The SoHo Condo Market
Summary: What new SoHo condos actually close for and how fast buildings sell. New condos here are rare: a few small loft buildings, most of them big family-size homes.
What SoHo Condos Sell For
New SoHo condos rarely come to market, so this covers ten years: 14 new condos closed in 4 SoHo buildings at a median $5,123,412, or $2,481 per square foot. Most were two- and three-bedroom homes:
| Home | Share of sales | Sizemedian sf | Pricemedian | $/sfmedian |
|---|---|---|---|---|
| Studio | 0% | — | — | — |
| 1 bedroom | 7% | — | — | — |
| 2 bedrooms | 36% | 2,437 | $4,799,2815 sales | $1,969 |
| 3+ bedrooms | 57% | 2,459 | $5,645,8008 sales | $2,578 |
| All homes | 100% | 2,437 | $5,123,41214 sales | $2,481 |
Sponsor closings (first deed for each new home, ACRIS), Sep 30, 2016 to Sep 30, 2026.
These are closing prices: the first recorded deed for each new home, matched to its unit in the offering plan. Resales are left out. With this few buildings, each one moves the medians, so there's no year-by-year trend to show.
How Fast SoHo Condos Sell
Of the 12 SoHo buildings whose sponsor closings began in 2015 or later, 10 have sold out. The typical one took 14 months from its first closing to its last, and its first closing came 17 months after the offering plan was accepted.
- Buyers negotiate. The median building's first sales closed 10% below list: the sponsor's Schedule A price for the same homes, across 4 buildings we could match.
- Few linger. 1 of them still had unsold homes two years or more after the first closing.
Why So Few New SoHo Condos
SoHo has had 57 condo plans with 717 homes since 2000, most of them accepted in the first condo boom. It now adds about 2 homes a year in plans accepted since 2023, against 63 a year in 2000–07, 97% fewer.
| Plan accepted | Plans a year | Homes a year | Typical buildinghomes | Asking $/sf |
|---|---|---|---|---|
| 2000–07 | 432 plans | 63 | 10 | $1,187 |
| 2008–14 | 213 plans | 16 | 5 | — |
| 2015–19 | 29 plans | 17 | 6 | — |
| 2020–22 | 12 plans | 3 | 5 | — |
| 2023–today | 01 plans | 2 | 7 | — |
Accepted condo plans. Asking $/sf: the median building's first Schedule A price list.
- Fewer plans. 4 plans a year were accepted in 2000–07; since 2023 it's 0.
- The buildings are small. The typical plan accepted since 2015 has 6 homes, and 83% have fewer than 10. The largest, 57-63 Greene Street, has 23.
Where SoHo Condos Are, and the Walk to the Subway
Outline: SoHo as our data pages draw it. Each dot is a plan; each square the nearest entrance of a station those plans walk to.
SoHo is ringed by stations:
- 6: Spring St and Canal St, on Lafayette Street
- R and W: Prince St, on Broadway; N, Q, R and W at Canal St
- C and E: Spring St, on Sixth Avenue; A, C and E at Canal St
- B, D, F and M: Broadway-Lafayette St, at Houston Street
- J and Z: Canal St, on Centre Street
| Nearest subway | Lines | Condo plans | Walkmedian |
|---|---|---|---|
| Canal St | 6, J, N, Q, R, W, Z | 16 | 3 min |
| Spring St | 6 | 12 | 3 min |
| Prince St | R, W | 10 | 3 min |
| Canal St | A, C, E | 9 | 3 min |
| Spring St | C, E | 8 | 3 min |
| Broadway-Lafayette St/Bleecker St | 6, B, D, F, M | 2 | 3 min |
Each plan counted once, at the station entrance with the shortest walk.
Every recent building is close: the median is 4 minutes from a subway entrance, and 100% are within 5 minutes. More in subway distance and condo prices.
Amenities, Laundry and Doormen
What the 12 offering plans accepted since 2015 include:
Amenities
50%have a shared amenity: gym, roof deck, bike room, package room or storage
Washer/dryer
80%include a washer and dryer in each home
Doorman
40%have a staffed front desk
Plans accepted since 2015. Amenities: 4 new-construction plans; washer/dryer: 5 plans that say either way; front desk: 5 plans read.
- Elevators: 100% of the plans that say either way.
- Few doormen: 60% rely on a video intercom or virtual doorman instead of a staffed desk.
- Gas cooking in 80% of the plans that name a stove fuel.
New SoHo Condo Plans Filed Since 2025
Condo plans filed since 2025: 1, with 4 homes (0 accepted, 1 still under review).
| Building | Filed | Asking $/sf | Common chargesper month | Subway walk |
|---|---|---|---|---|
| 392 West Broadway4 homes | Jun 5, 2026Under review | — | — | 3 minSpring St (C, E) |
Asking $/sf: the sponsor's Schedule A average. A dash means the plan doesn't list enough priced homes, or its budget isn't read yet.
FAQ
How much do new condos in SoHo cost?
Over the ten years to Sep 30, 2026, new SoHo condos closed at a median $5,123,412, or $2,481 per square foot. A two-bedroom closed at a median $4,799,281.
Do SoHo condos sell below the asking price?
Mostly. The median building's first sales closed 10% below list, the sponsor's Schedule A price for the same homes.
How long does it take a SoHo condo building to sell out?
The typical building that has sold out closed all its homes 14 months after its first closing.
Do SoHo condos have doormen?
Rarely: 40% of recent plans have a staffed front desk. 100% have an elevator.
Where do these figures come from?
SoHo is the neighborhood as our data pages draw it, from each building's map point. Plans are condo offering plans the New York Attorney General accepted or is reviewing, with at least one home. Sales are sponsor closings from city deed records, Sep 30, 2016 through Sep 30, 2026. Features come from the plan text and may change by amendment; check the latest plan for the building you're buying in. New to offering plans? Start with what a condo offering plan is.
Related: The Harlem Condo Market · The Lower East Side Condo Market