238 MULBERRY STREET, LOT SIZE: 25' x 100', located between Prince & Spring Streets. A 5 story, 4 unit, mixed-use loft building currently set up with ground floor retail & 3 residential loft apartments; 2 full-floor & 1 penthouse duplex. The building has 7300 SF of interior space and 1279 SF of outdoor space. The possibilities are endless with the flexibility of this 25' x 100' lot to create any configuration to suit your needs. Reconfigure to a multi-floor or a single family residence from these 4 units. There is even a curb cut to potentially create a garage one day. All apartments face east to west, are in mint condition, boast 11'-14' ceilings, each with private outdoor space, separately metered electric / gas, oversized windows, washers/dryers, central AC and storage closet off lobby entrance. Ground Floor: 2200 SF with dramatic 14' ceilings, an amazing 12' tall x 20' wide glass frontage, 2 bathrooms (one with a shower), 2 changing rooms, built-in storage and a private loft office in the rear of the space. The retail lease expires 9/ 2028.
2nd Floor: 1800 SF. , floor-through 2 bed, 2 bath with a 25' x 23' 529 SF private terrace. Floor to ceiling wall of glass opening to terrace, 12' tin ceilings, skylights, bamboo wood floors, industrial chefs kitchen, stainless steel counters, granite island and sliding pocket doors to separate rooms. The current tenant's lease expires 06/ 2024.
3rd Floor: 1300 SF. , floor-through 2 bed, 2 bath and 25' x 14' 350 SF private terrace. A great room with 11' Ceilings, kitchen and granite island open to dining/living rooms and central bathroom facing west. Both bedrooms face east opening to terrace with ensuite white marble spa-like bath and custom built-in cabinetry throughout. The current tenant's lease expires 05/ 2024.
4th & 5th Floors: 2000 SF, Duplex Penthouse; 2 bed, 2 bath with roof terrace 25' x 16' 400 SF. First level great room with kitchen, living and dining facing west, central bathroom and bedroom plus den/office facing east. Second level ascending custom circular staircase, to a bedroom suite, facing east and west with a wall of custom walnut cabinets, marble bath, double vanity, rain shower and huge skylight. The current tenant's lease expires 09/ 2024.
238 Mulberry St. sits at the center of the Nolita neighborhood known for its trendy shops, boutiques and eateries: Parm, Rubirosa, Ruby's Cafe and 240 Mulberry Bar, among others, a creative block atmosphere that is always buzzing with activity. Neighborhoods close by: Soho, Noho, Greenwich Village and the Lower East Side. Close transportation: 6, R, W, F, D, B, V, J, M, Z subways.
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$9,999,000
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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 | $7,999,200 | $7,999,200 | $7,999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,419 | $49,252 | $66,426 |
Total Monthly Payment | $45,544 | $49,377 | $66,551 |
* 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.