NOT LISTED FOR SALE

40 Mercer St Unit 11 New York, NY 10013

SoHo Neighborhood

Estimated Value: $4,905,000 - $7,231,000

3 Beds
3.5 Baths
2,706 Sq Ft
$4,474/mo HOA Fee

Last Sold September 21, 2020

Last sale price $7,565,000 $2,796 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $43,041/month

Highlights

  • Garage
  • 3-minute walk to Canal Street (N,Q,R Line)
  • 5-minute walk to Duarte Square
  • P.S. 3 Charrette School Rated A
  • Laundry Facilities

About This Home

As of September 2020

Jean Nouvel's extraordinary testament to progressive architecture and modern engineering, 40 Mercer is indisputably downtown's best building. Discreetly-located on a cobblestone Mercer Street corner in the heart of Soho, the critically-acclaimed 40 Mercer is the best in residential living. Unsurpassed in services and luxury lifestyle, this full-service, boutique condo building has a doorman, live-in super, underground parking and a stunning art installation work that serves as New York's sexiest lobby. Add the visionary hotelier Andre Balazs' M40 spa exclusively for residents that includes a swimming pool, a sauna, a steam room, 12 person Jacuzzi, separate hot & cold showers, changing rooms and a state-of-the-art fitness center. Sun-flooded with South, East, North and West exposures, this high floor home boasts unprecedented SoHo views. It is a three bedroom, three bathroom plus a powder room, with high 11' ceilings, floor-to-ceiling windows and finishes that define luxury. Its most impressive feature is the floor-to-ceiling glass wall that opens to the outside creating an open terrace in your living space. 40 Mercer must be experienced to be appreciated.

Last Agent to Sell the Property

Adam Taylor

Compass License #10301206698 Listed on: 10/12/2020

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,056

Year Built

  • Built in 2006

HOA Fees

  • $4,474 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,706 Sq Ft Home
  • Entry on the 11th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Listing and Financial Details

  • Tax Block 474

Community Details

Overview

  • Soho Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,056

Year Built

Built in 2006

Lot Details

0

HOA Fees

$4,474 per month

Listing Details

  • Cross Street: Grand St/Broome St
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SoHo
  • Entry Level: 11
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 2706.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4474.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Year Built: 2006

Tax Info

  • Tax Block: 474
  • Tax Annual: 4056.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2013
Closed on
Jan 10, 2014
Sold by
Bernon Carol
Bought by
Mercer Tab Llc
List Price
$6,174,000
Sold Price
$6,174,000
Current Estimated Value
$6,331,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,829
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Apr 4, 2007
Sold by
Wxiv/Broadway Grand Realty Llc
Bought by
Bernon Carol
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
Mercer Tab Llc $6,174,000 --
Bernon Carol $4,450,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2022 05/11/22 Off Market $7,565,000 -- --
10/12/2020 10/12/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $7,565,000 0.0% $2,796 / Sq Ft
09/21/2020 09/21/20 Sold $7,565,000 +22.5% $2,796 / Sq Ft
01/10/2014 01/10/14 Sold $6,174,000 0.0% $2,605 / Sq Ft View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
05/25/2013 05/25/13 For Sale $6,174,000 -- $2,605 / 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 $63,130 $507,436 $35,944 $471,492
2024 $63,130 $504,961 $35,944 $469,017
2023 $62,542 $500,257 $35,944 $464,313
2022 $59,579 $496,095 $35,944 $460,151
2021 $57,850 $471,588 $35,944 $435,644
2020 $57,650 $522,102 $35,944 $486,158
2019 $56,187 $510,363 $35,944 $474,419
2018 $55,780 $492,531 $35,943 $456,588
2017 $42,562 $474,406 $35,944 $438,462
2016 $40,194 $421,588 $35,943 $385,645
2015 $9,083 $413,967 $35,944 $378,023
2014 $9,083 $390,324 $35,944 $354,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10899311

Real Estate Board of New York (REBNY)

APN: 0474-1511