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330 Spring Street
New York, NY 10013
Nick Gavin with Compass, original listing -
$17,750,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
4266 Square Feet
Property Description
Introducing the Penthouse at 330 Spring Street, a full-floor five-bedroom home with interiors by Annabelle Selldorf and two terraces totaling almost 1,600 square feet wrapping three sides of this grand home on SoHo s coveted waterfront. 360 degree exposures from floor-to-ceiling windows in every room - true to the building s name, The Urban Glass House - provide stunning views, including sunsets over the Hudson River, the triumphs of downtown s skyline, north to Hudson Yards, and an intimate glimpse into SoHo. With 11.5 ceilings, a private landing with an additional service entrance, and an unbeatable flow separating the private and public spaces, this is a grand home as well suited for entertaining as it is for the easy comforts of daily life. The Urban Glass House was the late architect Philip Johnson's final project, taking inspiration from his personal residence, the original Glass House in New Canaan, Connecticut. Perhaps nowhere in his oeuvre is the name more apt than the Penthouse at The Urban Glass House, where over 70 floor-to-ceiling windows offer front row views to many of the city's most iconic vistas, yet, miraculously, without sacrificing privacy or intimacy. From the private elevator landing, enter the penthouse through the foyer, the first of many places for art enthusiasts to display their collection on the home's custom Venetian plaster walls. The living and dining rooms, with an open layout allowing tons of light and ease of access, are nonetheless each defined by the through-wall fireplace between them. There is also a powder room located discreetly off the foyer, perfect for guests. A media room with open northern and western exposures rounds out the public space; this room can be closed off for quiet evenings in. The grand entertaining space includes multiple access points to the north and east terrace. Wrapping a third of the entire apartment, this terrace features multiple seating areas, an outdoor dining room, and views spanning from the Empire State Building to the Freedom Tower. Leading directly from the dining room, the kitchen is perfect for staff or caterers; it has another access point to the east terrace, allowing for unobtrusive service. A chef s dream, the kitchen features Bulthaup cabinets, two islands, two fridges, a wine fridge, and high-end appliances throughout. With a coffee bar and eat-in seating, it s also set up for casual daily use. On the western and southern sides of the penthouse, the bedroom suites can be fully closed off from the public areas. Five bedrooms, four of which have en-suite bathrooms, constitute the private quarters, as well as a full laundry room complete with a sink and additional storage. Each of the three full bathrooms is windowed, as is the laundry room. The first two bedroom suites share a jack-and-jill bathroom with a separate soaking tub and stall shower. The first bedroom has one of two access points to the west terrace. In addition to its immaculate sunset and river views, the west terrace has multiple seating and lounging areas. Views include downtown landmarks, spanning all the way to the Statue of Liberty. The huge principal bedroom suite occupies the southwest corner of the home. With another access point to the west terrace - including a privacy boundary demarcating the suite s own terrace area - an exceptionally large walk-in closet, and a spacious en-suite bathroom with a soaking tub and double vanity, this is a rare sanctuary. Enjoy watching boats go in and out of Hudson harbor while relaxing in the bathtub. Two more bedrooms, one with an en-suite bathroom, both with generous windows, closet space, and views, create ample possibilities for guests or additional sleeping arrangements. Zoned heating and cooling, and a central sound system, add the final touches to this impeccably designed home. The Urban Glass House at 330 Spring Street is a flagship condominium for SoHo s Hudson Square area. With only 40 units, this boutique building features a gym, a full-time doorman, an on-site super, and bike storage. Co-exclusive with Modlin Group.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
330 Spring Street
City
New York
State
NY
Zip Code
10013
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(212) 913-9061
Office Name
Office Phone
Agent Name
Nick Gavin
Agency Phone
(646) 586-8268

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.