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Explore Soho Neighborhood in New York City

Real Estate New Developments

General Information


SoHo, short for "South of Houston Street," is one of New York City’s most iconic neighborhoods, known for its vibrant arts scene, upscale shopping, and historic cast-iron architecture. Located in Manhattan, SoHo is a blend of high-end retail, trendy restaurants, art galleries, and a lively nightlife scene, making it a popular destination for both locals and tourists. Originally an industrial district, the neighborhood underwent significant gentrification in the 1960s and 1970s when artists began to move in and take advantage of its spacious lofts and affordable rents. Over the years, SoHo transformed into a chic, cosmopolitan area that attracts fashion-forward individuals, art lovers, and tourists from around the world. Its cobblestone streets and historic buildings add to the neighborhood’s distinctive character, giving it a unique charm that blends both old and new. SoHo is also known for its proximity to other trendy neighborhoods like NoLiTa, Greenwich Village, and Tribeca, offering a central and sought-after location in Manhattan.

Real Estate Information

Real estate in SoHo is some of the most expensive and sought-after in New York City. The neighborhood’s historic cast-iron buildings, which date back to the late 19th century, have been carefully renovated into luxury lofts and high-end residences. Many of these properties boast open floor plans, large windows, and original architectural details, making them highly attractive to buyers and renters alike. In addition to the signature lofts, SoHo offers a mix of modern condominiums and townhouses, with many buildings incorporating cutting-edge design and luxurious amenities. The real estate market in SoHo is heavily influenced by its status as a prime cultural and commercial hub, with both residential and commercial spaces commanding high prices. The area has become a magnet for celebrities, fashion designers, and entrepreneurs, which has further driven demand for luxury properties. While the cost of living in SoHo is high, its central location and vibrant atmosphere make it one of the most desirable neighborhoods in Manhattan, offering a blend of historic charm and contemporary living.

Historical/Interesting Facts

SoHo has a fascinating history, dating back to the early days of New York City. Originally part of the larger area known as the "New York City Factory District," SoHo was developed in the mid-1800s as an industrial area filled with factories, warehouses, and manufacturing buildings. By the early 20th century, the neighborhood’s industrial activities began to decline, and many of the buildings were left vacant. In the 1960s, artists seeking affordable studio spaces began to move into the area, drawn by its large, open lofts and the lower rent prices compared to other parts of the city. This wave of artistic development, alongside the neighborhood's distinctive architecture, helped transform SoHo into a thriving cultural district. The 1970s saw a rapid rise in property values as more people, including art collectors and gentrifiers, flocked to the neighborhood. By the 1980s, SoHo was firmly established as a fashionable and artistic area, with the transformation of old warehouses into stylish residential lofts and galleries. The neighborhood’s architectural heritage, with its cast-iron facades, remains a defining characteristic today, and SoHo’s historic past continues to be celebrated through its art scene, galleries, and public spaces.

Properties Statistics

Total Properties

58

Median Asking

$6,237,358.52

Sale Price/ft²

$2,555.99

Average Days on Market

1 days

Average Home Size

2005 ft²

Average Home Age

53 years

Based on results from 58 properties

Buildings in this Sector

One Vandam180 avenue of the americas

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The Hohner Building46 mercer street

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Congress House185 west houston street

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CROSBY LANDMARK53 crosby street

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FAQ about Soho