35 Spring Street
Description
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
Property Details for 35 Spring Street
| Status | Active |
|---|---|
| MLS ID | PRCH-20971412 |
| Days on Market | 151 |
| Taxes | $2,103 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 12.0 |
| Compass Type | Single Family |
| MLS Type | Single Family Townhouse |
| Year Built | 1901 |
| Lot Size | 1,082 SF / 18' x 58' |
| County | New York County |
Building
35 Spring St
Building Information for 35 Spring Street
Property Information for 35 Spring Street
- Subdivision Name: NoLIta
- Stories Total: 4
- Garage Spaces: 0.0
- Tax Lot: 0038
- Tax Block: 00494
- Association Fee Frequency: Monthly
- Building Tax Lot: 0038
- Tax Abatement YN: false
- Garage: No
- Garage Spaces Assigned YN: false
- Living Area: 5200.0
- Building Area Total: 0.0
- Building Area Units: SquareFeet
- Lot Features: Garden
- Lot Size Dimensions: 18.5 x 58.5
- Living Area Units: SquareFeet
- Building Exterior Features: Garden
- Building Laundry Features: InUnit
- Building Pets Allowed: BuildingYes
- New Development: No
- Sponsor Unit: No
- Certificate Of Occupancy: No
- Common Interest: None
- New Construction: No
- Structure Type: Townhouse
- Property Condition: Excellent
- Exterior Features: Garden
- Fireplace: No
- Furnished: Unfurnished
- Laundry Features: InUnit
- ElevatorsTotal: 0
- Size Dimensions: 0
- Number Of Units Total: 1
- Pets Allowed: UnitYes
- Attendance Type: None
- Owner Pays: None
Property History for 35 Spring Street
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 35 Spring Street
Schools near 35 Spring Street
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.
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