35 Spring Street
Listed By Compass
New
Listed By Compass
New
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.
Listing Agent
![Jared Schwadron]()
jareds@compass.comP: 917.355.9676
Amenities
- Lowrise
Property Details for 35 Spring Street
| Status | Active |
|---|---|
| Days on Market | 1 |
| Taxes | $2,260 / month |
| Maintenance | - |
| Min. Down Pymt | 10% |
| Total Rooms | 12.0 |
| Compass Type | Townhouse |
| MLS Type | - |
| Year Built | 1901 |
| Views | - |
| Architectural Style | - |
| Lot Size | 1,082 SF / 19' x 59' |
| County | New York County |
| Buyer's Agent Compensation | 2.5% |
Building
35 Spring St
Building Information for 35 Spring Street
Property History for 35 Spring Street
| Date | Event & Source | Price | Appreciation | Link |
|---|
| Date | Event & Source | Price |
|---|
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.
Neighborhood Map and Transit
Similar Homes
Similar Sold Homes
Homes for Sale near NoLita
Neighborhoods
Cities
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.
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.