For almost five decades, the opportunity to own a space within Calvert Vaux and George Kent Bradford's iconic Tompkins Square Lodging House has been non-existent. In fact, the last time anyone was able to purchase a unit here was back in 1978 when the East Village was the only place where the likes of Iggy Pop, Allen Ginsberg and Jeff Koons could afford to find space and inspiration to create the art we now hold so dear. This is truly a once-in-a-lifetime chance to own a piece of Manhattan history. AND, now there are two. Located within the grand building at 295 East 8th Street, Apartment 2-3E covers the back south, east, and north sides of the second and third floors, guaranteeing abundant natural light all day long. The original charm of the building can be uncovered by delicately removing the existing sheetrock to reveal stunning Monk bond brickwork. And, just imagine the thrill of discovering century-old wooden ceiling joists and beams running 10 feet above across the ceilings. Currently, the layout of the apartment is timeless yet understated. With some creative vision or under the guidance of one of New York's most esteemed architects and designers, this unique "townhouse-y" space could be transformed into something truly extraordinary. The lower level boasts a generously sized living area facing south with a wood-burning fireplace and a charming Juliet balcony enclosed by its original wrought iron railing. From here, you can take in views of St. Brigid's Church and Tompkins Square Park - both steeped in rich history. The kitchen overlooks lush planted gardens and the elegant Christodora House on East 9th Street. Moving up to the upper level of this duplex, you will find three comfortable bedrooms adorned with exposed brick walls, two more wood-burning fireplaces, arched windows, and original strip oak hardwood floors. There are two options for a primary suite, and the smallest of the three rooms has a charming playfulness to it that invokes a sense of childhood nostalgia, encouraging the imagination to smile. Virtual staging images and an alternate floorplan offer just a glimpse of the endless possibilities that this incredible property holds - one of those quintessential East Village gems that beckons, "What secrets lie within these walls?" Don't miss your chance to uncover those secrets and make this your home. [This is not an offer to sell or a solicitation to buy where prohibited by law. Your eligibility to purchase may depend upon your state of residency. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. All measurements and square footage are approximate. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Compass is a real estate broker licensed by the State of New York and abides by Equal Housing Opportunity laws. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. The complete offering terms are in an Offering Plan, File No. CD-180377]
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,040,000 | $3,040,000 | $3,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $254 | $254 | $254 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,741 | $18,966 | $25,859 |
Total Monthly Payment | $18,120 | $19,345 | $26,238 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.