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18 East 18th Street, #5E

$2,995,000 ($1,070 per ft2) | 3 beds, 2 baths | Approx. 2,800 ft2
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25 days on Market

Key Details

  • Listed: May 22, 2024
    Days on Market: 25
    Building Type: Cooperative
    Neighborhood: Flatiron/Union Square (Manhattan)
    Listing viewed 150 times
Monthly Maintenance: $5,319 ($1.90/ft2)
Est. Monthly Mortgage: $16,037
Total Est. Monthly Carrying Cost: $21,356 ($7.63/ft2)
Note: the above is based on a down payment of 20% ($599,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Building: This loft is located in the historic Flatiron/Union Square neighborhood, in a pre-war co-op built in 1900 and converted in 1988. The building, which is undergoing restoration and improvements, including a future common roof garden, has two separate lobbies with video security systems and contains only 10 units, ensuring a sense of community and privacy.
  • Loft Features: The spacious 2,800 sq ft loft is a full floor-through on a high floor, providing privacy and abundant natural light. It features soaring 12-foot+ ceilings, five majestic, silvered cast iron Corinthian columns, original light maple wood floors, and 40-foot walls of windows.
  • Unique Design: The loft, reminiscent of an 'art gallery', offers a unique living experience and the opportunity for the new owner to enhance and design according to their preference.
  • Convenience and Amenities: The keyed elevator opens directly into the loft, which has an open kitchen with an island counter, a separate laundry area, and lots of hidden storage space. Building amenities include resident storage, intercom, washer/dryer in building, and elevator.
  • Potential Additions: The loft has potential for a windowed home office/exercise room or 3rd bedroom alcove, and there's an opportunity to install a Central Air Conditioning system.
  • Nearby Attractions and Perks: The loft is located near historical landmarks, shopping, dining, and convenient transportation options. Pets are allowed and the seller pays flip tax.

Description

Build a Legacy...Build Character. LOFT LOVERS. They are special people..... And if you love history, you’ll fall in love here. Step into the Circa 1900 landmark Flatiron building located on 18th Street between Broadway & Fifth Avenue.

There are TWO entrances. Enter Loft 5-E through 22 East 18th Street. Loft #5E is an enormous, open space full floor-through on a high floor with extraordinary light and privacy. During the last 50 years, only two artistic residents have occupied this space with ’TLC’.

The pristine ’white box’ has been lovingly restored. The keyed elevator opens into the loft with soaring 12-foot+ ceilings anchored by five majestic, silvered cast iron Corinthian columns. Step inside this grand open space with original light maple wood floors and 40-foot walls of windows anchored both north and south.

The space is reminiscent of an ’art gallery’ and at the same time warm and inviting, dripping in old & new New York history. The pristine loft had been originally re-created from a high-end haberdashery manufacturing space in the early 1900s into two+ large bedrooms and two bathrooms, an open kitchen with an island counter, washer & dryer laundry area, a windowed home office/exercise or 3rd bedroom alcove, lots of hidden storage, and grand open living room and dining. Well over 50 years ago, the converted Primary Bedroom with a large Bathroom suite had been elevated on a 4-foot raised platform.

It was removed for the current owner’s intended new renovations. The removed platform is now conveniently on one level. Such bathroom plumbing is also up-to-code and ready for the new owner’s advantage to enhance and design.

A Central Air Conditioning system may be installed. Here is an opportunity to truly create your very own legacy. Bring your imagination along with your favorite Architect, Contractor, and/or Designer.

The Cooperative is known as 18 East 18th Street Tenants Corp with two separate lobbies: #22 & #18 on East 18th Street.

Each has a video security system, plus a keyed elevator. The Cooperative is completing a thorough restoration and improvements, including a future common roof garden. Prospective Buyers are required to submit a preliminary REBNY Financial Statement to the Board before the Sales Application.

This is indeed a time-saver. The Seller pays flip tax. Pets are allowed.

This C.1900 Flatiron landmark residence is located in a well-known, nearby historical district surrounded by hidden gems, such as Madison Square Park C.1847, Union Square Park C.1839, Rizzoli’s Bookstore located at The Saint James C.1836, Eataly located at 200 Fifth Avenue C.1839, Theodore Roosevelt’s Birthplace townhouse at 28 East 20th Street C.1858, and the iconic Flatiron Building C.1902. The area is popular for shopping and design. Don’t forget the wonderful open Union Square Farmers Market, Whole Foods, Trader Joe’s, too many fabulous restaurants and nightlife to mention here, plus convenient transportation of subways #5, #4, #6, N, R, and more.

Become part of New York history with this amazing, flexible loft #5-E on a private floor. LOVE WHERE YOU LIVE.

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Listing courtesy of Corcoran Group

Pricing History

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About 18 East 18th Street

Building Amenities

  • Conversion Year: 1988
  • Resident Storage
  • Intercom
  • Washer/Dryer in building
  • Elevator

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Subways

  1. Q
  2. N
  3. R
  4. 4
  5. 5
  6. 6
  7. L
at Broadway and 16th 0.15 miles
  1. M
  2. 1
  3. 2
  4. 3
  5. F
at 6th Ave and 16th 0.29 miles

Other Apartments Available in this Building (2)

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