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A blog from CityRealty (Links below will take you to the 6sqft site)

The Dominick, 246 Spring Street, #4111

$1,500,000 | 1 bed, 1 bath

Key Details

  • Listed Jul 21, 2020
    Building Type Condominium
    Neighborhood SoHo
  • Monthly Common Charges $3,586
    Monthly Real Estate Taxes $1,168
    Doorman FT Doorman

Description

This Penthouse level residence situated on the 41st Floor of The Dominick offers an exceptional ownership investment opportunity in New York City. Suite 4111 has one of the most unique layouts in the building showcasing northern and eastern views of Manhattan. This unique condo-hotel structure offers the ultimate in flexibility as the unit is managed and rented on a nightly basis generating income while owners are not in occupancy, and owners can enjoy a complimentary stay for up to four months out of the year.

It makes a great set up for pied-a-terre use or investment property. This seamless ownership program is run by the hotel management and does not require any partaking from the owner. As an owner, you will receive a monthly breakdown of the unit's financial activity which will automatically deduct any costs associated with the ownership through the revenue generated resulting in a positive net income – the hotel has recently been operating at 90% occupancy due to the incredible location, amenities, views and services.

The oversize studio floor-plan offers floor-to-ceiling windows, furnished with luxurious king-sized beds with elegant leather headboards. Master Bathroom features five fixture en-suite spa bathroom wrapped in Italian marble, custom vanity, glass-enclosed showers and beautiful soaking tubs with unobstructed views. The grand studio suite room is stunning and voluminous with high ceilings and floor-to-ceiling windows with direct Eastern, Downtown Skyline and Hudson River from sunrise to sunsets. Contemporary furnishings by Fendi Casa in a sophisticated palette of bronze and ivory, with accent pieces in hand-finished suede and leather exude elegance.

The open kitchenette is equipped with refrigerator, wine cooler, full-service breakfast bar, custom cabinetry with ebony doors. Additionally, the unit features state-of-the-art Control 4 technology which allows one-touch controls for blinds, temperature and lighting, and also included in the entertainment package is a 42-inch HD flat-screen television, DVD/CD player and sound system, and high-speed Internet connectivity. The Dominick permits its owners to stay in the unit for up to 120 days a year while renting it through the hotel program while not in use by the owner. Owners are allowed up to 29 nights in any 36-day period while enjoying the world-class amenities and services of the hotel.

When owners are not in residency in the unit, it automatically goes into the hotel algorithmic system to be rented out nightly, weekly or even monthly by visitors to New York City. The Dominick offers incredible suite of amenities including world-class dining, outdoor swimming pool lounge, indoor/outdoor relaxation lounges, spa, state-of-the-art fitness center with Mirror Workouts, Peloton bikes and TechnoGym, and 24-hour concierge. Designed by the Rockwell Group the lobby features The Library, a mezzanine seating area over-looking the lobby, conference and business center, and a top floor venue for private events.

A landscaped Urban Plaza adjacent to the hotel extends from Spring Street to Dominick Street, with decorative lighting and spacious seating areas. Last few year's revenue and expense statements pertaining to the unit are available upon request.

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Apartment Amenities

  • River View
  • Washer/Dryer in apt.
  • Garden

Pricing History

Show more

Estimated Monthly Cost

About The Dominick, 246 Spring Street

91

The Dominick, 246 Spring Street has received a CityRealty Rating of 91, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

37
Out of 44
+
27
Out of 36
+
18
Out of 39
+
9
=
91
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Free Standing 2 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
Yes, but Small 1 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points
  • Condo
  • Built in 2009
  • 391 Apartments
  • 46 Floors

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Business Center
  • Event Room
  • Valet Parking
  • Lounge
  • Fitness Center
  • Outdoor Entertainment Space
  • Screening Room
  • Terraces / Balconies
  • Virtual Doorman

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Pros
  • Concierge
  • Nightclub
  • Restaurant
  • Spa
  • Great views
  • Wet bars
  • In-room catering
  • Swimming pool
  • Valet parking
  • Doorman
  • Close to Subway
Cons
  • No cooking facilities in units
  • Many units
  • Small units
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Subways

  1. C
  2. E
at 6th Ave and Vandam 0.11 miles
  1. 1
at Varick 0.18 miles
  1. A
at Thompson 0.31 miles
  1. N
  2. R
at Broadway 0.41 miles
  1. J
  2. Z
  3. Q
  4. 6
at Broadway 0.45 miles
  1. M
  2. B
  3. D
  4. F
at Houston 0.49 miles

Aerial Imagery

 
About this Building

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Listing provided courtesy of Sothebys Intl Realty
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