Full-floor three bedroom/two bathroom condo loft in prime Tribeca!
Located on one of Tribeca's most sought-after blocks, the keyed elevator opens directly into this charming loft. Upon entry, you will be taken aback by all of the charming loft details of the home: original beamed ceiling, exposed brick walls, recently re-done oak flooring, gas fireplace, large windows looking onto copper-adorned historic buildings buildings, and much more.
The front bedroom features a unique lofted area perfect for home office, play area, guest sleeping room, additional storage, etc. In addition to great natural reflective light, the living room has recessed lighting.
The chef's kitchen features full-sized stainless steel appliances, bar seating for two, a plethora of storage, and plenty of room for a large dining table.
The home also features a large amount of storage, one of the closets adjacent to the kitchen containing a Bosch washer/dryer.
Both the primary and secondary bedrooms benefit from extraordinary ceiling heights and exposed brick walls lending a Downtown charm to the generously-sized spaces. The primary bathroom is enormous with a double-wide vanity, large bathtub, separate standup shower, and statuary marble throughout. The secondary bathroom benefits from the same custom fixtures and statuary marble.
See alternate floorplan showing the loft set up as a two bedroom with an even larger living area (this would be a fast and inexpensive alteration).
109 Reade Street is a boutique condominium that was built in the late 19th century and originally occupied by HL Mulford & Co. It is surrounded by other equally gorgeous historic loft buildings. It's also a stone's throw from some of the best dining in the Western Hemisphere and surrounded by subway access: namely the 1, 2, 3, A, C, E, 4, 5, 6, J, and Z trains. It's also to note that the building's lobby is currently under renovation and that the condo has a virtual doorman system.
Please note there is an ongoing assessment of $300 per month.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $1,880,000 | $1,880,000 | $1,880,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,674 | $11,729 | $15,738 |
Total Monthly Payment | $10,799 | $11,854 | $15,863 |
* 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.