Buy with Yoreevo
$7,382,575
List Price: $7,495,000
Share Listing
Save Listing
35 Spring Street
Townhouse in Soho •  building info
3bd • 3ba • 5,200ft² $1,441 per ft²
Buy with Yoreevo

$7,382,575

List Price

$7,495,000

Key Details
Days on market
99
Last price change
loading...
Estimated payment
$44,896
Taxes
$2,260
Monthly maintenance
N/A
Description
Exquisite Turn-Key Mixed-Use Townhouse in the Heart of NoLita Attention all investors, 1031 Exchange seekers, and end users! Heres 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 chefs 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, Lombardis, Aime Leon Dore, and Rubys. 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. Dont miss your opportunity to own a prime piece of downtown real estate that truly has it all.

Read Less

Important Stuff
Washer/Dryer in unit
Listing Amenities
City View
Dishwasher
Central Air
Outdoor Space
Terrace
Roof Deck
Building info

History
What it'll cost
Purchase price
$7,495,000
Asking Price: $7,495,000
Term
30 Years
Down Payment
$749,000 (10%)
Min: 10% (749,000)
Rate
6.5 %
Mortgage Amount
$6,745,500
Mortgage Payment
$42,636
Taxes
$2,260
Estimated Yoreevo rebate
$112,425
Estimated closing cost
$333,000
Total monthly cost $44,896
Buy your dream home with us and get an estimated $112,425 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Compass

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.