$5,600,000
Updated 3 years ago
Sold

16 Crosby Street, 2-RN

Soho, Manhattan | Howard Street & Grand Street

Loft 5.5 Rooms3 Beds2.5 Baths2,400 Square FeetCo-op

$5,600,000
Maintenance$900
Price Per SF
$2,333

This property was sold for $5,600,000 on 05/12/23.

Listing Features

  • Dressing Area
  • Galley Kitchen
  • High Ceilings [14']
  • In Wall Speakers
  • Library / Den
  • Mezzanine
  • Murphy Bed
  • Sleeping Loft
  • Track Lighting
  • Walk-in Closet
  • Washer / Dryer
  • Gourmet Kitchen
  • Open Kitchen
  • Wine Cooler
  • En Suite Bathroom
  • Powder Room

Outdoor space and views

  • City Views
  • East Exposure

Building Amenities

  • Video Intercom
  • Keyed Elevator
  • Renovated Lobby
  • Storage

Policies

  • Pets Allowed

Property Description for 16 Crosby Street, 2-RN

Introducing a Spectacular Soho Loft Masterpiece with Rare Financial Benefits and Savings Welcome to 16 Crosby Street #2RN, a show-stopping, dramatic, and stunning masterpiece loft in Prime Soho that will WOW even the most discerning buyer. Having recently finished a custom designed triple-mint renovation, this ultra-cool, impeccably-designed, one-of-a-kind loft with a multitude of luxurious and eye-catching detail, boasts 14 ft ceilings, and also offers the rare financial benefit of practically no monthly maintenance expense. This loft owns 7.5% of the Coop's 3 prime retail leases, and the retail rental income historically has paid for all common area charges, real estate taxes, plus shareholders have also received dividend income up to $30,000 annually. The retail rental income continues to pay for shareholders' internet & cable television and the maintenance charges are quite minimal (currently only $900). The ownership of this loft is therefore equivalent to a savings of approximately $5000 a month or $300K over 5 years. Enter this spectacular almost 2400 square foot loft and experience the jaw-dropping enormous sun-filled Great room ideal for entertaining and luxurious for everyday living of approximately 750 sq ft, with soaring 14 feet ceilings. The Great room features an expansive living area, an open kitchen and dining area framed by a wall of massive 10-foot windows providing a constant stream of eastern light from the front of the building on quiet and historic and desirable cobblestone Crosby Street. The Great Room is a perfect blend of historic classic loft architecture and modern luxury. Its original elegant columns and white pressed tin ceilings are complemented by the modern design. The high ceilings also create a unique opportunity for a home gallery display of art. The modern open and chic chef's kitchen features a stunning white counter island that seats three, and pristine contrasting black modern Italian cabinetry, a suite of Miele high-end cooking appliances, a Subzero refrigerator, and a magical faucet that folds down to create an uninterrupted counter surface. Plentiful custom cabinetry and extensive counter space ensure an exceptional cooking and entertaining experience. The stunning dining area showcases a circular built-in banquette framed by lovely ebony wood cabinets and shelving above. Two wine coolers provide 50 bottle storage and up to 100 cans of soft drinks. The serene and luxurious primary bedroom suite can be found in a private corner of the loft separated by majestic floor to ceiling glass and steel doors with automated curtains, framed by floor to ceiling custom shelving creating a secluded peaceful retreat. The stunning modern ensuite primary bathroom features a smart toilet, 2 Robern vanities, 2 deep medicine cabinets, Kallista hardware, Ann Sacks tile, a stand-alone matte bathtub, separate glass shower, wireless TV, and a chandelier. The master suite features two dramatic walk-in-closets and a dressing room with plentiful floor to ceiling storage. On the opposite side of the loft are two additional bedrooms, and two bathrooms. The stunning and secluded second bedroom features extensive closets and access to a multi-purpose mezzanine that can function as a home office, den, or additional sleep loft plus storage rooms totaling approximately 400 square feet. The guest bath is a work of art featuring modern black and white tile, a Robern vanity, Kallista hardware, Ann Sacks tile, and a stand-alone matte bathtub. The spectacular 3rd sleeping space/den/home office off the Great Room is framed by floor to ceiling glass and steel doors and when opened to the living room, can function as a den, or when closed, is a third bedroom with its built-in Murphy bed. To top it all off, the loft transfers with a large room of almost 300 square feet in the basement that can serve multiple purposes: a private gym, a home office plus extensive storage, and is equipped with a 300 bottle wine cooler, its own HVAC, internet, cable tv, and outside fresh air supply. Other desirable features of this stunning loft include: 5 zone central air conditioning, a laundry room with a large capacity LG washer and dryer, sink and cabinets, two home office desk areas, Lutron lighting, an automated window shade system, and a smart 10 speaker (in-ceiling) home stereo system. 16 Crosby Street is a historic boutique Cast Iron loft building that has a beautifully renovated lobby, elevator and hallways, and features a 24 hour virtual doorman, a locked package room, and a dry cleaning drop-off area. Shareholders have smart phone access to the building, package room, dry cleaning room, and unit. The Coop allows purchasing in an LLC, and also allows pets. This exquisite home's Soho location has the best of both worlds; it is located on the quiet historic cobblestone Crosby Street which has few cars and pedestrians between Grand and Howard Streets (Crosby only runs north originating from Howard Street), creating privacy and quietude, and yet it is only steps to Soho's best world class restaurants and high end shopping

Video Walkthrough


Listing History for 16 Crosby Street, 2-RN

Now
05/18/2023
$5,600,000
Sold and Closed by Ryan M. Serhant
Serhant LLC
01/14/2023
Contract Signed by Ryan M. Serhant
Serhant LLC

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 Agents

Contact Agents

Ryan Serhant
Serhant LLC
Donna Strugatz
Serhant LLC

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: 1998070