NOT LISTED FOR SALE

22 Mercer St Unit 2D New York, NY 10013

SoHo Neighborhood

Estimated Value: $4,038,778 - $4,779,000

2 Beds
2.5 Baths
2,392 Sq Ft
$3,087/mo HOA Fee

Last Sold June 21, 2023

Last sale price $4,500,000 $1,881 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $29,085/month

1,490 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to Canal Street (N,Q,R Line)
  • Balcony
  • P.S. 130 - Hernando De Soto Rated A
  • Pre War Building
  • New Windows

About This Home

As of June 2023

New Price! Perfectly perched in an immaculately converted landmark 24-hour doorman condominium loft building on a quiet cobblestone block of Mercer Street in SoHo's historic cast-iron district, this superbly outfitted home with two large bedrooms, two and a half bathrooms, is grandly scaled with about 2,392 square feet of living space and features a wood-burning fireplace and a small balcony, the only one of its kind in the building. The East-facing, 25-foot wide great room with its soaring 14ft ceilings is brightly lit by three triple-paned arched windows, framed in hardwood mahogany, that flood the space with dreamy morning light, and feature a working wood-burning fireplace. Adjoining the entertaining space is a Bulthaup open kitchen, expertly equipped for the most discerning chef. It features appliances by SubZero, Gaggenau, & Miele, and is outfitted with imported marble, a sink and pot-filler, a state-of-the-art ventilation system, an extra-large pantry, and a five-burner Wolf range. A grand entry gallery ideal for an art collection maximizes the use of space by providing a home office area complete with storage and customized built-ins. The gracious primary bedroom suite is a serene sanctuary and features a stunning custom-built walk-in closet and a luxurious 5-fixture marble bathroom resplendent with double vanity sinks, a deep soaking tub, and a glass-enclosed steam/rain shower. The enormous second bedroom offers custom closets and a contemporary en-suite bathroom. Both bedrooms are illuminated by a wall of floor-to-ceiling glass windows of an internal atrium that provides views of a landscaped green wall. Recently refinished hardwood flooring features throughout and additional amenities include sound-proofed windows, central heating and air-conditioning, a washer-dryer, a tastefully appointed powder room for guests, and a custom home sound system with Sonos and built-in speakers throughout. 22 Mercer Street is a boutique-scaled 16-unit pet-friendly, full-service condominium with a common roof terrace. A superb variety of restaurants and cafes (including La Mercerie and Le CouCou), world-class shopping including Roman and William's Guild and all major transportation are within moments of your front door. The southerly direction of Mercer Street prevents traffic flow north and keeps this area very light on vehicular traffic. The applicant is required to contribute to the Working Capital Fund in an amount equal to one (1) month's residential common charges. Flip Tax is equal to 1% of the Purchase Price payable by the seller. Please note there is a capital assessment of $4,216.67/month through December 1st, 2023, The assessment is for a capital plan for the building that contemplates the immediate replacement of both the building's heating and cooling systems, as well as a full modernization of the elevator within 1-5 years' time

Last Agent to Sell the Property

Leonard Steinberg

Compass License #10491210697 Listed on: 06/29/2022

Compass

Co-Listed By

Hervé Senequier

Compass License #10301222383

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,648

Year Built

  • Built in 1860

HOA Fees

  • $3,087 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 2,392 Sq Ft Home
  • Wood Burning Fireplace
  • New Windows
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 231

Community Details

Overview

  • Soho Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$33,648

Year Built

Built in 1860

Lot Details

0

HOA Fees

$3,087 per month

Listing Details

  • Cross Street: Grand Street/Howard Street
  • Exposures: East,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Soho
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Features: Dining Area, Entrance Foyer, Pantry
  • Appliances: Dryer, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2392.0
  • Living Area Units: Square Feet
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3087.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 1860

Tax Info

  • Tax Block: 231
  • Tax Lot: 7501
  • Tax Annual: 33648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jun 21, 2023
Sold by
Gordon Madaline R and Gordon Sophia P
Bought by
Lee Elizabeth Avery
Seller's Agent
Leonard Steinberg
Compass
List Price
$4,750,000
Sold Price
$4,500,000
Premium/Discount to List
-$250,000
-5.26%
Views
20
Current Estimated Value
$4,388,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,555
Avg. Annual Appreciation
-1.01%

Purchase Details

Closed on
Dec 30, 2020
Sold by
Gordon Madaline R and Gordon Stephen H
Bought by
Gordon Madaline R and Gordon Sophia P

Purchase Details

Closed on
Jan 7, 2020
Sold by
Beyond Hudson Llc
Bought by
Gordon Madaline R and Gordon Stephen H

Purchase Details

Listed on
Apr 2, 2014
Closed on
Sep 16, 2014
Sold by
Maggio Dominick
Bought by
Beyond Hudson Llc
Seller's Agent
Sabrina Saltiel
Douglas Elliman Real Estate
List Price
$4,495,000
Sold Price
$4,250,000
Premium/Discount to List
-$245,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.29%

Purchase Details

Closed on
Mar 4, 2010
Sold by
Falcone Marc John
Bought by
Maggio Dominick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,982,500
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2007
Sold by
2 Mercer Street Llc and % Property Markets Group
Bought by
Falcone Marc J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,212,500
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Elizabeth Avery $4,250,000 --
Lee Elizabeth Avery $4,250,000 --
Gordon Madaline R -- --
Gordon Madaline R -- --
Gordon Madaline R $3,650,000 --
Gordon Madaline R $3,650,000 --
Beyond Hudson Llc $4,200,000 --
Beyond Hudson Llc $4,200,000 --
Maggio Dominick $3,050,000 --
Maggio Dominick $3,050,000 --
Falcone Marc J $2,950,000 --
Falcone Marc J $2,950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maggio Dominick $1,982,500
Previous Owner Falcone Marc J $2,212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2023 06/21/23 Sold $4,500,000 0.0% $1,881 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
01/12/2023 01/12/23 Price Changed $4,500,000 -5.3% $1,881 / Sq Ft
12/31/2022 12/31/22 For Sale $4,750,000 +5.6% $1,986 / Sq Ft
12/31/2022 12/31/22 Off Market $4,500,000 -- --
10/22/2022 10/22/22 Price Changed $4,750,000 -4.0% $1,986 / Sq Ft
10/02/2022 10/02/22 Price Changed $4,950,000 -1.0% $2,069 / Sq Ft
07/01/2022 07/01/22 For Sale $5,000,000 0.0% $2,090 / Sq Ft
07/01/2022 07/01/22 Off Market $5,000,000 -- --
07/01/2022 07/01/22 Price Changed $5,000,000 +11.1% $2,090 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
04/05/2019 04/05/19 For Sale $4,500,000 0.0% $1,881 / Sq Ft
02/14/2018 02/14/18 Rented -- -- --
01/15/2018 01/15/18 Under Contract -- -- --
11/22/2017 11/22/17 For Rent $13,500 0.0% --
09/14/2014 09/14/14 Sold $4,250,000 -5.5% $1,777 / Sq Ft View Prior Sale
08/15/2014 08/15/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $4,495,000 -- $1,879 / Sq Ft
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 $34,973 $285,763 $33,516 $252,247
2024 $34,973 $279,743 $33,516 $246,227
2023 $34,027 $277,385 $33,516 $243,869
2022 $27,684 $274,334 $33,516 $240,818
2021 $33,653 $274,334 $33,516 $240,818
2020 $35,004 $303,844 $33,516 $270,328
2019 $33,450 $297,013 $33,516 $263,497
2018 $31,550 $286,948 $33,516 $253,432
2017 $28,815 $262,129 $33,516 $228,613
2016 $26,128 $253,271 $33,516 $219,755
2015 $10,584 $237,309 $33,516 $203,793
2014 $10,584 $200,651 $33,516 $167,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10859721

Real Estate Board of New York (REBNY)

APN: 0231-1005