Located on one of the best Tribeca blocks, this massive approximately 5, 228 square foot residence has been flawlessly renovated to combine the highest quality finishes, with the exceptional charm that only a pre-war downtown loft can deliver. No detail was overlooked in the complete renovation of this magnificent home, which boasts an expansive private terrace, multiple grand living, dining, and entertaining spaces, an eat-in chef's kitchen, home office, private gym/yoga studio, and a laundry room with 2 sets of washer/dryers. A unique live/work allowance is perfect for modern lifestyles. Outstanding loft features include soaring ceilings reaching approximately 12. 5 feet high, stunning exposed brick with elegant archways, hardwood flooring, custom-designed copper spandrels, and grand windows, including two full walls of windows on the Upper Level, with doors leading to the large private terrace. Intelligent appointments include Mitsubishi HVAC units, and radiant heated floors in two of the full bathrooms. The first of two entrances leads to a gracious foyer, which affords two large closets appointed with gorgeous antique mahogany pocket doors. Ideal for luxurious living and impressive entertaining, the massive open living space boasts stunning archways, outstanding proportions, exposed brick, soaring 12. 5-foot ceilings, and a beautiful reclaimed fireplace mantel. The eat-in chef's kitchen boasts top-of-the-line stainless steel appliances, including a 60" professional Wolf stove, double convection ovens, infrared griddle and grill, 36" refrigerator, under-cabinet wine cooler, Bosch dishwasher, and a built-in microwave. A massive center island provides ample space for dining and prep-work, and abundant storage is afforded throughout the cabinetry, custom shelving, and two huge pantry closets. The marvelous kitchen affords additional dining space adjacent to the huge private terrace, perfect for both indoor and outdoor entertaining. The sumptuous primary suite is comprised of a magnificent bedroom, tremendous dressing room lined with custom-built storage, and a luxurious en suite primary bathroom. The rear-facing primary bedroom boasts 12-foot ceilings, outstanding proportions, and access to the serene private terrace. The enormous dressing room leads into the luxurious primary bath, with radiant heated floors, a soaking tub, enormous free-standing shower with 3 rainfall heads, and dual sinks. The cheerful South-facing bedroom on this level features beautiful archways, a sizable closet, and its own en suite bathroom with radiant heated floors. An elegant powder room, additional full bath, and a storage room with access to the homes second entrance complete this level. With approximately 3, 287 square feet, the Upper Level affords ample space for a 4-bedroom configuration. The sprawling Lower Level of the home affords approximately 1, 941 square feet of fantastic additional space, with windows and multiple grand rooms to suit any particular buyer's needs. The spacious laundry room on this level features two washers and dryers, plus a utility sink. 108-110 Franklin Street is a boutique loft cooperative with a video intercom system, located in the heart of Tribeca. This Italianate-style loft building was originally constructed in 1861, with a cast-iron base and brownstone facade crowned with a stone cornice. The building is surrounded by some of the best restaurants, galleries, cafes, and shops in Manhattan. Nearby subway lines include the A/C/E/N/Q/R/W/1. All square footage and dimensions are approximate, provided for descriptive purposes. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. The number of bedrooms listed is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.
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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 | $4,796,000 | $4,796,000 | $4,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,141 | $31,107 | $41,778 |
Total Monthly Payment | $29,266 | $31,232 | $41,903 |
* 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.