NOT LISTED FOR SALE

159 Mercer St Unit 2E New York, NY 10012

SoHo Neighborhood

Estimated Value: $2,903,124 - $4,004,000

2 Beds
2 Baths
1,508 Sq Ft
$650/mo HOA Fee

Last Sold October 27, 2023

Last sale price $2,995,000 $1,986 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $19,489/month

26 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Prince Street
  • 5-minute walk to Mercer Playground
  • P.S. 3 Charrette School Rated A

About This Home

As of October 2023

This stunning loft at 159 Mercer Street, 2E, is a true masterpiece that seamlessly combines historical charm with modern elegance.

Step inside and be captivated by the soaring ceiling height, allowing an abundance of natural light to flood the space. The original cast iron columns and tin ceilings add a touch of old-world charm, while the open floor plan creates a sense of spaciousness and freedom.

The chef's kitchen is a culinary dream, boasting top-of-the-line appliances including a Garland stove, Sub-Zero fridge, Bosch dishwasher, and an industrial size stainless steel sink. The stone countertops, wine fridge, and warming drawer complete this gourmet haven.

This loft offers more than just a beautiful living space, here you can take advantage of a live/work setup in the most ideal location. With a private keyed elevator and video intercom, your privacy and security are guaranteed. The convenience of a Bosch washer and dryer and central air conditioning adds to the comfort of this home.

Located in the coveted SoHo Cast Iron historic district, 159 Mercer Street was built in 1854 and exudes a rich history. Take a stroll along the cobblestone-paved Belgian blocks and immerse yourself in the vibrant atmosphere of this iconic neighborhood. Indulge in the plethora of shops, boutiques, restaurants, bars, and art galleries that surround you.

Last Agent to Sell the Property

Marc Schaeffer

Brown Harris Stevens Residential Sales LLC License #10401223398 Listed on: 09/07/2023

Brown Harris Stevens Residential Sales LLC

Co-Listed By

Ari Harkov

Brown Harris Stevens Residential Sales LLC License #10301202788

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,216

Year Built

  • Built in 1880

HOA Fees

  • $650 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 1,508 Sq Ft Home
  • 4-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 6 Units
  • Soho Subdivision

Listing and Financial Details

  • Tax Block 00513

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,216

Year Built

Built in 1880

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Cross Street: Prince St/W. Houston St
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Soho
  • Architectural Style: Prewar
  • Entry Level: 2
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
  • Living Area: 1508.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 650.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 6
  • Total Stories: 4
  • Year Built: 1880

Tax Info

  • Tax Block: 00513
  • Tax Annual: 15216.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 25, 2023
Sold by
Loresho Llc
Bought by
Maccaroni Beth and Poopat Peter
Seller's Agent
Marc Schaeffer
Brown Harris Stevens Residential Sales LLC
List Price
$2,750,000
Sold Price
$2,995,000
Premium/Discount to List
$245,000
8.91%
Views
110
Current Estimated Value
$3,317,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,531
Avg. Annual Appreciation
5.53%

Purchase Details

Closed on
Feb 24, 2022
Sold by
Steers Julia
Bought by
Loresho Llc

Purchase Details

Closed on
May 20, 2013
Sold by
Hwang Hye Jin and Limore Shur Temporary Receiver
Bought by
Steers Julia

Purchase Details

Closed on
Nov 3, 2009
Sold by
Shur Limore
Bought by
Hwang Hye Jin and Shur Limore

Purchase Details

Closed on
Dec 1, 2003
Sold by
Smallman Clifford
Bought by
Shur Limore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1999
Sold by
Zettler George H and Chase Candace L
Bought by
Smallman Clifford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,900
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maccaroni Beth $2,995,000 --
Loresho Llc -- --
Steers Julia $2,370,000 --
Hwang Hye Jin -- --
Shur Limore $1,200,000 --
Smallman Clifford $699,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shur Limore $335,000
Previous Owner Shur Limore $190,764
Previous Owner Shur Limore $840,000
Previous Owner Smallman Clifford $499,900
Previous Owner Zettler George H $360,000
Closed Shur Limore $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $2,995,000 +8.9% $1,986 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $2,750,000 0.0% $1,824 / Sq Ft
07/29/2021 07/29/21 Rented -- -- --
06/29/2021 06/29/21 Under Contract -- -- --
06/24/2021 06/24/21 For Rent $7,600 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,825 $136,705 $2,702 $134,003
2024 $15,825 $126,581 $11,278 $124,580
2023 $15,218 $124,054 $2,354 $121,700
2022 $14,054 $712,620 $11,278 $701,342
2021 $13,047 $570,089 $11,278 $558,811
2020 $10,821 $553,452 $11,278 $542,174
2019 $10,131 $461,226 $11,278 $449,948
2018 $12,137 $95,426 $2,800 $92,626
2017 $11,238 $88,359 $2,932 $85,427
2016 $10,548 $81,815 $2,994 $78,821
2015 $5,649 $80,891 $3,135 $77,756
2014 $5,649 $74,900 $2,418 $72,482
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10896476

Real Estate Board of New York (REBNY)

APN: 0513-1102