35 Spring Street

$7,495,000
Price
3
Beds
3
Baths
1
1/2 Bath
5,200 Sq. Ft.
$1,441 / Sq. Ft.
5,200
Sq. Ft.
$1,441
per Sq. Ft.

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...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.

Property Details for 35 Spring Street

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LISTING UPDATED: 10/31/2024 03:39 PM

Property Details for 35 Spring Street

StatusActive
MLS IDRPLU-33423024871
Days on Market181
Taxes$2,103 / month
Maintenance-
Min. Down Pymt-
Total Rooms12.0
Compass TypeTownhouse
MLS Type-
Year Built1901
Lot Size1,082 SF / 58' x 18'
CountyNew York County

Building

35 Spring St

1 Units4 StoriesBuilt in 1901

Building Information for 35 Spring Street

Stories4Residences1Year Built1901Lot Size1,082 SF / 58' x 18'Building AgePre-warBuilding TypeTownhouse

Property Information for 35 Spring Street

Summary
Location and General Information
  • Subdivision Name: Nolita
  • Stories Total: 4
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0038
  • Tax Block: 00494
  • Flip Tax: $0
  • Building Tax Lot: 0038
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 5200.0
  • Building Area Total: 5200.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 58.50x18.50
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: MixedUse
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Cooling: Other
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Floor Number: 1
  • Basement: Yes
  • Cooling: Yes
  • Laundry Features: InUnit
  • ElevatorsTotal: 0
  • Number Of Professional Units Total: 1.0
  • Size Dimensions: 32.00x18.50
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: Yes
  • Attendance Type: None
  • Land Lease: No

Property History for 35 Spring Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 35 Spring Street

Taxable ValueLand$64,800Additions$406,800Total$471,600
Home Facts
Total Finished SqFt4,576 SqFtLot Size1,082 SqFtYear Built1901ZoningC6-2APN1004940038

Schools near 35 Spring Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 130 Hernando De Soto
PublicPK to 5

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Ms 131
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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35 Spring Street is a townhouse for sale in NoLita. This property was listed for sale on May 24, 2024 by Corcoran Group, it's currently listed at $7,495,000. It has been on the market for a total of 181 days and was last sold on February 6, 2012. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 130 Hernando De Soto, Lower Manhattan Community Middle School and Nyc Lab Ms For Collaborative Studies. 35 Spring Street is a 3-bed, 3.5-bath, 5,200 sqft townhouse built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.