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39 Crosby Street
New York, NY 10013
Shannon Eidman with Compass, original listing -
$26,750,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6
Property Type
Conventional
Square ft
6086 Square Feet
Property Description
The Penthouse at 39 Crosby A Trophy Offering in the Heart of SoHo s Cast Iron Historic District Notable Features - First time publicly marketed - Privacy 39 Crosby sits close to the apex of SoHo's topography, bestowing the Penthouse a vantage point overlooking most of the others surrounding it - 6,086 Sq Ft Interior - 3,400 Sq Ft Private Outdoor Space - 5 Bedrooms - 5 Full Baths + 2 Powder Rooms - 2 Deeded Parking Spaces - Biophilic design - 360 degree exposures with panoramic skyline views from virtually every room - 250 Sq Ft additional storage - An unparalleled and uniquely private Indoor/Outdoor Living Experience The Residence Presenting The Penthouse at 39 Crosby, a never before publicly marketed crown jewel set atop one of SoHo s most coveted, boutique, cast iron buildings. This exceptionally private, glass clad, ultra-sleek mansion in the sky proffers breathtaking views of the skyline from virtually every room, multiple private outdoor spaces and one of Manhattan s most elusive amenities deeded parking, of which this offering includes two (2)! Primary Floor The majestically proportioned great room is enveloped in 270 degree views stretching from the Brooklyn Bridge to the East, One World Trade to the South and SoHo s historic backdrop to the West. This sophisticated, all glass jewel box showcases a spatial volume rarely experienced given its soaring ceilings. Rounding out this special space is a gas fireplace and the first of four exclusive outdoor spaces, a 195 Sq Ft terrace. The great room flows seamlessly into an expansive dining room set to host the grandest of dinner parties. With its 20 Ft runway, the only limitation to the number of guests you invite to dine will be the size table you choose. Offset from the dining room, the stylish open plan, presentation worthy, kitchen combines chef-caliber features with contemporary design; a Shangri-La of functional elegance. An oversized central island is topped in gorgeous South American sourced marble. The upscale modern aesthetic is further enhanced by custom Italian cabinetry with integrated appliances. The premium appliance package include a Miele gas range, duo of Miele wall ovens, Subzero fridge and Bosch wine chiller ensuring residents can create and host with sophistication and style. A flight up opens unto your private sanctuary, the 1,221 Sq Ft roofdeck replete with a fully outfitted open air kitchen and 360 views taking in almost every notable feature on NYC s horizon. Follow the indoor, mature growth, bamboo garden, down a few steps to find your comfort space - a media / sun room naturally extending onto a 983 Sq Ft terrace. The perfected blend of indoor outdoor living continues the magnificent skyline views with North and West exposures. Discretely tucked away, above the dining room, is a home office ideally situated to take in cityscapes while hashing out details for your next big deal. Private Quarters Down a flight, the graciously designed, luxurious primary suite boasts its own splendid panoramas, a 795 Sq Ft terrace and avails itself of two en-suite, spa inspired baths, dressing areas and plentiful closet space. An additional king sized en-suite bedroom and first of two laundry rooms share the floor. Secondary Living Area & Additional Bedrooms An additional flight down opens unto an idyllic hideaway; a secondary great room, perfect for lounging floods with natural light from its bank of enormous 6 x 9 windows. An additional three king sized bedrooms, two full baths, powder room, catering kitchen and secondary laundry round out this cozy floor. The Building A bit of a mystery itself, 39 Crosby can only be characterized by one of the most its who you know properties downtown. All but one home has traded discreetly, without hitting the public market. This ultra private, boutique condo community is situated in the heart of SoHo s Historic Cast Iron District. Originally built in 1872 by famed architect Edward H. Kendall, the Neo-Grec cast iron and brick loft building was lovingly and meticulously restored to its former glory when reimagined in 2010. Offering an exemplary mix of period specific loft living with modern convenience, residents are treated to unparalleled spaces, high-end luxury finishes and utmost privacy in the chicest of downtown locations.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
39 Crosby Street
City
New York
State
NY
Zip Code
10013
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(516) 512-0898
Office Name
Office Phone
Agent Name
Shannon Eidman
Agency Phone
(646) 586-8268

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.