ONCE IN A LIFETIME OPPORTUNITY Being sold as a vacant development site, 11 Hubert Street is an exceptionally rare offering for an end user to build a single family mansion in an A+ location in the heart of TriBeCa. With not one, but two existing sets of Landmarks Commission-approved plans and renderings, here you can build the private, modern home of your dreams in The Tribeca West Historic District. Located on the Southwest corner of Hubert and Collister, 11 Hubert Street has remarkable street frontage, an existing curb cut, impressive outdoor space, and the potential to create an exceptional 20, 000+ square foot modern residence. Existing plans by the esteemed E. Cobb Architects from Seattle, WA and famed architects, Maya Lin Studios, out of NYC have both been approved by The NYC Landmarks Preservation Commission. E. COBB ARCHITECTS E. Cobb Architects have conceived of the ultimate ultra-modern, super-sleek urban mansion with elevator access throughout. Highlights of the design include, but are not limited to, a full floor primary suite with adjacent workspace, 1. 5 baths, wet bar, and coffee station with lofted sleeping quarters that function as a viewing platform; a 50’ long , double height living room with courtyard access; an oversized chef’s kitchen with separate pizza oven and a formal dining room with adjacent bar/lounge. Proposed amenities include an NBA-sized half basketball court with retractable seating and a massive 17' x 40' LED wall, a commercial grade gym with C1 Recovery crytotherepy chamber, 4+ car garage and gallery. MAYA LIN STUDIOS: 11 Hubert by Maya Lin Studios is comprised of a 20, 000 interior square foot, seven bedroom residence with an additional 5, 000 square feet of outdoor space designed by Thomas Balsley. A high-speed commercial-grade elevator serves all five levels along with the roof terrace and the home includes a private, double wide, double deep, double-height car garage. Highlights of the design include the nearly 3, 000 square foot, full-floor primary suite (complete with his and her closet/bathroom suites and a duplex closet with an internal stair-case), separate his and hers studies, a breakfast room, and a fantastic double-height 50 foot long living room. Planned amenities include a half-olympic swimming pool; a half-basketball court; a retractable squash court; a stadium seating movie theatre; a spa with a hot tub, cold plunge, sauna and steam room; a full gym, a pet room, a wine cellar, a catering and prep kitchen, a security office and house managers suite. Additional information can be found at www. elevenhubert. com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $15,996,000 | $15,996,000 | $15,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $8,849 | $8,849 | $8,849 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $90,824 | $98,490 | $132,832 |
Total Monthly Payment | $99,798 | $107,464 | $141,806 |
* 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.