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22696099

32 Spring St, New York, NY 10012

EM
NY 10491203736
Arch Equities
Listed by Arch Equities
Unpriced
202 days on market
Updated 43 days ago

32 Spring Street

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building
Square Footage 8,312
Units 8
Stories 5
Investment Type Core+
Ground Lease No

Mixed Use | 8,312 SqFt

Marketing description

32 Spring Street, NoLita presents a rare opportunity to acquire a high-performing mixed-use asset in one of downtown Manhattan’s most coveted retail and residential corridors. Located at 32 Spring Street, New York, NY, this five-story, 7,579 SF building sits on a 25.25' x 100.83' lot within a C6-2/LI zoning district and features 8 total units, including 6 free-market residential apartments and 1 ground-floor commercial space. The retail component is anchored by Cholapink Corp in 2,050 SF of commercial space, secured by a long-term lease through January 2041. Residential income is generated by a collection of desirable free-market units, including multiple flex layouts and penthouse space. With 86% free-market tenancy, stable mixed-use income, and an exceptional NoLita location surrounded by luxury retail, dining, and transit, 32 Spring Street, NoLita offers investors a compelling blend of immediate yield, long-term security, and future upside.

Investment highlights

Tax Class 2B, 6FM/1RS

Building was recently gut renovated

Listing Contacts

EM
NY 10491203736
Arch Equities
Listed by Arch Equities

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Additional Information

Name
Eleas Mathios
License
10491203736
Brokerage
Arch Equities
Title
Principal/Owner
Brokerage Address
215 Park Avenue South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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