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508 Broadway is a mixed use property, it is a rare opportunity to acquire all four of the above loft condominium floors of this building, This distinguished prewar loft building boasts only four exclusive loft units, delivering unmatched privacy and discretion. The property is located in Soho's coveted Historic Cast Iron District in a prized location between Spring and Broome. 508 Broadway is a boutique property offering authenticity and charm, along with notably low monthly expenses. The units are currently rented out with stellar income and can be delivered vacant or can be delivered with strong rental revenue. Each floor is approximately 2050 sq ft for a total of approximately 8200 sq ft with additional unused F. A. R
Enhancing the allure are soaring ceilings, the approximately 12' left ceiling height adds stunning cubic dimension to these already breathtaking lofts defining the quintessential essence of Soho lofts. Features include rich wood floors, chic industrial elements, a fabulous skylight facing the heavens above, and oversized windows on double exposures (East and West) inviting in generous natural light, Walk in closets, Washer/dryer in each unit, private roof area.
Descendants of such art world luminaries as Twombly, Schnabel and Guggenheim have all resided at this property. 508 Broadway puts you in the middle of everything SoHo has to offer. Convenient proximity to renowned dining and premier shopping destinations. Moments away from Bloomingdales and Zara as well as great shops and boutiques. Balthazar is right around the corner, nearby is Fanelli's - a SoHo institution, and savor the fine fare of so many other nearby eateries. Around the bend is the MOMA store, plus the building is surrounded by places to go for entertainment and close to multiple subway lines.
This is a rare opportunity to own a piece of SoHo history, redefined for today's discerning buyer.
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.
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Our Executive Mortgage Banker:
$12,995,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $10,396,000 | $10,396,000 | $10,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $59,027 | $64,010 | $87,727 |
| Total Monthly Payment | $59,152 | $64,135 | $87,852 |
* 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.