Absolutely thrilled to announce that the private floor of Loft 5-E in the Circa 1900 Landmark Flatiron building is back on the market. LOFT LOVERS, if you love history, you'll fall in love here. This iconic loft with approximately 2800SF/$1000pSF and embodies the ageless character of the original Circa 1900 era. Perched on a high floor, loft #5E is bright, flexible, gracious and ready for you to imprint your own legacy. Step into the Circa 1900 landmark Flatiron building located on 18th Street between Broadway & Fifth Avenue. There are TWO entrances. Take the keyed-elevator to enter your private floor, Loft 5-E located at 22 East 18th Street. The elevator opens into a wide expansive space with a generous open full floor-through with extraordinary light and privacy. During the last 50 years, only two artistic residents have occupied this space with 'TLC'. The pristine 'white box' has been lovingly restored. The elevator opens into the loft exposing the soaring 12-foot+ original tin ceilings anchored by five majestic, silvered cast iron Corinthian columns and the original light maple wood floors. Both North and South are flanked by 40-foot walls of windows. The space is reminiscent of an 'art gallery' and at the same time warm and inviting, dripping in old & new New York history. The pristine 5E loft had been originally re-created from a high-end haberdashery manufacturing space in the early 1900s into two+ large bedrooms and two bathrooms (more, if you like), an open kitchen with an island counter, washer & dryer laundry area, a windowed home-office/exercise or 3rd bedroom alcove, lots of hidden storage, and the grand open living room and dining. Well over 50 years ago, the converted Primary Bedroom with a large Bathroom suite had been elevated on a 4-foot raised platform. Why? Many artisan at the time had their paintings, etc. stored under such created floors space. Good news! It was removed for the current owner's intended new renovations. The removed platform is now conveniently on one level. Such bathroom plumbing is also up-to-code and ready for the new owner's advantage to enhance and design. A Central Air Conditioning system may be installed. Here is an opportunity to truly create your very own vision. Bring your imagination along with your favorite Architect, Contractor, and/or Designer.
The Cooperative is known as 18 East 18th Street Tenants Corp with two separate lobbies: #22 & #18 on East 18th Street. Each lobby entrance has a video security system, plus a keyed elevator. The Cooperative has already made improvements and is completing the outside restoration, including a future common roof garden. Prospective Buyers are required to submit a preliminary REBNY Financial Statement to the Board before the Sales Application. This is indeed a time-saver. The Seller responsible for flip tax. Pets are allowed, including dogs up-to-100lbs.
This C. 1900 Flatiron landmark cooperative is located in a well-known, historical district surrounded by hidden gems, such as Madison Square Park C. 1847, Union Square Park C. 1839, Rizzoli's Bookstore located at The Saint James C. 1836, Eataly located at 200 Fifth Avenue C. 1839, Theodore Roosevelt's Birthplace townhouse at 28 East 20th Street C. 1858, and the iconic Flatiron Building C. 1902. The area is popular for shopping and design. Don't forget the wonderful open Union Square Farmers Market, Whole Foods, Trader Joe's, too many fabulous restaurants and nightlife to mention here, plus convenient transportation of subways #5, #4, #6, N, R, and more. Become part of New York history with this amazing, flexible loft #5-E on a private floor. LOVE WHERE YOU LIVE.
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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 | $2,240,000 | $2,240,000 | $2,240,000 |
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 | $12,718 | $13,975 | $18,751 |
Total Monthly Payment | $12,843 | $14,100 | $18,876 |
* 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.