$7,200,000
SOLD FEB 20, 2025

35 Spring St New York, NY 10012

Nolita Neighborhood
3 Beds
5 Baths
5,200 Sq Ft
1901 Built

Recently Sold

$1,385 Per Sq Ft

4% Below List Price

103 Days on Market

Highlights

  • No HOA
  • 2-minute walk to Spring Street (4,6 Line)
  • 1-minute walk to DeSalvio Playground
  • P.S. 130 - Hernando De Soto Rated A
  • No Heating

About This Home

As of February 2025

Exquisite Turn-Key Mixed-Use Townhouse in the Heart of NoLitaAttention 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: $453,636Annual 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.

Last Agent to Sell the Property

Jared Schwadron

Compass License #10301204932 Listed on: 09/18/2024

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,120

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 18.500000x58.500000

Interior Spaces

  • 5,200 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Nolita Subdivision

Listing and Financial Details

  • Legal Lot and Block 38 / 00494

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,120

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: NoLita
  • Entry Level: 1
  • Structure Type: Mixed Use, Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Fireplace: No
  • Living Area: 5200.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: No

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 18.500000x58.500000

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 4
  • Year Built: 1901

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00494
  • Tax Lot: 38
  • Tax Annual: 27120.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Feb 20, 2025
Sold by
35 Spring Street Llc
Bought by
35 Spring Street Nyc Llc
Seller's Agent
Jared Schwadron
Compass
List Price
$7,495,000
Sold Price
$7,200,000
Premium/Discount to List
-$295,000
-3.94%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%

Purchase Details

Closed on
Aug 14, 2008
Sold by
Suckling Andrew Paul
Bought by
35 Spring Street Llc

Purchase Details

Closed on
Mar 29, 2006
Sold by
Cuyler Jean
Bought by
Suckling Andrew Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2003
Sold by
Cuyler Jean and As Trustee Of The Jean Cuyler Revocable
Bought by
Cuyler Jean

Purchase Details

Closed on
Jul 24, 1996
Sold by
Cuyler Jean
Bought by
The Jean Cuyler Revocable Trust and Cuyler Jean
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $7,200,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed $2,300,000 --
Deed $2,300,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 Unknown
Previous Owner $60,000 Commercial
Previous Owner $2,600,000 Commercial
Previous Owner $450,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Price Changed $27,000 -8.5% $5 / Sq Ft
03/21/2025 03/21/25 Price Changed $29,500 -15.7% $6 / Sq Ft
02/25/2025 02/25/25 For Rent $35,000 0.0% --
02/20/2025 02/20/25 Sold $7,200,000 -3.9% $1,385 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $7,495,000 -- $1,441 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,137 $152,232 $23,053 $129,179
2024 $30,137 $150,049 $64,800 $129,432
2023 $28,749 $141,557 $21,609 $119,948
2022 $27,665 $463,920 $64,800 $399,120
2021 $28,300 $449,160 $64,800 $384,360
2020 $26,852 $418,560 $64,800 $353,760
2019 $26,157 $363,960 $64,800 $299,160
2018 $24,047 $117,964 $25,203 $92,761
2017 $23,542 $115,486 $25,946 $89,540
2016 $22,402 $112,060 $30,211 $81,849
2015 $13,140 $105,717 $34,204 $71,513
2014 $13,140 $104,202 $40,452 $63,750
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Erez Rose

    Compass

    (646) 868-7226

    23 Total Sales

    Erez Rose
    Section Image
  • Jared Schwadron

    Seller's Agent in 2025

    Jared Schwadron

    Compass

    (917) 355-9676

    1 in this area

    28 Total Sales

    Jared Schwadron
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Cameron Armand

    Compass

    (978) 810-0313

    2 Total Sales

    Cameron Armand
    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11010049

Real Estate Board of New York (REBNY)

APN: 0494-0038

New York New York County New York 10012 Nolita

35 Spring St, New York, NY

This home is located at 35 Spring St, New York, NY 10012 and is currently priced at $7,200,000, approximately $1,384 per square foot. This property was built in 1901. 35 Spring St is a home located in New York County with nearby schools including P.S. 130 - Hernando De Soto, M.S. 131 Dr. Sun Yat Sen, and Clinton School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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