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Welcome to the Penthouse at 47 Howard Street — a rare opportunity to own the kind of loft that SoHo was built on. Spanning over 3, 000 square feet, this sun-drenched full-floor residence features soaring 20-foot ceilings and an open, airy layout that embodies the quintessential New York artist loft. Move right in or personalize the space and expand upward with exclusive private rooftop rights. Nestled within an intimate, self-managed five-unit cooperative, the building offers a close-knit community feel in the heart of one of New York City's most coveted neighborhoods. A historic copper elevator opens directly into this bright, full-floor loft, where oversized windows with Southern, Eastern, and Northern exposures frame classic downtown New York City views. Wide-plank hardwood floors, exposed brick, and partly exposed beamed ceilings that reach 20 feet create a warm, textured backdrop — while six skylights bathe the space in natural light and offer a rare chance to sleep under the stars. The entertaining-scale dining room draws you toward the other half of the residence, where an expansive open kitchen and additional living and dining space live. The chef's kitchen is appointed with a professional gas range, a Fisher & Paykel refrigerator, and an oversized Calacatta Viola marble island — equally suited for intimate dinners or large-scale hosting. A compelling financial advantage sets this offering apart: shareholders of 47 Howard Street co-own the ground-floor retail space, and the rental income from that space offsets all monthly maintenance costs: common charges and real estate taxes. By October 2027, the owner of Unit 5 will receive approximately $4, 000 per month in income from the retail space, with a 3% annual increase thereafter. Flexible sublet policy. Legally designated as a live-work space, the loft sits ideally between Broadway and Mercer on one of SoHo's most sought-after blocks. Surrounded by world-class dining at Le Coucou and La Mercerie, the beloved Happier Grocer, high-end boutiques, and prominent galleries — and with easy access to the 4/5/6, N/Q/R/W, A/C/E, J/Z, and 1/2 trains — this is SoHo living at its most authentic.
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:
$3,995,000
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 |
|
|---|---|---|---|
| Loan Amount | $3,196,000 | $3,196,000 | $3,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,897 | $19,419 | $26,754 |
| Total Monthly Payment | $18,022 | $19,544 | $26,879 |
* 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.