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This turn-of-the-century full floor loft designed by West Chin Architects is a must-see. The condominium 2BR/2BA home located at 259 Bowery, next to the New Museum, is an effortless blend of style and function. This exceptional loft offers a tremendous volume of space at 2250 interior square feet with soaring 11. 5’ ceilings and a 100+sf private terrace. Modern yet timeless, the property has been thoughtfully crafted with a diversity and richness of material, color, and textures with no detail overlooked. All of this located in a fantastic downtown location where Nolita, SoHo/NoHo, and Lower East Side all converge, offering the best of some of Manhattan’s most dynamic and hip neighborhoods. The expansive space, measuring nearly 100 linear feet front to back, is accessed via private keyed elevator opening directly into the property. At the front of the loft is a bright and airy living/dining area with three oversized west-facing CitiQuiet windows, built-in bench seating, a white marble wood-burning fireplace, and a wonderful architectural element of Aspen wood arched canopy spanning the room. Just off the living room is an open Poggenpohl chef’s kitchen with a large central island, vented Viking range, Subzero refrigerator, dishwasher, granite countertops, pendant drop lighting, as well as abundant and thoughtful storage. Separating the two sides of the loft in the heart of the space is a warm and welcoming den/media room with a beautiful custom millwork media wall, built-in speakers and Crestron A/V system. Just off the den is the first full bath, built as an integrated wet room shower with mosaic tile floor, glass walls, and brushed steel finishes. The bedroom wing at the east side of the loft is subtle, serene and quiet with both the king-sized primary and secondary bedrooms each having access to the 100+sf private terrace. Both of the bedrooms have exposed brick walls, custom built-in storage and shelving in a beautiful Macassar Ebony wood, and oversized East Facing windows and double doors. The bedrooms share a fully outfitted pass through walk-in closet with floor to ceiling custom designed storage. Both bedrooms also access the impressive primary bath with Duravit fixtures, radiant floor heating, a freestanding soaking tub, separate spa rain shower, and a Carrara marble double sink vanity. There are hardwood floors throughout the home as well as generous closets and plentiful custom built-in millwork offering efficient and concealed storage. The property also features a Lutron lighting system, washer-dryer in unit, central air conditioning, and a private storage room. 259 Bowery is a boutique five unit condominium loft building with a visiting super. With easy access to transportation, including two nearby subway lines, and situated amongst downtown's best dining, shopping, art galleries and museums, this property is a piece of art itself not to be missed!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $2,171 | $2,171 | $2,171 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,118 | $17,698 | $23,818 |
Total Monthly Payment | $18,414 | $19,994 | $26,114 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.