16 Crosby Street, #4RN

Fall in love with a loft like no other that combines old architectural detail with the highest level modern upgrades. EXCEPTIONAL $2M / 2 YEAR RENOVATION W/ NO EXPENSE SPARED. VERY LOW MAINTENANCE (includes Cable and internet) & PASSIVE INCOME MANY YEARS (and likely to return once COVID settles) FROM OWNERSHIP IN THREE HIGHLY VALUABLE GROUND FLOOR RETAIL STORES. LOCATED ON ONE OF THE MOST SOUGHT-AFTER BLOCKS IN SOHO. This fully automated expansive loft oasis comes with a 7.5% ownership interest in three highly valuable retail stores that generate rental income to cover most maintenance charges and post covid, will likely go back to providing additional dividends to shareholders that have ranged from $10k - $30k in many years.

In addition, if shareholders decide to sell the stores, it could equate to millions in additional value attached to the shares of this loft. Despite the pandemic, the shareholders successfully secured a new tenant on Broadway for a long-term lease, and is actively managing rents as the building has nominal debt so is able to offer rents below most other buildings. In addition, its storefronts on Crosby Street are among the most beautiful and high-end on the block.

The opportunity is rare with tremendous future upside potential as the NYC retail market evolves and recovers. Combining old-world architectural details with the highest level of modern finishes from Europe and Brooklyn based artisans, top line fixtures, this 2,400 SF THREE BED, THREE BATH LOFT underwent an extensive TWO YEAR RENOVATION preserving authentic features like blackened STEEL COLUMNS and original EXPOSED WOOD BEAMS, creating a balanced marriage of rich pre-war history, highest level contemporary finishes, and modern smart technology. The entire home is controlled with the latest smart technologies including 7 SONOS MUSIC ZONES, THREE-ZONE CENTRAL AC and temperature/humidity control, and a robust security system. The open CHEF’S KITCHEN with a breakfast bar opens seamlessly to the dining area, providing an incredible space to entertain guests.

The kitchen has too many features to note, incredible storage, beautiful finishes, custom Italian glass and wood cabinetry, highest-level stainless steel appliances and fixtures, and even a built-in UV lit herb/flower GARDEN GREENHOUSE system. The master suite offers a pin-drop quiet escape that welcomes natural light through a custom glass door system as well as an artisan crafted massive zinc sliding wall to create an open loft feel or a private enclosed bedroom. A spacious WALK-THRU DRESSING ROOM is lined with huge floor to ceiling fully customized closets offering impressive clothing storage.

The two additional bedrooms are smartly designed to receive natural light. All THREE FULL BATHROOMS boast stunning detail in carved fine Italian marble and stone finishes, mixed with luxuries meant to stimulate the senses and melt the stress away. 16 Crosby Street is a boutique pre-war cooperative offering a private low-key residence with high-tech and state-of-the-art modern conveniences. It is located on the southernmost block of the street - a picturesque landmarked enclave laid with beautiful cobblestones, a few high-end boutiques, and very little foot and car traffic, making it one of the most coveted and prestigious locations in Soho.

A FULL-SERVICE VIRTUAL DOORMAN and impressive ’Buzz-In’ VIDEO CONCIERGE SYSTEM controlled by your smartphone or 3rd party Concierge give residents total control of who enters the building, offering package and delivery management. Services include a dry-cleaning closet and a cold-storage/package room. The loft comes with a PRIVATE HALLWAY UTILITY STORAGE CLOSET, which most other floors do not have, just steps from the apartment door, and an entire 200 SF PRIVATE STORAGE ROOM in the basement.

Located in the historic SoHo CAST-IRON DISTRICT, 16 Crosby Street was originally built in 1877 as a factory. It was converted to a cooperative residential loft building in 1980. The location, just steps away from the intersection of SoHo, Nolita, Little Italy, and Tribeca, it is close to SoHo’s greatest shops yet in a beautiful quiet little paradise away from the hustle and bustle.

Spend your summer frequenting the best rooftop bars the city has to offer and your are easily accessible to the entire city from the nearby 6,N,Q,R,A,C,E and 1 trains just minutes away. This exceptional loft apartment is truly a modern masterpiece that cannot be fully appreciated without seeing it for yourself, and the ownership of the retail stores and substantial income they provide, make this offering an especially unique opportunity. LLC purchases allowed, pets allowed, subletting is limited and controlled by the Board on a case by case basis.

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