CONTRACT SIGNED
It Pays to Live in SoHo
Extremely rare opportunity in the heart of SoHo. Not just a unique home where you can live maintenance free, but also a rewarding long term investment that will deliver future CASH returns. The co-op owns two retail stores just recently leased at current market rents.
CONTRACT SIGNED
It Pays to Live in SoHo
Extremely rare opportunity in the heart of SoHo. Not just a unique home where you can live maintenance free, but also a rewarding long term investment that will deliver future CASH returns. The co-op owns two retail stores just recently leased at current market rents. Projected net operating income for 2016 is in excess of $400,000. Only 8 residential co-op owners! Board decides how much to retain for capital improvements (if any needed), how much for reserves, how much to distribute as dividends.
A private key-locked elevator opens directly into an expansive living/dining/kitchen/entertaining space with impressive 12 ft ceiling. Three enormous South facing windows bathe the living space in sunlight and look out onto historic views of landmarked SoHo architecture. The open, updated kitchen with 26 ft of Caesarstone counter space, stainless steel appliances and abundant storage, has a 5-burner gas stove top and a 2 electric wall ovens, ideal for preparing a home cooked meal or hosting guests. Floor-to-ceiling bookshelves lead one down a 28 ft central hallway with a full bathroom and separate laundry/utility room. A guest room, office and a full height paneled cedar walk-in closet, to store your off-season wardrobe, are located on the other side of the hallway. Tucked away from the public space in the rear of the loft, is the master bedroom with a windowed, recently renovated marble and ceramic tiled bathroom.
This boutique double building co-op with a full-time super who receives deliveries, features a central water purification system, central steam heat boiler, and a new gas-fired hot-water boiler. Video-intercom, common roof deck, basement storage and meeting room are also included in this pet friendly building.
464 Broome Street was originally constructed in 1860 by Aaron Arnold, the wealthy New York merchant responsible for founding one of America’s oldest department stores, Arnold Constable & Company, originally located on Canal Street. 462 & 464 Broome Street were jointly converted to co-operative lofts in the early 1980s. The building is made up of 8 full floor residential lofts and 2 commercial retail spaces.