Rare investment opportunity at 246 Spring Street, located within one of Manhattan’s premier luxury hotels. This turnkey unit offers an impressive 6.5% return on investment and includes 120 days of personal use per year, blending income potential with exclusive access to five-star amenities. The residence features custom furnishings by Fendi Casa, bronze fixtures, custom ebony cabinetry, and is complete with a wet bar which includes a refrigerator and microwave. The oversized marble bathroom is truly gorgeous, offering a deep soaking tub and a separate glass-enclosed walk-in rain shower. The residence is outfitted with state-of-the-art one touch control technology for adjustments of the temperature, blinds, and lighting. Whether you're seeking a pied-à-terre with strong financial performance or a pure investment, this property delivers both. Enjoy full hotel services, prime SoHo location, and the ease of professionally managed short-term rental income. Own in the heart of downtown with none of the hassle.
Listed by Asher Alcobi
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License #10311202569
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Peter Ashe
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(212) 750-3322
Last updated August 27, 2025
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Source: REBNY #RLS20028287
Listing Facts
TypeCondo
NeighborhoodHudson Square
Bathrooms1
Days on Prevu98
HOA/Maint. Fees$3,059/month
Taxes$9,828/year
Size500 sqft
Price per sqft$1,700
Amenities
Pets Allowed
Concierge
Pied-A-Terre Allowed
Location
Mortgage Calculator
Listing History
06/03/2025
Listed by Peter Ashe
$850,000
Estimated Closing Costs
Total
$20,974
Attorney Fees
$4,000
Title Insurance
$3,825
Bank Attorney
$1,500
Mortgage Recording Tax
$7,649
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $850,000 and a 50% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 246 Spring Street 3504
Association
Amenities
Pets Allowed: Building Yes, Yes
Concierge: Concierge Full Time, Doorman Full Time, Lobby Attendant Full Time
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.