Hotel Nicolai 75004 Paris
One to Four bedrooms: Newly renovated historic property offers new dwellings in an historic location
€990,990 - €6.418M (1-4 bedrooms)

Located on the right bank of the river, in the heart of the Marais, this project is a unique opportunity to invest in Paris. This mansion is undergoing a renovation with very high-quality finishes.

The development has one to four-bedroom apartments for sale. Most of them benefit from balconies or even patio terraces, and views over the Seine. Spacious interiors, high ceilings and traditional features make up this amazing and unique development that will be an incredible addition to the Parisian property market.

The property

Hotel Nicolai is classified as a historic building located in the heart of a central district, the 4th arrondissement. The historic project is undergoing a renovation, mixing history and modernity. Floors made in natural stone, in checkerboard or in terracotta tiles, ironwork railings, moulded ceilings or wooden beams are being restored, reworked and brought back to life.

1 to 4 bedroom apartments available

A variety of apartment types will meet both investors’ requirements looking for a pied à terre in “historical Paris”, and families who want a central property to move into immediately. Some of the apartments will be sold as they are and the future buyers will be able to finish them as they wish. The other apartments will be renovated.

 

 

Location

Paris: 4th arrondissement

The heart of the Marais, the 4th arrondissement has had many incarnations through the centuries, alternating between aristocratic hotspot to Jewish ghetto then back again, and to its present hip and trendy status. The changing social fabric and narrow, crowded streets of the Marais spared it the bulldozer of Baron Haussmann, making it one of the few areas in Paris where Renaissance through 18th century architecture still abounds. The Île Saint Louis, which defines this arrondissement’s southern edge, is the oldest part of Paris, where the city first began.

Average price: €11,796/m2; +0.1% over one year; 38.6% over 10 years

The Marais is the 3rd most expensive area in Paris, after the 6th and 7th.  There is still good value in the lively, village-like part of the Marais when compared to Saint Germain de Prés. Look to the neighborhoods in the Village Saint Paul and north of the Place de Vosges for the rare, quieter streets. Prices can top €21,000/m² for the Ile St Louis, where tourists have nearly eliminated much of the neighborhood feeling and may someday dampen its appeal, but that day has yet to come.  Average price: 11,796 € /m2, ranging from 8,309 € to 18,736 € depending on the area.

Current Market Prices — 4th arrondissement

Neighborhood Price/m2 in euros
Low Medium High
Saint-Merri € 8,355 € 11,312 € 15,136
Saint-Gervais € 8,173 € 11,716 € 15,998
Arsenal € 8,206 € 11,648 € 17,603
Notre-Dame € 9,900 € 14,313 € 24,977

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