35 Spring Street, New York City, NY 10012 - Photo 1

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$7,200,000

Sold
Closed
Single Family
3 Beds
3 Full Baths
2 Partial Baths
5,200 Sq. Ft.

1/1

Property 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 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.

Full Property Details

Full Property Details for 35 Spring St

General

Sold For: $7,200,000
Taxes: $27,120
Status: Closed
Type: Single Family
Source: REBNY
MLS ID: RLS11010049
Added to Site: 513 day(s) ago

Interior

Number of Rooms: 12
Furnishings: Unfurnished

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 3
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: See Remarks

Location

County: New York
Subdivision: NoLita

Structural Information

Structure Type: Mixed Use, Townhouse
Stories/Levels: 4
Square Feet: 5,200
Living Area: 5,200 Sq. Ft.
Year Built: 1901

Lot Features

Lot Dimensions: 18.500000 x 58.500000

Financial Considerations

Assoc Fee Freq.: Monthly
Tax Amount: $27,120

Disclosures and Reports

Block: 494
Lot Number: 38

Listing Courtesy of Compass

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Schools

Schools serving 35 Spring St

School District:New York City Geographic School District 02

Name	Grades	Distance
Ps 130 Hernando De Soto 143 Baxter Street, New York, NY 10013	K-5	0.2 mi
Ms 131 100 Hester Street, New York, NY 10002	6-8	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 35 Spring St

Date

Details

Price

Change

Source

2/20/2025

Sold

$7,200,000

-3.94%

MLS

9/18/2024

Listed

$7,495,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

35 Spring Street, New York City, NY 10012 (MLS# RLS11010049) is a Single Family property that was sold at $7,200,000 on February 20, 2025. Want to learn more about 35 Spring Street? Do you have questions about finding other Single Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

35 Spring St New York City, NY 10012