover unhurried, so a well-prepared listing competes against few direct peers. Pricing should be benchmarked against the building's own activity and the small set of comparable downtown loft condominiums, with condition and light driving the final number. Condominium purchase mechanics, without co-op board admission, are themselves a selling point.
Comparable buildings
If you're considering 225 Lafayette Street, also evaluate these nearby downtown loft buildings:
- 565 Broome Street — SoHo condominium nearby
- 311 West Broadway — SoHo condominium to the west
- 350 Broadway — downtown loft building nearby
- 270 Broadway — prewar loft conversion to the south
- 261 Broadway — downtown loft cooperative
- 108 Leonard Street — an 1894 Tribeca condominium
More Nolita buildings
- 285 Lafayette Street — 1900 condominium
- 75 Kenmare Street — condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Nolita.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Spring?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com