$3,000,000
Updated 5 years ago
Off Market

The Dominick

246 Spring Street, 4103

Soho, Manhattan | Ave of the Americas & Varick Street

2 Rooms1 Bed1 BathCondo

$3,000,000
Common Charges$2,900
RE Taxes$780

Listing Features

  • Corner Apartment
  • High Ceilings [11']
  • Library / Den
  • Mezzanine
  • Penthouse/Top Flr
  • Wall Mounted TV
  • Flr-to-Clg Windows
  • Dishwasher
  • Kitchenette
  • Open Kitchen
  • Wine Cooler
  • Double Vanity
  • En Suite Bathroom
  • Soaking Tub
  • Stall Shower

Outdoor space and views

  • City Views
  • East Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full Service
  • Business Center
  • Elevator
  • Fitness Facility
  • Hotel Service
  • Pool
  • Resident Lounge
  • Roof Deck
  • Spa Services

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 246 Spring Street, 4103

This unique condo-hotel suite is at the Penthouse level situated on the 41st Floor of The Dominick and has one of the most unique studio layouts in the building showcasing corner South and East exposures and views of Downtown Manhattan.

This generous studio floor-plan offers floor-to-ceiling windows and is elegantly furnished with a luxurious king-sized bed, with leather headboard. The windowed Bathroom is wrapped in Italian marble, has a custom vanity, glass-enclosed shower and beautiful soaking tub with unobstructed views. The open kitchenette is equipped with Sub-Zero refrigerator, wine cooler, full-service breakfast bar, custom cabinetry with ebony doors. Additionally, the unit features state-of-the-art Control 4 technology which allows one-touch controls for blinds, temperature and lighting, and also included in the entertainment package is a 42-inch HD flat-screen television, DVD/CD player and sound system, and high-speed Internet connectivity.

This unit offers the ultimate in flexibility as the unit is managed and rented on a nightly basis generating income while owners are not occupying, and owners can enjoy a complimentary stay for up to four months out of the year. Its a perfect set up as a pied-a-terre and/or investment property. The rental program is run by strictly by hotel management and does not require any partaking from the owner. As an owner, you will receive a monthly breakdown of the unit's financial activity which will automatically deduct any costs associated with the ownership through the revenue generated resulting in a positive net income.

The Dominick permits its owners to stay in the unit for up to 4 months/120 days a year while renting it through the hotel program while not in use by the owner. Owners are allowed up to 29 nights in any 36-day period while enjoying the world-class amenities and services of the hotel. When owners are not in residency in the unit, it automatically goes into the hotel algorithmic system to be rented out nightly, weekly or even monthly by visitors to New York City.

The Dominick offers incredible suite of amenities including world-class dining, outdoor swimming pool lounge, indoor/outdoor relaxation lounges, Signature Spa with Turkish hammam, state-of-the-art fitness center with Mirror Workouts, Peloton bikes and Techno Gym, and 24-hour concierge. Designed by the Rockwell Group the lobby features The Library, a mezzanine seating area over-looking the lobby, conference and business center, and a top floor venue for private events. A landscaped Urban Plaza adjacent to the hotel extends from Spring Street to Dominick Street, with decorative lighting and spacious seating areas.

Revenue and expense statements for this unit are available upon request.

Advance notice to show.

Video Walkthrough


Building Details for 246 Spring Street

OwnershipCondo
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built2009
Financing Allowed50%
Floors/Apts46/391
Learn More About the Building

Transit and Citi Bike

Subway

Spring St
0.1 miles
Canal St
0.19 miles
Houston St
0.19 miles
Canal St
0.32 miles
Prince St
0.41 miles

Citi Bike

Spring St & Hudson St
0.13 miles
Varick St & Watts St
0.13 miles

Contact Agents

Contact Agents

Janine Ballato
Keller Williams NYC
Rana Williams
Keller Williams NYC

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 914150