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Approximately 3, 000 square feet of unparalleled potential in the heart of Soho, available for under $1, 000 per square foot. This is a rare opportunity to purchase a true floor-through loft (currently configured as two separate units) in one of Soho’s largest and most iconic pre-war cooperatives. With its impressive block-long footprint from Broadway to Mercer Street, the building offers a distinct combination of privacy and grandeur. Each address—513, 515, 519 Broadway, and 84 and 94 Mercer Street—features its own private entrance, foyer, staircase, and key-locked elevator. Upon entry, you’re welcomed by soaring 14-foot ceilings, hardwood flooring, and exceptional light pouring through oversized windows. The space boasts approximately 3, 000 square feet, including an open-concept layout perfect for entertaining, two washer/dryers, an abundance of closet space, and two lofted areas. What makes this property truly special is the unique opportunity! Renovated floor-throughs in the coop have proven to have enormous upside potential. Customize and modernize the space to your vision, and you’ll enjoy not just a luxurious residence but also a sound investment in one of Manhattan’s most desirable neighborhoods. Located in the historic Soho Cast-Iron District, 84 Mercer is one of five residential buildings within the renowned 515 Broadway cooperative. This Queen Anne-style gem, built in 1884 on the site of the legendary St. Nicholas Hotel, showcases an extraordinary blend of brick, terracotta, and cast iron. Converted into a residential cooperative in 1978, it is a standout example of Soho’s architectural and cultural history. This pet-friendly coop offers secure key-locked elevator access and allows subletting for added flexibility. Situated between Spring and Broome Streets, 84 Mercer places you at the epicenter of downtown sophistication. World-class dining, vibrant nightlife, and unbeatable shopping surround this prestigious address, solidifying its status as a crown jewel of Soho living. Additional Details: •2% flip tax paid by buyer •Unique opportunity to create a one-of-a-kind residence * Owners added 3 Phase 200 Amps when they purchased Don’t miss your chance to own a piece of New York City’s History.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $2,076,000 | $2,076,000 | $2,076,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,951 | $13,293 | $17,659 |
Total Monthly Payment | $12,076 | $13,418 | $17,784 |
* 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.