The penthouse at 351 West Broadway has been under the same ownership for over 40 years. Now back on the market and newly priced at $4, 995, 000, this light-flooded, full-floor penthouse loft boasts dramatic proportions, with nearly 2, 700 square feet of living space, 13+' ceilings, low monthlies, five skylights, and an 800+ sqft private rooftop.
Currently configured as a 3 Bedroom, 1. 5 bath condominium, easily-accessible plumbing and space are available to add additional bathrooms. The unit also comes complete with a vented laundry room, sauna, and jacuzzi in the primary bathroom. This dramatic sunlit residence is one of the rare remaining authentic Soho lofts.
Timber ceiling-beams, columns, and brick walls remain behind the sheetrock for a future owner to reveal, should they wish to resurrect some of the property's original industrial character.
This is a rare opportunity to purchase a generously-scaled, prewar condominium penthouse in Soho, and renovate to suit for the next generation. See second floor plan for proposed 3Br/3Ba configuration.
Preferential seller-offered financing offered. Inquire within.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,995,000
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 | $3,996,000 | $3,996,000 | $3,996,000 |
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 | $23,638 | $25,257 | $34,263 |
Total Monthly Payment | $23,763 | $25,382 | $34,388 |
* 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.