Southbridge Towers is located in the rapidly growing Financial District which became the new passageway for high-end restaurants, shopping and the new Transportation Hub with 11 Subway Lines. Walking distance to the stock exchange, Chinatown, Battery Park City and one block from the South Street Seaport.
This spacious one bedroom with Southern Exposure fills the room with daylight. Private Terrace has East River and Freedom Tower views. The king size bedroom features a wall of closets. The living room has ample space for a dining area. The kitchen will need your personal touch.
Building features --2 indoor garages, newly renovated laundry room, outdoor and indoor children's play area, basketball court and Community Center. Two restaurants and a supermarket on the premises
Maintenance--- $606.02 which includes the real estate tax and utilities.
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