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THE ONLY TRUE "LIVE/WORK" APARTMENT AT THE SILK BUILDING IS NOW AVAILABLE!
Don't miss out on this one-of-a-kind, sunny triplex home at the iconic Silk Building in the heart of NoHo! This unique combination of units 814 and 607 is located on floors six through eight creating a dramatic and private townhouse-like home, while benefiting from the convenience and security of a full-service condominium.
This sprawling, 2300+sqft multi-level loft is the only unit in the building that is a combination of a residentially zoned unit and a commercially zoned unit, creating the ultimate flexible live/work home that has the space and freedom to be used as you wish-ideal in this new post-Covid world where working from home is the ultimate luxury. Use strictly for residential use or designate a portion of this expansive unit as a studio or active office.
There are entrances on the sixth and eighth floors and the unit is currently configured with 3-bedrooms and 3-bathrooms; however the options to redesign the space are endless with existing plumbing making a bathroom on the 7th floor possible, as well as the ability to move the kitchen to expand and open the living area. There are few structural impediments to work around if modifying the layout. (All renovations are subject to condominium approval. )
The living room, kitchen and other shared spaces are located on the 7th floor. The bright, north-facing living room is centered around a wood-burning fireplace, and the oversized windows showcase a backdrop of city views of the surrounding historic architecture and rooftop water towers. The layout lends itself to a separate dining area or another cozy sitting room. The kitchen is just off of the dining area and features a Viking range and Miele dishwasher and has the potential to be opened to the living area or relocated. Tucked behind the dining area and currently used as an office with a loft, this sunny room with southern exposure can also be a 3rd bedroom or a flexible guest room. Another small room on this floor already has plumbing and could potentially be a new location for an expanded kitchen.
The 6th floor is currently configured as a quiet and secluded bedroom wing. The enormous primary suite includes a massive ensuite bathroom with separate Jacuzzi tub and steam shower. A second bedroom and full bathroom are also on this level, as well as a large interior room that could be a great game and media room or large home gym.
The 8th floor would be an ideal location for a private guest suite. Currently configured with built-in storage, a secluded hideaway loft and a full bathroom, this floor could be leveled for another bedroom or alternatively, a home office space.
The Silk building was built in the early 20th century as a factory producing silk garments. It solidified its place in pop-culture history as the site of the New York flagship Tower Records store that occupied the ground level from 1983 to 2006. Over the years, numerous A-list celebrity residents have added to the building's mystique, and its Noho location makes it one of the most coveted condominiums downtown. The condominium features a 24-hour doorman, superintendent, roofdeck in the process of being redesigned, bike storage and common laundry.
Please note that there is currently a capital assessment in the amount of $1751. 54/month to pay for repairs and to replenish the reserve fund running for 18 months beginnning in May 2023.
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Our Executive Mortgage Banker:
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$2,850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $2,280,000 | $2,280,000 | $2,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,487 | $14,411 | $19,549 |
Total Monthly Payment | $13,612 | $14,536 | $19,674 |
* 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.