For almost five decades, the opportunity to own a space within Calvert Vaux and George Kent Bradford's iconic Tompkins Square Lodging House has been non-existent. In fact, the last time anyone was able to purchase a unit here was back in 1978 when the East Village was the only place the likes of Iggy Pop, Allen Ginsberg and Jeff Koons could afford to find space and inspiration to create the art we now hold so dear. This is truly a once-in-a-lifetime chance to own a piece of Manhattan history. AND, now there are two. Perched within the grand building at 295 East 8th Street awaits Apartment 3W - a breathtaking space with towering 12 foot ceilings, natural light from four exposures and a cozy wood burning brick fireplace tucked on the far side of this once orphanage’s bunk room. Enormous windows on the south and west sides offer direct views of the always charming St. Brigid’s Church and into the lush greenery of Tompkins Square Park’s groves of trees. Let your imagination run wild as you collaborate with your architects and interior designers to create a home that will surely grace the pages of top design rags like Architectural Digest, Interior Design, Elle Decor or Wallpaper. While the current layout was lovingly put together on a tight budget over 40 years ago, it is ripe for reimagination. Consider transforming this vast space into an artist's dream loft or a multi-bedroom haven that will stand the test of time. But please, Dear Buyer, use the majesty of the awe-inspiring patinaed cast-iron Corinthian columns, the original oak window framing, and the magnificent corner library as inspiration to create a home that will give you stories and memories for generations to come. While our virtually rendered images and an alternate floorplan showcase a glimpse into one possibility for this incredible property, it beckons YOU to explore your wants and create your dream home. Don't miss this chance to unlock the future and create your space in one of East Village's most coveted gems. This is not an offer to sell or a solicitation to buy where prohibited by law. Your eligibility to purchase may depend upon your state of residency. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. All measurements and square footage are approximate. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Compass is a real estate broker licensed by the State of New York and abides by Equal Housing Opportunity laws. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. The complete offering terms are in an Offering Plan, File No. CD-180377]
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $282 | $282 | $282 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,009 | $22,459 | $30,623 |
Total Monthly Payment | $21,416 | $22,866 | $31,030 |
* 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.