Incredible Value. Looking for a unique and luxurious TRUE floor-through loft in the heart of Soho? Look no further than the opportunity to purchase this loft (currently configured as 2 units) in Soho’s largest residential pre-war co-op. This building has an impressive block-through-to-Mercer Street footprint. With its unique design, each address, including 513, 515, and 519 Broadway, as well as 84 and 94 Mercer St. , has its own private entrance, foyer, staircase, and key lock elevator. Upon entering, you’ll be greeted by soaring 14 foot ceilings, hardwood flooring, amazing exposures with 3000+ sqft The main level of the unit features an open concept layout, perfect for entertaining. The spacious living room boasts oversized windows flooding the space with natural light, 2 washer/dryer’s, an abundance of closets, and 2 loft spaces. What truly makes this opportunity stand out is the potential to combine the two units into one expansive living space. Nestled within the enchanting Soho Cast-Iron Historic District, 84 Mercer stands as one of the five charming residential structures under the esteemed 515 Broadway Corp. It boasts a mesmerizing Queen Anne facade, an artful blend of brick, terracotta, and cast iron. Erected in 1884 on the hallowed grounds once occupied by the famed St. Nicholas Hotel, this building underwent a transformation into a residential cooperative in 1978 and is a notable Soho historic residential landmark. This pet-friendly coop offers residents the convenience of secure key-locked elevator access and the privilege of subletting. Positioned in the heart of Soho, between Spring and Broome Streets, residing at the epicenter of downtown chic, 84 Mercer is surrounded by an array of the city’s finest dining establishments, vibrant nightlife, and unparalleled shopping experiences, making it a true crown jewel of downtown living. 2% flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,793 | $15,144 | $20,219 |
Total Monthly Payment | $13,918 | $15,269 | $20,344 |
* 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.