New York (East Village), NY, 10009 | $4,500,000

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]

Features

  • Town: New York
  • Levels: 5
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 0.000000x0.000000
  • Laundry: In Unit,See Remarks
  • Year Built: 1886
  • Common Charge: $1,207 Monthly
  • Approx Sq. Feet: 2,332
  • Est. Taxes: $3,384
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Gas Cooktop,Gas Oven,Washer
  • MLS#: COMP-156772911309374
  • Days on Market: 86 days
  • Website: https://www.raveis.com
    /prop/COMP-156772911309374/295e8thstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

New York (East Village), NY, 10009

$4,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $3,600,000 $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.