Total Est. Monthly Carrying Cost:
$29,088 ($8.31/ft2)
Note: the above is based on a down payment of 20% ($999,000),
which is the minimum amount permitted by the building.
Description
Located at the highly desirable corner of Spring and Mercer Streets in the heart of SoHo, #2N at 106 Spring Street is a magnificent duplex that offers bones of the highest order and whose main level boasts 14-foot ceilings, thirteen wrap-around custom 10-foot mahogany double-paned windows and beautiful, original cast-iron columns. Currently configured as a well-maintained artistically designed loft, #2N is an updated residence with charm to spare and approximately 2,500 square feet of endless possibilities on the primary floor, along with approximately 800 square feet on the upper level. The spacious, corner living room has five grand, 10-foot high white-washed double pane mahogany windows and original Maple hardwood floors.
Please see the proposed alternative plan to get a sense of what a potential 3BR layout can look like and consult your architect to confirm square footage and to discuss the endless and extraordinary possibilities.
Built in 1896 and overflowing with character, 106 Spring Street is a boutique twenty-unit two building complex with keyed-elevators and video intercom security. The low maintenance cost of only $2,556 is realistically sustainable, as the coop owns one of the two commercial retail spaces which is expected to produce significant income in the near future. A current TEMPORARY assessment is in place of $943.75 a month for capital improvements but when the 4,500 SF retail space is leased , the co-op expects to offset the assessment with the projected income.
The building is in process of updating the Building entry and lobby. Pets are permitted. The board is open to Pied- -terre and subletting. Steam heat, gas service and hot water are included in the maintenance.
The N, R and W trains are approximately two blocks away at Prince Street and the 6 train at Spring is about the same distance away; B/F/D/M subways at Broadway-Lafayette are approximately four blocks away. The most luxurious shopping, fine dining and nightlife sit at your doorstep.
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