ZERO MAINTENANCE PLUS INCOME FROM RETAIL SPACES! Showing by appointment. Contact the exclusive agent at Nest Seekers to schedule a tour! Experience the rare chance to own a private, full-floor loft featuring 2 bedrooms and 2. 5 baths, along with high-yield, income-producing retail spaces in the heart of NoHo. The income-producing retail spaces include a billboard and partial ownership of an additional loft at 325 Lafayette. This newly renovated boutique co-op apartment is approximately 2, 000 square feet and boasts 27 windows with three exposures, offering a south-facing living room. Upon entry, a keyed elevator opens directly into the loft's vestibule. The secondary bedroom includes a renovated en-suite marble bathroom, while the primary bedroom accommodates a king bed and desk, featuring a walk-in closet and en-suite bath overlooking Lafayette Street. The modern kitchen has been renovated with an oversized island and includes a Sub-Zero wine fridge, Wolf oven, range and gas stove, microwave, Miele coffee machine, Bosch dishwasher, and Sub-Zero panel-integrated fridge. The living room enjoys three exposures, primarily facing south. The apartment also includes new plumbing, electrical, and HVAC systems and is pet-friendly. With a flexible sublet policy, this property is perfect for investors. Included with the sale are high-yield, income-producing retail spaces, a billboard, and partial ownership of another loft in the building. With zero maintenance costs, these assets generated $65, 000 in income for 2022 and 2023, with a projected $85, 000 for 2024. This is an ideal opportunity for investors seeking both luxury living and substantial income potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,895,000
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 | $3,916,000 | $3,916,000 | $3,916,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,022 | $23,165 | $32,257 |
Total Monthly Payment | $21,147 | $23,290 | $32,382 |
* 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.