Total Est. Monthly Carrying Cost:
$7,722 ($5.46/ft2)
Note: the above is based on a down payment of 20% ($230,000),
which is the minimum amount permitted by the building.
Description
This sun-drenched Duplex Loft at the Magnolia Mansion Lofts offers 14 ft. high ceilings, south facing oversized windows, washer/dryer in unit, hardwood floors and over 1,400 square feet of functional living space.
The foyer offers a generous size room suitable for library or home office placement (8’ X 10’). The first floor features a grand living room (22’ X 28’) and 4 large south facing windows. The open social kitchen (11’ X 13’) including a large island, looks onto an expansive living and dining area ideal for entertaining.
The guest bedroom is situated on the first floor as well as the second full bathroom. The second-floor features 2 generous size sleeping areas, a deep closet with a dressing area, bathroom and a washer/dryer for in home laundry convenience.
The Magnolia Mansion Lofts offer shared courtyard garden, rooftop access, video intercoms, elevator and a full-time super.
The courtyard garden spans the length of the building and is a quiet oasis featuring tables and barbecue grills. The building is located within walking distance of the subway and major transportation, Museum Mile, and restaurants.
Magnolia Mansion Lofts were originally built as a school and converted to a condominium in 1987.
This beautiful pre-war building maintains many of the original features, including a grand entry and original columns. Strong financials, low maintenance, and future developments to come make this the perfect home and neighborhood an excellent value when compared to neighboring condos that trade for much higher.
Note: There is a tenant in place paying $4900 per month with a 60 day exit clause.
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