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SoHo

SoHo

$3,502,248 Average Value
$2,220 Average Price per Sq Ft
94 Homes For Sale

Historic, loft-style living with a booming restaurant and shopping scene

Home to some of the city’s most iconic, loft-style interiors, SoHo (aka South of Houston Street) has the largest concentration of cast-iron buildings in the world. In fact, the neighborhood itself is a National Historic Landmark, with preserved 19th-century facades that once housed factories and warehouses. In the 1960s, these vacant industrial sites became artist lofts, hence the coveted, large open floor plans. Many studio spaces have since been converted to luxury apartments, condos and co-ops, as well as office, mixed-use and retail spaces. “It’s such a vibrant and exciting neighborhood with incredible culture and restaurants. The cast-iron buildings and cobblestone streets make it feel like its own little city,” says Nicole Hechter, an associate broker at Corcoran Group and one of the area’s top-selling agents. “It’s a great juxtaposition of smaller boutiques and high-end name brand fashion. The nightlife and restaurants are incredible, and there’s always something new to explore. It really is the epicenter of downtown Manhattan.”

Broadway has beautiful older-style buildings to compliment the rich culture of SoHo.
Broadway has beautiful older-style buildings to compliment the rich culture of SoHo.
There are Many red brick townhouses throughout SoHo.
There are Many red brick townhouses throughout SoHo.
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Ultra-luxe eateries with a stylish crowd

From classic NYC mainstays like Balthazar and Fanelli Cafe to chic newcomers like Principe and design-forward spots like La Mercerie, SoHo is home to some of the city’s best restaurants. For casual fare, Ruby’s serves up Australian dishes for a hip crowd, while Yubu offers Korean small bites. Expect longer-than-average wait times at the trendier, scene-y spots. In the evening, stylish crowds gather at elevated hotel bars like The Crosby and SoHo Grand, among others. Bodegas and smaller grocery stores include Sunrise Mart, a Japanese market that offers yummy prepared dishes and Mulberry Market. There’s also a Target Grocery on Broadway and a Whole Foods near Bowery.

Enjoy a homemade “millefoglie” with pastry creme at Cipriani Downtown NYC, in SoHo.
Enjoy a homemade “millefoglie” with pastry creme at Cipriani Downtown NYC, in SoHo.
Cipriani Downtown NYC, in SoHo Upscale Scene Where an International crowd shows up.
Cipriani Downtown NYC, in SoHo Upscale Scene Where an International crowd shows up.
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High-end luxury brands and boutiques mingled with artisanal pop-ups

What was once a working-class, artist-centric neighborhood has become a busy tourist destination due to the retail boom along Broadway. Everything from Madewell and Prada, to Zara and Bloomingdale’s have anchored the neighborhood as a prime retail location. Along Greene and Mercer Streets, high-end shops like Louis Vuitton lend an air of exclusivity. But the area’s once-humble, artistic roots have not been entirely eclipsed by brand names, and there’s still a distinctly local, creative energy found in the smaller pop-ups and artisanal shops.

Dior and Versace are just some of the many high end fashion stores in Soho.
Dior and Versace are just some of the many high end fashion stores in Soho.
High end fashion retail is everywhere in Soho, including Balenciaga.
High end fashion retail is everywhere in Soho, including Balenciaga.
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Open floor plans with high ceilings and hefty price tags

The current market consists of both co-ops and condos, but there’s limited inventory in both sectors. “If the property is turnkey or has something special like outdoor space, it goes very quickly,” Hechter says. A prewar loft-studio can go for as low as $550,000, but most one-bedroom condos typically start at $1.3 million and up. Two-bedrooms average around $3.7 million, but can easily extend up to $30 million. “If you’re coming to SoHo, your general wish list is going to include that great room with open, airy, and high ceilings,” adds Hechter. That said, there aren’t many traditional, multi-room floor plans in SoHo. Although the majority of the area consists of historic buildings, there are some newer condo developments in the area with modern glass-facades, like 110 Charlton, a French Industrial-inspired condominium at the crossroads of SoHo, Tribeca and the West Village. Other notable, newer builds include 10 Sullivan, designed by famed architect Cary Tamarkin, and 565 Broome Street, a luxury high-rise condominium designed by Pritzker Prize-winning architect Renzo Piano.

Neighborhood Condos like this building stand tall in SoHo housing multiple residents.
Neighborhood Condos like this building stand tall in SoHo housing multiple residents.
565 Broome Street is a luxury high-rise condominium designed by architect Renzo Piano.
565 Broome Street is a luxury high-rise condominium designed by architect Renzo Piano.
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Walkable neighborhood with several transit options

There are plenty of ways to get around via public transit in the neighborhood, including the N or R train at Prince Street, the B, D or F train at Broadway-Lafayette Street, the 4 or 6 train at Spring Street, A, C or E train at Spring Street. FDR Drive is accessible via Houston Street.

Lafayette St subway station
Lafayette St subway station
There are several subway stops within SoHo, making it easy to get around the city
There are several subway stops within SoHo, making it easy to get around the city
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Top-rated schools nearby

There are no public schools in SoHo proper, however several schools surround the area: In nearby West Village, P.S. 3 is an A-rated elementary school on Niche, and in the Flatiron District, the Clinton School is a top-rated middle and high school with a globally-recognized honors program. In Chinatown, M.S. 131 is also highly-rated and has a Chinese Dual Language program, while NYC Lab High School for Collaborative Studies in Chelsea offers a humanistic curriculum.

PS 3 Charrette School entrance had double doors leading to the main hallway for classrooms.
PS 3 Charrette School entrance had double doors leading to the main hallway for classrooms.
The Clinton School is a public middle and high school in New York.
The Clinton School is a public middle and high school in New York.
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Amber Snider
Written By
Amber Snider
Daniel Byrne
Photography Contributed By
Daniel Byrne
Tyler Newbold
Video By
Tyler Newbold

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Laguardia

21 min drive

Subway

Canal Street (4,5,6 Line)

Subway

Canal Street (N,Q,R Line)

Subway

Spring Street (4,6 Line)

Subway

Spring Street (A,C,E Line)

Subway

Prince Street

Subway

Broadway-Lafayette Street

Bus

Canal & Lafayette Street

Bus

Broadway & Grand St

Bus

Broadway & W Houston St

Bus

6 Av & Prince St

Bus

Broadway & Prince St

Bus

8 Av & Broome St

Bus

6 Av & Spring St

Crime and Safety

1 - Low Crime, 10 - High Crime SoHo US
Homicide 1 4
Sexual Assault 3 4
Assault with Weapon 3 4
Robbery 4 4
Burglary 4 4
Motor Vehicle Theft 1 4
Larceny 5 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

SoHo Demographics and Home Trends

Housing Trends

Median List Price
$4,490,000
Median Sale Price
$4,000,000
Median Single Family Sale Price
$5,995,000
Median Townhouse Sale Price
$11,624,500
Median 2 Bedroom Sale Price
$3,462,500
Median Change From 1st List Price
4%
Last 12 months Home Sales
88
Median Home Sale Price YoY Change
13%
Average Price Per Sq Ft
$2,220

Neighborhood Facts

Number of Homes
1,251
Number of Homes for Sale
94
Median Year Built
1905
Months of Supply
12.80
Average Single Family Home Size Sq Ft
2,696
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
1,083
Average 2 Bedroom Size Sq Ft
2,040
Average 1 Bedroom Size Sq Ft
1,389
Average Studio Size Sq Ft
916
Median Lot Size Sq Ft
4,791

Open Houses

  • Saturday, Nov 1
    12 - 2pm

    99 Spring St Unit PH, New York, NY 10012

    $2,375,000

    • 2 Beds
    • 2 Baths
    • 1,400 Sq Ft
    • 99 Spring St
    • Unit PH
    • New 2 days ago

    **Please note all showings are by appointment only, including open houses. 24 hours notice requested for showings.** Offered for the first time in over 40 years, the penthouse at 99 Spring Street provides a unique opportunity to create the idyllic SoHo loft with an expansive private roof. Perched on the sixth floor, just off the corner of Mercer and Spring Street this sun flooded floor through

    Joshua Roberts Compass

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  • Wednesday, Oct 29
    10 - 11:30am

    41 Greene St Unit 5, New York, NY 10013

    $5,750,000

    • 1 Bed
    • 2 Baths
    • 3,200 Sq Ft
    • 41 Greene St
    • Unit 5
    • New 7 days ago

    Quintessential Soho Charm This serene and sophisticated 3,200SF full-floor loft is located right in the heart of Soho's historic Cast-iron district and features grand proportions, a wide flexible layout and charming original details throughout. Designed by Annabelle Seldorf with a warm minimalist aesthetic, this graceful residence will appeal to those who appreciate understated luxury

    Richard Orenstein Brown Harris Stevens Residential Sales LLC

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  • Wednesday, Oct 29
    1pm - 3am

    106 Spring St Unit 3S, New York, NY 10012

    $3,350,000

    • 1 Bed
    • 1 Bath
    • 2,300 Sq Ft
    • 106 Spring St
    • Unit 3S
    • New 22 days ago

    A True Soho Original Bring your architect and your creative vision to this classic 2,300SF artist loft located in a landmarked building right in the heart of Soho's historic Cast-iron District. Enter to an expansive 40-foot wide Great Room with 11-foot ceilings, original columns and bright east exposures from a wall of enormous oak-framed windows. The current layout features a

    Richard Orenstein Brown Harris Stevens Residential Sales LLC

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
9,465
Median Age
40
Population Density
76 ppl/acre
Population under 18
15.8%
Below the national average
23.8%
Population over 65
19.5%
On par with the national average
19.1%

Finances

Median Household Income
$118,991
Significantly above the national average
$71,702
Average Household Income
$148,262

Education and Workforce

High School Graduates
97.4%
College Graduates
86.1%
Significantly above the national average
34.1%
Advanced Degrees
33.3%
Above the national average
13.3%
% Population in Labor Force
75.5%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
2''

Area Factors

Biker's Paradise

Bike Score®

93 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
SoHo