We are pleased to announce that the private floor of Loft 5-E, built Circa 1900, a Landmark Flatiron building, is BACK ON THE MARKET! LOFT LOVERS, if you love history, this iconic loft with approximately 2800SF/$1000pSF, embodies the ageless character of the original Circa 1900 era. Perched on a high floor, loft #5E located at 22 East 18th Street, is a bright, flexible, gracious space and ready for you to imprint your own legacy. The elevator opens into a wide expansive space with a generous open full floor-through with extraordinary light and privacy. During the last 50 years, only two artistic residents have occupied this space with 'TLC'. While you do not have to be an artisan today, this pristine loft has been lovingly restored. The elevator opens into the loft, exposing the soaring 12-foot+ ceilings with the original ornate tin ceilings anchored by five majestic, silvered cast iron Corinthian columns and the original light maple wood floors. Both North and South exposures are flanked by 40-foot walls of windows, a total of 10 massive windows. The space is reminiscent of an 'art gallery' and at the same time warm and inviting, dripping in old & new New York history. This historic loft had been originally recreated from a high-end haberdashery manufacturing space in the early 1900s and transitioned into two large bedrooms and two bathrooms (more, if you like). Currently, there is an open kitchen with an island counter, washer & dryer, laundry area, an alcove windowed home office/exercise or 3rd bedroom, lots of hidden storage, and the grand open living room and dining. Well over 50 years ago, the converted Primary Bedroom with a large Bathroom suite had been elevated on a 4-foot raised platform. Why? Many artists at the time had their paintings, etc. , stored under such created floor space. Good news! It was removed by the current owner. The removed platform in the Primary Bedroom is now conveniently on one level. Such Bathroom plumbing is also up-to-code and ready for the new owner's advantage to enhance and design. A Central Air Conditioning system may be installed. Here is an opportunity to truly create your very own vision. Bring your imagination along with your favorite Architect, Contractor, and/or Designer.
The Cooperative is known as 18 East 18th Street Tenants Corp with two separate lobbies: #22 (to the East) & #18 (to the West) on 18th Street. There are 6 floors with 10 lofts. Both have their own lobby entrance with a video security system, plus a keyed elevator. The Cooperative has already made improvements and is completing the outside restoration in the Spring, including a future common roof garden.
Prospective Buyers are required to submit a preliminary REBNY Financial Statement to the Board before the Sales Application. This is indeed a time-saver. The Seller is responsible for the flip tax. Pets are allowed, including dogs up-to-100 lbs.
This C. 1900 Flatiron cooperative is located in a well-known, historical district surrounded by hidden gems, such as Madison Square Park C. 1847, Union Square Park C. 1839, Rizzoli's Bookstore located at The Saint James C. 1836, Eataly located at 200 Fifth Avenue C. 1839, Theodore Roosevelt's Birthplace townhouse at 28 East 20th Street C. 1858, and the iconic Flatiron Building C. 1902. The area is popular for shopping and design. Don't forget the wonderful open Union Square Farmers Market, Whole Foods, Trader Joe's, Madison Square Park, too many fabulous restaurants and nightlife to mention here, plus convenient transportation of subways #5, #4, #6, N, R, and more. Become part of New York history with this amazing, flexible loft #5-E on a private floor. https: //www. youtube. com/watch?vKXQIhPdmFIQ&t5s
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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 | $2,240,000 | $2,240,000 | $2,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,072 | $14,158 | $18,902 |
Total Monthly Payment | $13,197 | $14,283 | $19,027 |
* 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.