The Luxury of Prewar Elegance - The Joy of a Prime Soho Location.
Rising above the crossroads of Soho and Nolita, 225 Lafayette Street is a highly regarded prewar condominium designed by the legendary Cass Gilbert. Residence 5B is a 2 bedroom, 2 bathroom currently configured as a one bedroom. The flexible layout provides for a grand living space that can easily be separated by sliding doors or a wall. Open views of Soho in a prime location provide an exceptional opportunity in this highly sought after location. Enter the apartment into a foyer overlooking the great room and a large walk in closet to your right serves as a guest closet or pantry.
Marrying prewar elegance with downtown chic, the open living floorplan and articulated beamed ceilings create a classic loft aesthetic. The four West-facing tilt and turn picture windows open the living/dining room and allow natural light to permeate throughout the residence with skyline views. The u-shaped kitchen by Poliform features clean lines and white lacquer cabinetry blending seamlessly into granite countertops. The top-of-the-line appliance package includes a Bosch cooktop with vented Miele hood, Bosch convection oven, Sub-Zero refrigerator and Miele dishwasher. There is an abundance of storage in addition to the pantry.
Offset and private from the rest of the home, the oversized luxurious primary suite overlooks Soho and boasts great sunset views. A massive walk in closet is lined with built-ins adding maximized and convenient storage. A second double closet provides even more storage. The ensuite bathroom is a spa-like retreat featuring marble tile, elongated double vanity, separate stall shower next to a deep soaking tub by Kohler. On the other side of the apartment, the second bedroom can easily fit a king-sized bed and also has an ensuite bathroom with matching finishes.
This ideal layout maintains a balanced flow throughout with flexible options. There is also added storage in the washer and dryer closet.
The Spring Condominium is a notable example of Beaux-Art architecture and former home to the Italian Savings Bank. Cass Gilbert, the distinguished architect whose portfolio includes the Woolworth Building and the New York Life Insurance Building, designed this 12 story building in 1923. Converted to a 41 unit condominium in 2005, amenities include a full-time doorman, full-time superintendent, and landscaped common roof deck with stunning open views. Steps to transportation and incredible restaurants, such as Balthazar, Saint Ambroeus, and Jack's Wife Freda. Neighborhood convenience includes the Equinox two blocks away and the countless shopping options across Soho, Nolita and Noho.
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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 | $1,919,999 | $1,919,999 | $1,919,999 |
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 | $10,902 | $11,978 | $16,073 |
Total Monthly Payment | $11,027 | $12,103 | $16,198 |
* 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.