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$7,370,083
List Price: $7,495,000
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35 Spring Street
Townhouse in Soho •  building info
3bd • 3.5ba • 5,200ft² $1,441 per ft²
Buy with Yoreevo

$7,370,083

List Price

$7,495,000

Key Details
Days on market
64
Last price change
loading...
Estimated payment
$43,751
Taxes
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.

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Listing Amenities
Hardwood floors
City View
Building Amenities
Bike Room
Outdoor Space
Roof Deck
Private 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
6.75 %
Mortgage Amount
$6,745,500
Mortgage Payment
$43,751
Taxes
$0
Estimated Yoreevo rebate
$124,917
Estimated closing cost
$335,000
Total monthly cost $43,751
Buy your dream home with us and get an estimated
$124,917 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of OFFICIAL

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