246 Spring Street #3504, New York City, NY 10013
Listing Courtesy of Peter Ashe
$675,000
Potential Rebate: $10,125
Overview
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.<br>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.<br>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.
Home Features
- •See Remarks
- •Building Roof Deck
- •City
Estimated Monthly Payment
$7,213 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$10,125
Monthly savings impact
$28/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listing Courtesy of Corcoran Group
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Rebates Up To
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Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Peter Ashe
Data Source: TRESTLE #RLS20028287
Price Analysis
Compare average listing prices and value metrics for 246 Spring Street against the surrounding SoHo market.
Average List Price
Price Per SqFt
40.21% Lower
than the SoHo price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
SoHo
Overview of SoHo
SoHo (South of Houston) is the retail capital of New York City and a global icon of loft living. Famous for its cast-iron architecture and cobblestone streets, it is an open-air mall of high fashion and art. For buyers exploring SoHo Manhattan real estate, it offers the ultimate "downtown" lifestyle.
Living in SoHo, Manhattan is stylish and energetic. The streets are a runway, filled with models, tourists, and locals shopping at flagship stores. As a premier Manhattan NYC neighborhood, it combines historic industrial beauty with modern luxury.
Real Estate & Housing Market
The market for homes for sale in SoHo is legendary. It is defined by massive cast-iron lofts with soaring ceilings, Corinthian columns, and oversized windows. These spaces, once factories, are now some of the most expensive apartments in the world.
New construction is rare and often hidden behind historic facades. The area attracts a global elite—from tech entrepreneurs to Hollywood stars—who value the unique architectural character and central location.
Lifestyle & Community
The lifestyle in SoHo is cosmopolitan. Residents have the world's best shopping at their doorstep, from Chanel to Supreme. Dining is equally high-end, with power-lunch spots like Balthazar serving as neighborhood institutions.
The community is a mix of old-guard artists (who are protected by AIR - Artist in Residence zoning) and wealthy newcomers. It is busy by day but quiets down surprisingly well on the side streets at night.
Transportation & Accessibility
SoHo is incredibly well-connected. The R/W trains at Prince Street, the 6 at Spring Street, and the C/E at Spring Street provide comprehensive coverage. Canal Street to the south offers access to almost every line.
It is a walker's paradise. You can easily walk to Tribeca, the West Village, and Nolita, making it the perfect launchpad for downtown exploration.
Parks, Schools & Amenities
While SoHo itself is dense with buildings, it is close to Hudson River Park to the west. The Vesuvio Playground is a local favorite for families.
Amenities are focused on consumption: high-end gyms like Equinox, luxury spas, and gourmet markets like Dean & DeLuca (historically, though the retail landscape shifts). It is a neighborhood designed for those who enjoy the finer things.
Who This Neighborhood Is Best For
SoHo is best for fashion lovers, art collectors, and buyers who dream of authentic loft living in one of the world's most recognizable neighborhoods.
