131-137 Spring Street | The Real Deal New York

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131-137 Spring Street

131 Spring Street
New York, NY 10012
Office, Retail, Leasing/Rental

131-137 Spring Street is a low-rise, mixed-use residential and commercial office building in the Soho neighborhood of Manhattan. It is 66 feet tall and contains 68,000 square feet. The building holds very valuable ground floor retail space, currently home to clothing retailers Diesel and Burberry.

The building was acquired by New York real estate company SL Green in December of 2012 for $122.3 million. At that time Thor Equities sued the seller, Willspring Holdings, claiming that Thor alone had the rights to purchase the property. Willspring had previously purchased the building for just $46 million in 2006.

-WP

  • Address 131 Spring Street
  • neighborhood Soho
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 131 SPRING MEMBER LLC
  • height in feet 66
  • floors 6
  • Year Built 1915
  • residential units 4
  • total units 4
  • square feet 68,000
  • block and lot 1-00500-0036
  • BIN 1007654

11/15/16
...an 80 percent stake in a mixed-use building at 131-137 Spring Street from SL Green. Magnum, led by Ben Shaoul, is known for developing luxury condominiums...

...Invesco Real Estate’s 65,500-square-foot Soho building at 131-137 Spring Street, where Burberry and Diesel are tenants. Scott Aliese During the same month Wells also...

10/16/15
...The 80 percent stake in the building — located at 131-137 Spring Street — sold for $222.2 million to Invesco. The sale is helping finance SL's purchase of 11 Madison...

10/13/15
...million and an 80-percent stake in mixed-use building 131-137 Spring Street to Invesco for $220 million. 1745 Broadway, a 930,000-square-foot tower located between 55th and 56th Streets...

08/20/15
...in the past few months. The others were 131-137 Spring Street, which is in contract to sell for an estimated $222 million, and 113 Spring Street, which...

08/18/15
...as Tower 45 at at 120 West 45th Street and 131-137 Spring Street. The 11 Madison deal was brokered by CBRE's Darcy Stacom and Bill Shanahan...

08/06/15
...west, Invesco is in contract to buy nearby 131-137 Spring Street, a 65,000-square-foot retail and office property, for the same per-square-foot price, about $4,240, from SL...

07/13/15
...SL Green's Marc Holliday (credit: Steve Friedman) and 131-137 Spring Street SL Green sold stakes in two Manhattan office properties for a combined $587 million in...

06/10/15
...Fifth Avenue and 885 Third Avenue, as well as 131-137 Spring Street in Soho, which is reportedly being marketed for $300 million...

12/04/14
...From left: 131-137 Spring Street, Soho, and Marc Holliday A six-story building at 131-137 Spring Street could sell for...

11/04/14
...SL Green also owns 121 Greene Street, 115 Spring Street, 131-137 Spring Street and 530-536 Broadway. Goldman bought the Soho property in August 2012 for $11.9 million. Last week...

09/05/14
...commission in a $100 million deal with Vornado for 131-137 Spring Street, a 68,000-square-foot retail property in Soho. That deal fell apart, and the property was...

04/23/14
...landlord also owns the retail component at nearby 131-137 Spring Street and a participating preferred investment at 530-536 Broadway.  -- Mark Maurer and Adam Pincus...

05/23/13
...a deal for Vornado Realty Trust to buy 131-137 Spring Street only to have Willett back out and sell to SL Green...

04/10/13
...The firm is suing the former owners of 131-137 Spring Street for allegedly backing out of a deal with its buyer, Vornado Realty Trust. SL...

02/28/13
...131-137 Spring Street The former owners of 131-137 Spring Street are facing up to a $6.75 million lawsuit...

02/22/13
...the 68,342-square-foot office and retail building, located at 131-137 Spring Street. In December, however, Willspring agreed to sell the building to a partnership of SL...

01/31/13
...office portfolio purchased a 68,342-square-foot mixed-used property at 131-137 Spring Street, which has 100 feet of frontage between Wooster and Greene streets. The sale closed in...

...due for the twin adjacent six-story buildings at 131-137 Spring Street. The buildings, which total 58,100 square feet, are occupied by fashion retailers Burberry and Diesel...

06/27/06
...and Dublin-based Willett Companies are paying $46 million for 131-137 Spring Street, adjacent six-story properties totaling 58,100 square feet. Also, Steven Blumenthal sold 155 Spring Street to Yair...
  • Event Sales
  • Building Name 131-137 Spring Street
  • Address 131 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 68,342
  • Price $ 122,300,000
  • Price per foot $ 1,789.53
  • Publication Date 03/01/2013
  • Event Date 01/20/2013
  • Party 2 SL Green Realty
notes
The property sold for $122.3 million.
  • Event Sales
  • Building Name 131-137 Spring Street
  • Address 131 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 46,000,000
  • Price per foot $ 792.00
notes
The adjacent elevator loft buildings, which total 58,100 square feet, sold for $46 million, or $792 per square foot. The properties, tenanted by high-end retailers Burberry and Diesel, are fully occupied.
  • Event Office Leasing
  • Address 133 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 06/01/2005
  • Event Date 04/22/2005
  • Party 1 Framestore CFC
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Christopher Owles, Bruce Sinder
  • Party 2 AKQA
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker E.N. Cutler
notes
International marketing firm signs 2-year sublease
  • Event Office Leasing
  • Address 133 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 10,625
notes
Post-production office leases two penthouses, subleases smaller space
  • Event Office Leasing
  • Address 133 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 03/01/2004
  • Event Date 01/21/2004
  • Party 1 Spring Street Associates
  • Party 1 Brokerage Sinvin Real Estate
  • Party 2 Garrard
  • Party 2 Brokerage Cresa Partners
notes
British crown jeweler to open, Jade Jagger, daughter of Mick, as creative director