Total Est. Monthly Carrying Cost:
$12,643 ($6.83/ft2)
Note: the above is based on a down payment of 20% ($420,000),
which is the minimum amount permitted by the building.
Description
In the heart of New York City’s Flatiron District, there’s a captivating opportunity awaiting those with a taste for history and a vision for the future. Welcome to Unit 4A at 889 Broadway, a loft that has not been offered to the market in over four decades. Nestled within a truly distinctive pre-war building, this property’s story is as rich as its potential.
The building itself is a gem from 1883, originally the esteemed Gorham Silver Company headquarters.
Its striking Queen Anne-style architecture, characterized by red brick, cast iron detailing, and a Dutch Mansard roof, speaks volumes about the city’s bygone era. With this property, you’re not just buying a home; you’re becoming a part of New York’s history.
Unit 4A, situated on the fourth floor, is a corner loft space waiting to be transformed into your dream home. It’s spacious and open, with 13 oversized architecturally correct replacement windows that flood the space with natural light, and ceilings towering at 11 feet.
Imagine the possibilities - it was once a dance studio, but it’s your canvas now. You could create a stylish 2 or 3-bedroom residence with 2 to 3 baths, letting your imagination run wild, whether you lean towards rustic charm or sleek, modern design.
While this building doesn’t offer doorman or concierge services, it compensates with its prime location, right in the heart of the Ladies Mile Historic District, just two blocks north of Union Square. This means you have quick and easy access to the best transportation, shopping, and dining the city has to offer.
And here’s the icing on the cake: the monthly maintenance charges are incredibly low, at only $1,500, which includes real estate taxes. This is an opportunity you don’t want to miss.
The Gorham Manufacturing building itself is a testament to time and change. Originally laid out with commercial spaces on the lower floors and apartments above, it found its place in history when the Gorham Manufacturing Company moved in.
Later, it underwent a transformation, becoming residential cooperative apartments in 1977.
Today, it’s a landmark with official landmark status since 1984, standing proudly as an iconic symbol of the Flatiron District’s architectural and cultural heritage, offering sought-after cooperative lofts. This property is not just a piece of real estate; it’s a piece of history and a blank canvas for you to craft your dream home.
So, if you’re eager to embark on a transformative journey, reach out today to schedule your viewing and turn this diamond in the rough into your sparkling jewel in the heart of Flatiron, New York City.
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