New York (Little Italy), NY, 10013 | $5,995,000

A rarely available combination of pre-war loft and glass modernism, Penthouse A at 136 Baxter Street is a highly private duplex bathed in sunlight on one of downtown’s most exciting, yet under-the-radar, blocks. With a large terrace that runs the entirety of the great room, the upstairs level has an impressive indoor/outdoor flow. The layout allows for a formal dining area, in addition to a proper living room, anchored by the wood-burning fireplace. Downstairs, 10’2" yellow pine ceilings, white-washed masonry walls, original timber beams, oak floors, and three generously sized bedrooms - including a massive principal suite - create a pre-war sanctuary. At almost 2, 600 square feet of interior space, this three-bedroom penthouse can easily convert to a comfortable four-bedroom without losing flow. Available for the first time in over ten years, Penthouse A is a rare opportunity to own one of only two penthouses in the building. Enter on the upper level - there is a separate entrance on the lower level as well - into the great room, which greets you with its wall of east-facing windows and sliding glass doors that look over the 675 square foot terrace. The large kitchen has an eat-in breakfast bar that opens into the space. Two sliding glass doors create easy flow to the terrace, which itself has multiple seating areas and offers eastern and southern city views. A powder room upstairs makes the home perfect for guests and hosting. The stairs to the lower level are unobtrusive in the northern corner of the home. Downstairs you’ll find the private quarters: three bedrooms, two of which have en-suite bathrooms, plus a third full bathroom and a laundry room. The stately timber beams create structure to this space, while the white-washed brick walls hint at its century-old character. The principal bedroom is enormous, and includes two large steel-framed east-facing windows looking out over Baxter Street. It includes two large closets and an en-suite bathroom with a double vanity and separate soaking tub. The second bedroom also faces east and has two closets, in addition to an en-suite bathroom. The final bedroom connects to a full bathroom in the hallway, where there are two more large closets. 136 Baxter Street, known as the Grand Machinery Exchange, is a former horse stable for the Famed Police Building, perched at the nexus of Lower Manhattan. Built in 1915, this 12-unit boutique condominium was reimagined by Gallerist turned developer, Max Protetch, and is currently maintained by a full-time resident manager who accepts packages, a 24-hour virtual doorman and deeded storage. Neighborhood highlights include the 11 Howard Hotel around the corner, as well as dining establishments like La Mercerie, Smile to Go, Sant Ambroeus, Jack’s Wife Freda, and Eataly. Also within close proximity is Walker Street, the centerpiece of a burgeoning downtown gallery scene.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 7
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Lot Size: 49.920000x100.480000
  • Laundry: Building Washer Dryer Install Allowed,Laundry Room
  • Year Built: 1915
  • Common Charge: $2,988 Monthly
  • Approx Sq. Feet: 2,575
  • Est. Taxes: $44,604
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: COMP-166883814714098
  • Days on Market: 54 days
  • Website: https://www.raveis.com
    /prop/COMP-166883814714098/136baxterstreet_newyork_ny?source=qrflyer
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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

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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New York (Little Italy), NY, 10013

$5,995,000

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 $4,796,000 $4,796,000 $4,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment $3,717 $3,717 $3,717
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,856 $29,530 $39,826
Total Monthly Payment $30,698 $33,372 $43,668

* 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.