225 Lafayette Street
225 Lafayette Street, New York, NY 10012
Nolita
BBL 1004817502 · BIN 1007197
- Year built
- 1926
- Type
- Condominium
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
- $1,767
- Listing discount
- 0.0%
- Recorded sales
- 118
- On record
- 2005–2026
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 and the B/D/F/M, N/Q/R/W, and J/Z all converge within a short walk at the Broadway-Lafayette and Prince/Spring stations. It is one of the most walkable luxury settings downtown.
As a condominium rather than a co-op, Spring offers the ownership flexibility — wider financing latitude, easier subletting, pied-à-terre and investment use — that distinguishes it from much of the surrounding loft inventory.
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, ownership is flexible: financing is not capped the way it is at a co-op, pied-à-terre and investment purchases are customary, and resale and subletting are materially freer than at the surrounding co-op loft stock. Purchases clear through a right-of-first-refusal rather than a co-op board admissions process — a lighter, faster path that the building's buyers value.
Local Law 97
- 2024–2029 annual penalty
- $30,504/yr
- 2030–2034 annual penalty
- $92,430/yr
- Per unit / month range
- $62 – $188
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Sublet policy
- Allowed; min 1-year, max 2-year lease term (2nd-year renewal at Board discretion)
- Pied-à-terre
- Allowed
- Notable fees
- Monthly Spectrum charge $59.12 billed to each unit owner
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| 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 | off-mkt |
| 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) cleared a median $1,767/sf across 2 sales. Median listing discount 0.0% from the last ask.
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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
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, financing latitude is wide and the closing path is lighter — a right-of-first-refusal rather than a co-op board package and interview. For buyers weighing a SoHo or Nolita co-op against this building, that flexibility, plus the freedom to sublet or hold as a pied-à-terre, 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 closing mechanics make for a faster, more predictable transaction — itself a selling point to the flexibility-minded buyer the building attracts.
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 — a 1894 Tribeca condominium
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across East Village + NoHo — read The Roebling Team Guide to East Village + NoHo.
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.
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.