NOT LISTED FOR SALE

25 Mercer St Unit 2 New York, NY 10013

SoHo Neighborhood

Estimated Value: $6,016,000 - $8,150,000

3 Beds
4 Baths
2,901 Sq Ft
$1,605/mo HOA Fee

Last Sold August 18, 2017

Last sale price $8,000,000 $2,758 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $43,384/month

411 Days on Market

Highlights

  • Newly Remodeled
  • 2-minute walk to Canal Street (N,Q,R Line)
  • Terrace
  • P.S. 3 Charrette School Rated A
  • Pre War Building

About This Home

As of August 2017

IMMEDIATE OCCUPANCY

BE A PART OF SOHO.OWN A PIECE OF HISTORY.

Every detail of the lofts at 25 Mercer has been lovingly refurbished, from the cast iron columns & exposed beams to the light filled windows. These features, combined with luxurious finishes, custom fixtures and soaring ceilings, reimagine Manhattan loft living for the 21st century.

Loft 2 possesses 2,900 s.f. of interior space, 380 s.f. of outdoor space, 3 bedrooms, 3 bathrooms, 1 powder room, and ceilings up to 12'6".

The apartment has wide white oak hardwood floors, imported natural stone, and marble throughout. The keyed elevator opens up to the unit's own private foyer, from which point one accesses the Great Room, Dining Room, and Kitchen. This large area has four massive East facing restored loft windows and integrated gas fireplace, whereas the Kitchen is outfitted with Gaggenau appliances, custom cabinetry, and a Dornbracht faucet.

The Master Bedroom possesses two large West facing loft windows, two exceptional walk-in closets, and private access to the Outdoor Terrace. The en-suite Master Bath has Vola faucets, a Toto commode, free-standing soaking tub, book-matched marble, and heated floors / towel rails.

In the Second and Third Bathrooms, which are en-suite, one finds Vola faucets, heated floors, and integrated lighting; the Powder Room has the same, with the addition of an imported marble vanity.

Some of the unit's other features include a 24-7 Virtual doorman, central AC with controls for each room, new dedicated boiler & mechanicals, and a utility room with washer and dryer. The apartment's tech can be digitally controlled by iPad, iPhone, or other mobile.

Built in 1867, 25 Mercer represents the architectural beauty of New York's elegant Gilded Age. Five exclusive residences, ranging from a townhouse, to lofts, to a penthouse, offer a modern interpretation of the classic Soho loft building, balancing perfectly restored cast iron detailing with sophisticated modern design. Close to dining, cafes, fashion, parks & play, retail, and arts & culture, this building within the fabled SoHo Cast Iron Historic District is one of the most desirable locations.

Last Agent to Sell the Property

Fredrik Eklund

Douglas Elliman Real Estate License #10301206888 Listed on: 06/01/2016

Douglas Elliman Real Estate

Co-Listed By

John Gomes

Douglas Elliman Real Estate License #30GO1052483

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,320

Year Built

  • Built in 1867 | Newly Remodeled

Lot Details

  • 6,186

HOA Fees

  • $1,605 Monthly HOA Fees

Home Design

  • 2,901 Sq Ft Home
  • Pre War Building
  • Entry on the 99th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • No Cooling

Community Details

  • Soho Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 230

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,320

Year Built

Built in 1867 | Newly Remodeled

Lot Details

0

HOA Fees

$1,605 per month

Listing Details

  • Cross Street: Canal/Grand
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SOHO
  • Architectural Style: Prewar
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2901.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1605.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Total Stories: 5
  • Year Built: 1867

Tax Info

  • Tax Block: 230
  • Tax Annual: 43320.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2016
Closed on
Aug 15, 2017
Sold by
West 22Nd Renewal Llc
Bought by
25 Mercer Soho Llc
Seller's Agent
Fredrik Eklund
Douglas Elliman Real Estate
List Price
$8,250,000
Sold Price
$8,000,000
Premium/Discount to List
-$250,000
-3.03%
Current Estimated Value
$6,731,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,268,988
Avg. Annual Appreciation
-2.09%

Purchase Details

Closed on
Nov 19, 2014
Sold by
Premier 25 Mercer Residential Llc
Bought by
West 22Nd Renewal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,210,933
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2014
Sold by
Eego 25-27 Mercer Fee Llc
Bought by
Premier 25 Mercer Residential Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,300,000
Interest Rate
4.26%
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
25 Mercer Soho Llc $8,146,000 --
West 22Nd Renewal Llc $14,750,000 --
Premier 25 Mercer Residential Llc $18,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West 22Nd Renewal Llc $2,210,933
Previous Owner Premier 25 Mercer Residential Llc $7,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $8,000,000 -3.0% $2,758 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
06/02/2016 06/02/16 For Sale $8,250,000 -- $2,844 / 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 $74,372 $594,879 $61,969 $532,910
2024 $74,372 $594,879 $72,931 $528,779
2023 $67,568 $584,969 $69,977 $514,992
2022 $71,488 $646,506 $72,931 $573,575
2021 $71,709 $646,506 $72,931 $573,575
2020 $67,512 $627,702 $72,931 $554,771
2019 $63,135 $583,128 $72,931 $510,197
2018 $59,023 $464,050 $69,642 $394,408
2017 $43,649 $429,676 $72,931 $356,745
2016 $219,613 $2,127,600 $416,547 $1,711,053
2015 $75,249 $1,813,500 $416,547 $1,396,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10062162

Real Estate Board of New York (REBNY)

APN: 0230-1402