This beautiful and spacious one bedroom apartment is located on a high floor in the Southbridge Towers complex, a former Mitchell Lama housing project in Lower Manhattan. Constructed in the late 1960's/early 1970's and converted to Cooperative Ownership in 2015, This desirable Financial District location offers superb access to public transportation (including ferry boats) on the A, C, E, J, Z, 1, 2, 3, 4, 5, R and Path trains, and numerous bus lines. Amenities at Southbridge abound: attended lobby, multiple playgrounds, community rooms, a basketball court, and indoor parking and extra storage space are available for a fee. All taxes and utilities are paid for in the low monthly maintenance: gas, electric, heat, and hot water. The layout is gracious, and the rooms are generously proportioned. The terrace offers spectacular view north to Midtown Manhattan, and east to the Two Bridges area and Brooklyn. The building is pet-friendly, and allows guarantors, parents financing for their children, and co-purchasing - all with Board approval.
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