Off of a private landing at 2,729 square feet, with 3 elevator banks, the 2nd Floor at 50 Pine Street is a modernized and luxuriously appointed 3-bedroom, 3-bathroom prewar loft with soaring 12-foot ceilings in the heart of the Financial District.
Upon entering through meticulously crafted and detailed elevator bays, sets of large glass doors pull you into an expansive and open living/dining area with large picture windows. Overhead, industrial accents and suspended lighting guide you through an open floorplan as a partitioning wall divides the home office and library creating modern iterations of traditional spaces.
In the library, a wall of windows lets in light from the East and sits opposite rows of sleek shelving. On the other side of the partition, the office can accommodate a small staff and offers a renovated full bathroom, making this apartment ideal for those in need of a live/work environment. Alternatively, the absence of interior structural walls allows this apartment to be easily reconfigured to suit the needs of any individual, for any purpose.
At the northern end of this apartment, a large and open eat-in kitchen showcases all stainless steel appliances including refrigerator by Subzero, 4-burner gas range by Jenn-Air that vents out of the unit and Bosch dishwasher as well as all open shelving and sizeable open pantry.
To the West of the kitchen, the master suite offers two large closets and a 4-fixture windowed bathroom with custom tilework. The washer/dryer is housed in the laundry room that sits just next to the bathroom. On eastern side of the apartment, the second and third bedrooms get good light in the morning sun and share a bathroom. Plus, there is an abundance of closet space as there is approximately 22 ft. of closet space in the bedrooms, and the potential to build out an additional 28 ft. of closet space through the rest of the loft if need be. Furthermore, this unique residence comes with its own large private storage unit that transfers with apartment.
Built in 1902, 50 Pine Street retains construction quality of the prewar era with its two-story granite base, barrel-vaulted lobby and inlaid terra cotta flat arch construction between floors reducing noise from those above. Moreover, this glorious prewar building was once occupied by the Caledonia Insurance Company. This keyed elevator condominium building additionally affords its residents a part-time doorman plus a video intercom security system ensuring safety, a daily visiting superintendent, and convenient access to the lifestyle amenities of the burgeoning Financial District as well as easy access to the 2, 3, 4, 5, 6, N, R, E, M and F trains. Pets are welcome.
The Financial District encompasses the entire area of Manhattan below Chinatown and Tribeca to the southern tip of the island. Several office buildings in the area have been converted for residential use, making what was once a quiet place after the business day a vibrant neighborhood bustling with shops and restaurants that cater to the growing full-time population. This is a great location for those wishing to walk to work on Wall Street. Also in the area is Battery Park City, a mixed residential and commercial neighborhood within walking distance to the downtown business district. Battery Park City is a small “city within a city” with shops, restaurants, and even a marina. The Financial District is home to the South Street Seaport with its beautiful harbor views and many shops and restaurants. Open-air concerts are also held here. At the very tip of the island, one can take in spectacular views of Governors and Ellis Islands and spot the Statue of Liberty in the distance. Also within walking distance are the Castle Clinton National Monument and the Jewish Heritage Museum.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more