In Contract
35 Spring Street
$7,495,000
($1,441 per ft2)
| 3 beds, 3.5 baths | Approx. 5,200 ft2
230 days on Market
Townhouse Facts
-
Year Built: 1901Minimum Down: 20%Total Floors: 3Listed: May 24, 2024Days on Market: 230Building Type: TownhouseNeighborhood: NoLiTa/Little Italy (Manhattan)
Monthly Real Estate Taxes:
$2,103
Total Taxes & Fees:
$2,103
($0.40/ft2)
Est. Monthly Mortgage:
$40,214
Mortgage calculator
Total Est. Monthly Carrying Cost:
$42,317
($8.14/ft2)
Note: the above is based on a down payment of 20% ($1,499,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Luxurious Living Space: Spanning over 5,200 sq ft, this townhouse offers exquisite design and an additional 2,000 sq ft of buildable potential.
- Stunning Outdoor Areas: Enjoy four unique outdoor spaces, including a rooftop oasis with breathtaking views of SoHo, NoLita, and the LES.
- High-End Chef's Kitchen: The kitchen features an oversized skylight, flooding the space with natural light, perfect for culinary enthusiasts.
- Versatile Living Arrangements: Includes 3 bedrooms, 3 full baths, 3 half baths, and a flexible bonus space for additional living or entertainment options.
- Exceptional Design & Craftsmanship: Meticulously renovated by AW4B Architects, featuring soaring ceilings and rich hardwood floors for a grand ambiance.
- Prime Investment Opportunity: Currently generating an annual income of $453,636 with established residential and commercial tenants.
Description
Exquisite Turn-Key Mixed-Use Townhouse in the Heart of NoLita
Attention all investors, 1031 Exchange seekers, and end users! Here’s your chance to own a spectacular income-producing property at 35 Spring Street, nestled between Mott and Mulberry Streets. This meticulously renovated townhouse seamlessly blends luxury living with prime commercial opportunities in the vibrant NoLita neighborhood.
Property Features:
Dimensions & Space:
Spanning 19 feet wide, this property offers over 5,200 sq ft of exquisitely designed space with an additional 2,000 sq ft of buildable potential.
Residential Details:
The residence features 3 full bedrooms, 3 full bathrooms, 3 half bathrooms, and a versatile home office. Enjoy four unique outdoor spaces perfect for relaxation and entertaining. Designed with alternating living and entertaining floors to provide an ultimate balance of fun and quiet.
A flexible bonus space can transform into an additional living room, lounge, or media room. The rooftop oasis offers breathtaking views of SoHo, NoLita, and the LES, complete with a half bath and doorbell buzzer for effortless hosting. Design & Amenities:
Crafted by AW4B Architects, every detail has been considered.
Experience pin-drop quiet interiors with superior mechanicals, including central heat and air. Soaring ceilings and rich hardwood floors create a sense of grandeur throughout. The chef’s kitchen boasts an oversized skylight, flooding the space with natural light.
Ample storage options for bikes and personal items ensure a clutter-free living experience. Location & Accessibility:
Enjoy the best of both worlds: central location with private and discreet living. Just steps away from iconic spots like Supreme, Lombardi’s, Aime Leon Dore, and Ruby’s.
Investor Details:
Residential Tenant: Tenant paying $29,950/month.
Commercial Tenant: BOBA GUYS contributes $7,853/month with 3.5% annual increases, currently in year 3 of a 10-year lease, along with proportional building expenses.
Financials:
Annual Income: $453,636 Annual Expenses: Approx $35,844 (taxes, water/sewer, gas) CAP Rate: 5%+ This stunning townhouse presents an exceptional combination of luxurious living and lucrative investment potential. Don’t miss your opportunity to own a prime piece of downtown real estate that truly has it all.
Attention all investors, 1031 Exchange seekers, and end users! Here’s your chance to own a spectacular income-producing property at 35 Spring Street, nestled between Mott and Mulberry Streets. This meticulously renovated townhouse seamlessly blends luxury living with prime commercial opportunities in the vibrant NoLita neighborhood.
Property Features:
Dimensions & Space:
Spanning 19 feet wide, this property offers over 5,200 sq ft of exquisitely designed space with an additional 2,000 sq ft of buildable potential.
Residential Details:
The residence features 3 full bedrooms, 3 full bathrooms, 3 half bathrooms, and a versatile home office. Enjoy four unique outdoor spaces perfect for relaxation and entertaining. Designed with alternating living and entertaining floors to provide an ultimate balance of fun and quiet.
A flexible bonus space can transform into an additional living room, lounge, or media room. The rooftop oasis offers breathtaking views of SoHo, NoLita, and the LES, complete with a half bath and doorbell buzzer for effortless hosting. Design & Amenities:
Crafted by AW4B Architects, every detail has been considered.
Experience pin-drop quiet interiors with superior mechanicals, including central heat and air. Soaring ceilings and rich hardwood floors create a sense of grandeur throughout. The chef’s kitchen boasts an oversized skylight, flooding the space with natural light.
Ample storage options for bikes and personal items ensure a clutter-free living experience. Location & Accessibility:
Enjoy the best of both worlds: central location with private and discreet living. Just steps away from iconic spots like Supreme, Lombardi’s, Aime Leon Dore, and Ruby’s.
Investor Details:
Residential Tenant: Tenant paying $29,950/month.
Commercial Tenant: BOBA GUYS contributes $7,853/month with 3.5% annual increases, currently in year 3 of a 10-year lease, along with proportional building expenses.
Financials:
Annual Income: $453,636 Annual Expenses: Approx $35,844 (taxes, water/sewer, gas) CAP Rate: 5%+ This stunning townhouse presents an exceptional combination of luxurious living and lucrative investment potential. Don’t miss your opportunity to own a prime piece of downtown real estate that truly has it all.
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Listing courtesy of
Corcoran Group
Pricing History
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