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As featured in the New York Times: This spacious loft is located in a historic 1905 building originally built for piano component manufacturing and later converted to residential use in 2007. The unit offers approximately 1, 981 square feet and features original maple hardwood floors, exposed Douglas Fir beams and posts, and true loft character throughout. The space reflects its industrial past, with visible markings from former manufacturing use. The kitchen includes bamboo countertops and cabinetry, along with a new stove installed in 2024. There is also potential to incorporate the adjacent former freight elevator space, adding approximately 48 square feet. Washer and dryer installation is permitted, with other units in the building already equipped. The unit also includes a private storage container in the basement measuring approximately 1, 320 cubic feet. The building has been well maintained, with a new roof completed in 2021, recent facade and parapet work, and updated mechanical systems. Additional features include an A97 energy rating, solar panels that help offset electricity costs, upgraded heating controls, and facade waterproofing completed in 2025. Originally converted by an artist, the building has a strong creative community, with artwork displayed in the common areas, resident gatherings. Located in the South Bronx, the property offers convenient access to public transportation, with the subway just two blocks away, as well as nearby restaurants and local amenities.
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Our Executive Mortgage Banker:
$1,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $1,080,000 | $1,080,000 | $1,080,000 |
| 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 | $770 | $770 | $770 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,132 | $6,650 | $9,114 |
| Total Monthly Payment | $7,027 | $7,545 | $10,009 |
* 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.