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SoHo

SoHo

$3,484,189 Average Value
$2,115 Average Price per Sq Ft
84 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 complement the rich culture of SoHo.
Broadway has beautiful older-style buildings to complement 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 Street Station serves the residents of SoHo.
Lafayette Street Station serves the residents of SoHo.
There are several subway stops in SoHo, making it easy to get around the city.
There are several subway stops in 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 has double doors leading to the main hallway for classrooms.
PS 3 Charrette School entrance has 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

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime SoHo US
Homicide 5 4
Sexual Assault 6 4
Assault with Weapon 5 4
Robbery 4 4
Burglary 5 4
Motor Vehicle Theft 5 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,294
Number of Homes for Sale
84
Median Year Built
1906
Months of Supply
9.60
Average Single Family Home Size Sq Ft
2,647
Significantly above the national average
1,931
Average Townhouse Size Sq Ft
625
Average 2 Bedroom Size Sq Ft
2,043
Average 1 Bedroom Size Sq Ft
1,412
Average Studio Size Sq Ft
827

Open Houses

  • Wednesday, Apr 29
    12 - 2pm

    157 Spring St Unit 2, New York, NY 10012

    $3,875,000

    • 2 Beds
    • 2 Baths
    • 157 Spring St
    • Unit 2

    6 Story Land-marked Loft Building built in 1900 and converted to Coop in 1977 consisting of 3 full floor residential units and a 5th/6th floor Duplex, 2 retail units occupy the ground floor. Located on the Northeast Corner of Spring Street and West Broadway, This full floor loft features three 8-foot-tall windows facing South with views East and West across Spring Street and South down to the

    Jeff Carpenter

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  • Thursday, Apr 30
    6 - 7pm

    112 Prince St Unit 3, New York, NY 10012

    $4,775,000

    • 2 Beds
    • 2 Baths
    • 2,500 Sq Ft
    • 112 Prince St
    • Unit 3

    JUST REDUCED, PRICED TO SELL! IMPECCABLY & BEAUTIFULLY DESIGNED 2 BED (Flex.3) / 2 BATH ELEVATOR LOFT IN PRIME SOHO! Welcome to 112 Prince Street, a magnificent pre-war coop in the heart of Soho-an exquisitely full-floor loft that defines downtown elegance. This approximate 2,500 SF residence occupies the third floor of a boutique, five-unit elevator co-op and

    Patrick Hayoun Douglas Elliman Real Estate

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  • Friday, May 1
    11am - 12pm

    124 Thompson St Unit 26, New York, NY 10012

    $1,295,000

    • 1 Bed
    • 1 Bath
    • 124 Thompson St
    • Unit 26

    Welcome home to one of SoHo's most special offerings - a sun-drenched, top-floor junior one-bedroom carefully designed by an architect, effortlessly blending pre-war charm with a stunning renovation finished with only the finest materials and craftsmanship. Perched on the top floor of an intimate 33-unit cooperative, Apartment #26 at 124 Thompson Street is a rare corner unit that feels like a

    David Palmieri Corcoran Group

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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

Rental Home Trends

Number of Homes for Rent
42
Median Rent
$5,930
Median Single Family Home Rent
$18,500
Median 4 Bedroom Single Family Home Rent
$45,000
Median Townhouse Rent
$4,495
Median 3 Bedroom Townhouse Rent
$13,000
Median Condo Rent
$7,695
Median 2 Bedroom Condo Rent
$12,750

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
$79,597
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

Very friendly

Bike Score®

80 / 100

Exceptionally friendly

Walk Score®

100 / 100

Exceptionally friendly

Transit Score®

100 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

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
Philip Hordijk
Leven Real Estate
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