$7,495,000
Updated a year ago
Sold

35 Spring Street

Little Italy, Manhattan | Mott Street & Mulberry Street

12 Rooms3 Beds3 Baths5,200 Square FeetMixed Use

$7,495,000
floors / apts4 / 1
Lot Size18'6"x58'6"
Built Size18'5"x58'5"
ZoneC6-2
Building TypeTownhouse
RE Taxes$27,120
Price Per SF
$1,441

This property was sold for $7,200,000 on 02/20/25.

Listing Features

  • Central AC
  • Central Heat

Outdoor space and views

  • Balcony
  • Terrace [13'x18']
  • City Views

Building Amenities

  • Video Intercom
  • Roof Deck
  • Wine Cellar

Property Description for 35 Spring Street

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 History for 35 Spring Street

Now
02/24/2025
$7,200,000
Sold and Closed by Dana Power
Corcoran
2025

Building Details for 35 Spring Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2013
Floors/Apts4/1
Learn More About the Building

Transit and Citi Bike

Subway

Spring St
0.08 miles
Bowery
0.14 miles
Prince St
0.2 miles
Broadway-Lafayette St
0.24 miles
Grand St
0.27 miles

Citi Bike

Cleveland Pl & Spring St
0.08 miles
Kenmare St & Elizabeth St
0.1 miles

Contact Agents

Contact Agents

Dana Power
Corcoran
Licensed As
Maxwell Charles Nehrig
Salesperson
License#:
10401282269
Company:
Corcoran
Max Nehrig
Corcoran

Little Italy | Manhattan

Quick Profile

It’s fitting that the neighborhood’s name is Little Italy because It’s been getting smaller for decades. The Italian immigrants that flooded New York City and built the vibrant ethnic enclave in the 1860s and 1880s eventually left for greener pastures, assimilating into other parts of the city or suburbs. The disappearance of Little Italy is a sad story as far as neighborhoods go, but it’s one that should be told. 

Little Italy once spanned 50 square blocks and represented the biggest population of Italian immigrants in America. But in recent years, it’s been squeezed by the growth of Chinatown and SoHo and muscled from the rebranding of other neighborhoods like NoHo and NoLIta. In fact, NoLita was the culprit that cut the neighborhood in two. Little Italy’s boundaries may vary depending upon who you ask. Today it’s down to just a few blocks along Mulberry Street. 

One of the best ways to experience Little Italy is through its food. Take your pick from mom-and-pop markets, meat and cheese shops, or authentic sit-down restaurants that offer the very best in Italian cuisine. 

Every September (since 1926), the neighborhood hosts the Feast of San Gennaro, which celebrates the patron Saint of Naples Italy. 11 days of food, colorful parades, music performances, and more food. The aroma of zeppole and grilled sausage can be smelt for blocks. Try planning your visit around this festive time. It’s well worth it. 

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: 21991TH