$5,995,000
Updated 6 years ago
Off Market

16 Crosby Street, 4-RN

Soho, Manhattan | Howard Street & Grand Street

Loft 5 Rooms3 Beds3 Baths2,400 Square FeetCo-op

$5,995,000
Maintenance$1
Price Per SF
$2,498

Listing Features

  • Architectural Dtls
  • Beamed Ceilings
  • Dressing Area
  • Hardwood Floors
  • High Ceilings [11']
  • Home Office
  • Library / Den
  • Security System
  • Solarium
  • Storage Closet
  • Track Lighting
  • Walk-in Closet
  • Washer / Dryer
  • Oversized Windows
  • Adjoining Pantry
  • Dishwasher
  • Eat-in Kitchen
  • Gourmet Kitchen
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Wine Cooler
  • Double Vanity
  • Jacuzzi Tub
  • Marble Bathroom
  • Stall Shower

Outdoor space and views

  • City Views
  • East Exposure
  • North Exposure

Building Amenities

  • Video Intercom
  • Keyed Elevator
  • Renovated Lobby
  • Storage

Policies

  • Pets Allowed

Property Description for 16 Crosby Street, 4-RN

WATCH FILM TOUR OF 16 CROSBY STREET APT 4RN IN LINK ABOVE OR BELOW! https://youtu.be/LZa81WFfiik

EXCEPTIONAL RENOVATED LOFT WITH ZERO MAINTENANCE (INCOME SOME YEARS) AND OWNERSHIP OF 3 HIGHLY VALUABLE GROUND FLOOR STORES

WHAT MAKES IT REALLY UNIQUE? The loft comes with an ownership interest in three highly valuable retail stores that generate income to cover 100% of maintenance costs, and in some years, provides passive income. In addition, if shareholders decide to sell the stores, it would equate to millions in additional value, acquired at a 40-50% discount by being attached to this loft.

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.

Combining old-world architectural details with the highest level of modern finishes from Europe and Brooklyn based artisans, fixtures by Vola and Dornbracht, this 2,400 SF THREE BEDROOM (interior), THREE BATHROOM LOFT underwent an extensive TWO YEAR RENOVATION by a highly regarded architect preserving authentic features like blackened STEEL COLUMNS and original EXPOSED WOOD BEAMS, creating a balanced marriage of the building’s rich pre-war history, highest level contemporary finishes, and modern smart technology.

The entire home is controlled from your mobile device or voice command with the latest smart technologies including 7 music zones, LED recessed and cove lighting, three-zone central temperature/humidity control, and a robust security system allowing you to create a zen-like oasis perfectly choreographed to your daily routines and preferences. 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, fully customized with incredible storage, beautiful finishes, custom Italian glass and wood cabinetry, highest-level stainless steel appliances and fixtures, Wolf induction stove, 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 Bendheim Architectural Glass glass door system as well as an artisan crafted massive zinc sliding wall to create an open loft feel or a private warm bedroom. Dressing closets are huge with floor to ceiling fully customized dressing area with impressive clothing storage. The two additional bedrooms are smartly designed to receive natural light. All THREE 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.

A FULL-SERVICE VIRTUAL DOORMAN and impressive “Buzz-In” VIDEO CONCIERGE SYSTEM controlled by your smartphone or a 3rd party Concierge give residents total control of who enters the building, offering package and delivery management and remote video monitoring. Services include a dedicated dry-cleaning closet and a cold-storage/package room for grocery and package delivery. In addition to the tremendous storage in the apartment, there’s a PRIVATE UTILITY STORAGE CLOSET just steps from the apartment door, and downstairs on the basement level, an entire 200 SF PRIVATE STORAGE ROOM perfect for your wine collection, bikes, and all of your other storage needs.

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 – is in the heart of the best New York City's downtown has to offer. From world-famous hot spots like Balthazar, Le CouCou, The Blonde, La Mercerie and The Crosby Street Hotel to fun local hangouts such as Saturday’s, Smile To Go, Jack’s Wife Freda, La Esquina, Y7 Studio, Soul Cycle and Orange Theory, there is wealth to do in close walking distance providing endless culinary and fitness options. You are 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.

Listing History for 16 Crosby Street, 4-RN

Now
03/16/2020
TOM by Kristin Thomas
Compass
01/27/2020
$5,995,000 [-$205,000] [3.3%]
Price Drop by Kristin Thomas
Compass

Building Details for 16 Crosby Street

OwnershipCo-op
Building TypeLoft
Service LevelVideo Intercom
AgePre-War
AccessKeyed Elevator
Year Built1877
Floors/Apts5/12
Learn More About the Building

Transit and Citi Bike

Subway

Canal St
0.09 miles
Spring St
0.22 miles
Canal St
0.26 miles
Prince St
0.31 miles
Bowery
0.33 miles

Citi Bike

Lafayette St & Grand St
0.08 miles
Howard St & Lafayette St
0.08 miles

Contact Agent

Contact Agent

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1257239