Description

EXTRAORDINARY OPPORTUNITY! Price reduced to $4,500,000 (?$450,000) LOW, low maintenance of $500 due to income generated by luxury retail stores in the building. 2,250 SqFt Loft with 12'8" ceilings. 100 Prince Street, near the intersection of Prince and Mercer Streets, has been an active participant in the life of Soho for almost 140 years. The sun-flooded and expansive third floor loft is defined by its soaring 12 foot 8 inch traditional tin ceilings, oversized north, south and east facing windows, hardwood floors and an exposed brick wall. The authentic original detail found throughout the loft is representative of its true character and is reminiscent of the architectural history of SoHo. A distinctive trio of north facing windows affords pleasing prospects of the historic district and the luxury of light throughout the day. The current floorplan of this quintessential loft includes a grandly scaled open plan Living/Dining Room and Chef's Kitchen, a Study, 2 oversized Master Bedrooms, 2 large Bathrooms, a Laundry and superb storage. Upstairs, two loft spaces add an additional +/- 425 square feet to an extremely versatile floorplan. Alternative layouts which provide for conversion to 3 Master Bedrooms and 3 full Bathrooms are available. Tenant-shareholders at 96-100 Prince Street have access to a common roof top with beautiful views and benefit from a strong income stream from the commercial spaces, resulting in one of the lowest maintenance fees in all Soho. The cooperative permits financing of up to 80 percent financing and is pet friendly. 96-100 Prince Street is a five story, eight unit residential cooperative located at the very heart of the Soho-Cast Iron Historic District. Today SoHo is known for its unique cast-iron architecture, cobblestone streets, desirable loft living, fine boutiques and restaurants. SoHo's historic cast iron buildings have been home to famous painters, sculptors, composers, directors and cutting-edge art galleries. A testament to SoHo's fascinating past and iconic present, the familiar white building just beside Fanelli's Café (opened in 1847) and opposite the Mercer Hotel, is not just located in Soho, it is Soho. In October of 1968, the now-renowned contemporary art dealer Paula Cooper opened the first major art gallery in Soho in two adjacent 3rd floor lofts at 96 and 100 Prince Street creating the focal point in the evolution of Soho from a commercial district into the center of the New York art world. The third floor at 100 Prince Street transitioned to the world of musical theatre when sold to the director and producer James Hammerstein, the son of Oscar Hammerstein II, the lyricist of Rogers and Hammerstein who essentially invented the American musical comedy art form. In 1980, art dealer Anina Nosei opened a contemporary art gallery on the ground floor of 100 Prince Street. In 1981 she met the young neo-expressionist artist Jean-Michel Basquiat at his first group exhibition and went on to provide him with studio space in the basement of her gallery and the materials he needed to prepare his first New York solo show in 1982. She was thus instrumental in Basquiat's development from a "graffiti" street artist to a studio artist. His "Untitled", painted in 1982, sold at Sotheby's in 2017 for a record shattering $110,500,000.