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  • For Sale    113,898,400 JPY (Off Market)
  • 246 Spring Street 4111
  • Property Type: Condo
  • Property Style: Contemporary
  • Bedroom(s): 1
  • Bathroom(s): 1

Property 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 flat-screen television, 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, Signature Spa with Turkish hammam, 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.
Revenue and expense statements pertaining to the unit are available upon request.

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Mae H. Bagai
Mae H. Bagai NRT Sotheby's International Realty