Step into a piece of art history at 50 Pine Street, Apartment 10—a full-floor loft condominium nestled on a tranquil street in Manhattan’s historic Financial District. This expansive 3, 000+ square foot residence was once the creative haven of renowned conceptual artist Joseph Kosuth, offering a unique blend of authenticity and functionality. Joseph Kosuth, a pivotal figure in the Conceptual Art movement, is celebrated for his innovative works that explore the relationship between language and art. His seminal piece, “One and Three Chairs” (1965), exemplifies his approach by presenting an object, its photograph, and its dictionary definition, challenging traditional perceptions of art. Owning this loft means immersing yourself in a space that once inspired groundbreaking artistic thought. The residence features hardwood floors, soaring 10’ 4” ceilings, and glass-walled interior rooms that evoke the classic charm of New York City’s artists’ lofts. With exposures in all four directions, natural light floods the space, creating an inviting atmosphere ideal for both creativity and comfort. Currently configured as a three-bedroom, one-bathroom layout with a kitchen, great room, and den, the loft is set up for live/work use, honoring its artistic heritage while providing modern conveniences. Additionally, plumbing is in place for a potential second bathroom, offering further customization options. This distinctive residence invites you to craft a stunning home within a space steeped in artistic legacy. Showings are by advanced appointment only. Don’t miss the chance to own a piece of New York’s rich cultural history while enjoying contemporary living in the heart of the Financial District. Please note an assessment of $1, 250 per month is in place through August 2025.
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Our Executive Mortgage Banker:
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$1,999,999
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 | $1,599,999 | $1,599,999 | $1,599,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $4,203 | $4,203 | $4,203 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,085 | $9,982 | $13,394 |
Total Monthly Payment | $13,413 | $14,310 | $17,722 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.