Active
35 Spring Street
New York City NY, 10012
$7,495,000
$1,441.35 per sqft
Active
3 Beds
4 Baths
5,200 sqft
Town House
Built in 1901
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.
PRCH-20971412
MLSⓇ ID
May 24, 2024
Listed
August 23, 2024
Updated
Map
35 Spring Street
New York City NY, 10012
Interior Features
Total Stories
4
Bedrooms
3
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Laundry Description
In Unit
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.02 Acres
Exterior Features
Building Garden, Garden
Lot Features
Garden
Other Property Details
HOA Frequency
Monthly
Garage
No
View
No
County
NewYork
Pool
No
Zoning
C6-2/LI
Listed by Jared Schwadron with OFFICIAL
Listing Contact: (917) 355-9676
The IDX display contains information sourced from the Real Estate Board of New York as of 8/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Real Estate Board of New York all rights reserved.
Data last updated on 8/23/2024 at 4:49 PM UTC