One of the last of its kind! An original SoHo loft, ready for your custom renovation! This is an extremely rare opportunity for a discerning buyer to design and create the mega loft of their dreams!
A key-locked elevator opens to a semi-private landing giving you entry into this enormous 4, 500SF SoHo loft space. The impact of such impressive dimensions is immediately felt as you open the door . With royally grand proportions offered by a 40ft width, 125ft depth and 12ft ceiling height, an entertaining/living space of 40ft by 40, 50, or even 70ft would create a truly colossal Great Room. A colonnade of 10 yellow pine, detailed wood columns runs the length of the loft adding to the dramatic feel of this space. Massive windows (4. 9ft x9. 5ft), that you can only find in the lofts of this era, bring in brilliant morning and afternoon light.
This loft could also be completely usable as it is for a stripped down, more utilitarian purpose. It is a fantastic creative space for an artist's studio or provide incredible wall space for the display of a large format art collection. In place now are two bathrooms, at opposite ends of the loft, a large windowed bedroom and three interior rooms all in a row, PLUS a fully vented stainless steel kitchen. Maple hardwood floors laid on a diagonal are in excellent condition. Use it as it is while you make plans for what will come.
Built in 1884, 513-519 Broadway/84-94 Mercer Street is a gargantuan six-story, block-through loft building, and may be SoHo's largest residential building in total square footage. Designed by architect Samuel Warner in the Queen Anne style, and comprised of a delightful mix of brick, cast iron and vibrant polychromatic terra-cotta accents. Today this well-run, pet-friendly co-op enjoys flexible subletting privileges, live/work occupancy, an on-site superintendent and updated video intercom. Foreign buyers and trusts are accepted on a case-by-case basis.
Commanding this central SoHo block of Broadway between Spring and Broome, this building proudly stands as a testament to the neighborhood's rich heritage and vibrant energy. Here you'll find yourself at the heart of it all. Don't miss this opportunity to claim your piece of SoHo's illustrious landscape.
Some photos have been virtually staged.
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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 | $3,360,000 | $3,360,000 | $3,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,815 | $20,688 | $27,902 |
Total Monthly Payment | $18,940 | $20,813 | $28,027 |
* 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.