An extraordinary opportunity to design your own SoHo oasis over two full floors here on highly sought-after Mercer Street!
The main floor of this Duplex Loft has soaring ceiling heights approaching 15ft, with exposed brick and original hardwood flooring. In the rear discover a stunning old-world solarium - a unique feature to first floor homes built in this era. A winding steel staircase reaches for the sky to a small outdoor terrace, with the surrounding kitchen basking in natural light.
Multiple mezzanines are currently configured for Home Office and Sleeping areas. Stretching from West to East with 1 full bath, washer/dryer, and tons of storage, this home can have a variety of uses and reconfigurations for its new owner. Connected by an internal staircase, the completely open lower level recreation room has roomy 9. 5ft ceilings. Let your imagination run wild on this extraordinary Live/Work space!
All showings, including Open Houses, are By Appointment only.
18 Mercer Street has made key upgrades, utilizing a modern intercom and entry system, and a key-lock elevator. Built in 1861 and part of the stunning SoHo-Cast Iron Historic District, 18 Mercer offers a classic New York City lifestyle! Cobblestone streets, boutique retail, popular dining, art galleries, and mass transit options are in all within reach. Be close to Gourmet Garage, Trader Joe's, Little Italy, and the exploding tech center within Hudson Square! This is a Co-Exclusive.
All Photos are Virtually Staged. Live/Work Space. Lower Level is Storage per CO. Square Footage is approximate and includes lower level Storage
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.951% | 6.108% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,316 | $6,955 | $9,555 |
Total Monthly Payment | $6,441 | $7,080 | $9,680 |
* 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.