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The Dominick, 246 Spring Street, #4303

Listing no longer available on CityRealty as of Jul 5, 2022
It previously was on the market for a total of 141 days.
Last Sold on Sep 9, 2022 for $1,950,000
2 beds, 2.5 baths | Approx. 1,797 ft2
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  • Buyers
  • Verdandi V, Llc
  • Sellers
  • As Referee Clark Whitsett Esq
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141 days on Market

Pricing History

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Key Details

  • Listed: Feb 14, 2022
    Last Price Change: -8% ($200,000) on Jun 9
    Days on Market: 141
    Building Type: Condominium
    Neighborhood: SoHo (Manhattan)
    Doorman: FT Doorman
    Listing viewed 854 times
Monthly Common Charges: $19,998
Monthly Real Estate Taxes: $6,500
Total Taxes & Fees: $26,498 ($14.75/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $39,100 ($21.76/ft2)
Note: the above is based on a down payment of 20% ($460,000), which is the minimum amount permitted by the building.

Description

CINEMATIC EXPERIENCEPerched on the 43rd Floor of The Dominick, the only independent Five-Diamond property in NYC, this PENTHOUSE two (2) bedroom, two-and-a-half (2.5) bath residence offers one of the most unique ownership investment opportunities in New York. For purchasers, this rare condo-hotel model, offers the ultimate in flexibility as the unit is managed and rented on a nightly basis generating income while owners are away, and owners can stay for up to four (4) months out of the year. Penthouse 4303 has the best layout in the building occupying the full Western corner of the building and a 270-degree view experience that feels like you are floating above SoHo. The split bedroom floorplan offers two gracious Master Bedrooms each furnished with luxurious king-sized beds with elegant leather headboards.

Both bedrooms feature five (5) fixture En Suite ’spa-like’ Master bathrooms wrapped in Italian marble, custom dual vanities, glass-enclosed showers and beautiful soaking tubs with extravagant views. The living room is magnificent and voluminous with 11’ ceilings and floor-to-ceiling windows with direct Hudson River views and iconic Downtown and Midtown views from morning to evening. 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 Sub-Zero refrigerator, wine cooler, full-service breakfast bar, custom cabinetry with Macassar ebony doors, and island peninsula with stools for enjoying your morning coffee and entertaining guests.

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 allows 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 can stay up to 29 nights in any 36-day period while enjoying the world-class amenities and services of the hotel. When owners are not using the unit, it automatically goes into the hotel algorithmic system to be rented out nightly, weekly or even monthly by visitors to New York.

The unit comes with a sizable locked and secured owner’s closet for all your personal belongings during your visits. This seamless ownership program is run completely by the hotel and does not require any involvement from the owner. As an owner, you’ll get 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.

In 2021 the unit generated over $90K in net income after expenses (common charges) and the hotel was only open for 75% of the year! The Dominick hotel is a cut above with exceptional amenities including world-class dining, 11,000sf bi-level Babor Signature Spa with Turkish hammam and indoor/outdoor relaxation lounges, state-of-the-art fitness center with MIRROR Workouts, Peloton bikes and TechnoGym, outdoor pool lounge, 24 hour concierge and signature personalized services. Designed by the Rockwell Group the lobby features 22’ ceilings with intimate alcove seating areas, The Library, a mezzanine seating area over-looking the lobby, conference and business center, and a private private top floor venue for events. A landscaped Urban Plaza adjacent to the hotel extends from Spring Street to Dominick Street, with decorative lighting and spacious seating areas.

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Apartment Amenities

  • River View

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

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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