The rarest of rare. . . This prime corner building is located at the very epicenter of Soho and offers a unique opportunity to own a piece of New York history! Perfectly positioned at the corner of Prince and Wooster Streets, this iconic property offers tremendous curb appeal and features a prominent ground floor retail space and four free-market floor thru apartments above. Currently occupied by a AAA tenant, the corner retail space is bathed in natural light with multiple display windows and features a dramatic double-height cellar with mezzanine office and powder room. A separate street and lobby entrance leads to four free-market floor-thru apartments, each self-contained with a renovated kitchen and bathroom, separate bedroom, and bright corner exposures offering magnificent views of the surrounding landmarked district. The building is in excellent structural condition throughout and lends itself to a myriad of possibilities including live/work, passive rental income, family office, 1031 tax exchange, or conversion to a spectacular single family residence with magical roof garden overlooking all of Soho. So many options!
Built in 1852, the 5-story brick and iron building is located right in the heart of Soho's historic Cast-iron District and is surrounded by charming cobblestoned streets with alluring high-end retail storefronts. The neighborhood is internationally recognized for its superb architecture, world class shopping, fine restaurants and vibrant energy which defines the very spirit and essence of New York. A truly once-in-a-generation opportunity to own an iconic property in one of the world's most desirable locations!
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $10,400,000 | $10,400,000 | $10,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $60,692 | $65,735 | $87,761 |
Total Monthly Payment | $60,817 | $65,860 | $87,886 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.