Landlord's Agent in 2024
Steven Kramer
Douglas Elliman Real Estate
(516) 445-5509
35 Total Sales
40 Mercer St Unit 12 New York, NY 10013
SoHo NeighborhoodEstimated Value: $3,103,000 - $4,195,000
2
Beds
2
Baths
1,415
Sq Ft
2007
Built
Highlights
- Concierge
- 3-minute walk to Canal Street (N,Q,R Line)
- Indoor Pool
- P.S. 3 Charrette School Rated A
- Steam Room
- 5-minute walk to Duarte Square
About This Home
As of March 2024Jean Nouvel's masterpiece at 40 Mercer is one of downtown's best buildings! With a lobby worthy of a museum, and a level of service that redefines urban luxury living, there is no comparison.
The apartment features floor-to-ceiling windows with motorized privacy shades throughout, 12-foot ceilings, top-of-the-line kitchen, washer/dryer, magnificent en-suite master bath, excellent closet space, and more.
Located on cobblestone Mercer Street in the heart of SoHo, 40 Mercer offers a unique hotel like experience with 24-hour doorman and concierge services, indoor valet parking, and rooftop terrace. Hotelier Andre Balazs has created a masterful M40 club for the residents with an indoor 50' T-shape lap pool, a fully equipped fitness center, steam room, sauna, and Jacuzzi. Surrounded by a wealth of fine boutiques and restaurants, this is downtown living at its finest.
Last Agent to Rent the Property
Douglas Elliman Real Estate License #10301206167 Listed on: 02/15/2024
Condo Details
Home Type
- Condominium
Year Built
- Built in 2007
Parking
- Garage
Home Design
- Entry on the 4th floor
Interior Spaces
- 1,415 Sq Ft Home
- City Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
- Washer Hookup
Additional Features
- Indoor Pool
- Cooling System Mounted In Outer Wall Opening
Listing and Financial Details
- Property Available on 4/1/24
- Legal Lot and Block 7506 / 00474
Community Details
Overview
- No Home Owners Association
- 40 Units
- High-Rise Condominium
- 40 Mercer Street Condos
- Soho Subdivision
- 14-Story Property
Amenities
- Concierge
- Rooftop Deck
- Courtyard
- Steam Room
- Sauna
- Children's Playroom
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 2, 2008
Sold by
Reddy Chenna B and Reddy Lalitha M
Bought by
Reddy Holdings A Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 5, 2007
Sold by
Wxiv/Broadway Grand Realty Llc
Bought by
Reddy Holdings A Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reddy Holdings A Llc | -- | -- | |
| Reddy Chenna B | -- | -- | |
| Reddy Holdings A Llc | $2,625,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Reddy Chenna B | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2024 03/20/24 | Rented | $15,000 | 0.0% | -- | |
| 03/04/2024 03/04/24 | Under Contract | -- | -- | -- | |
| 02/15/2024 02/15/24 | For Rent | $15,000 | +11.1% | -- | |
| 10/15/2021 10/15/21 | Rented | -- | -- | -- | |
| 09/15/2021 09/15/21 | Under Contract | -- | -- | -- | |
| 08/17/2021 08/17/21 | For Rent | $13,500 | -6.9% | -- | |
| 08/08/2019 08/08/19 | Rented | -- | -- | -- | |
| 07/09/2019 07/09/19 | Under Contract | -- | -- | -- | |
| 06/05/2019 06/05/19 | For Rent | $14,500 | -9.4% | -- | |
| 07/31/2017 07/31/17 | Rented | -- | -- | -- | |
| 07/01/2017 07/01/17 | Under Contract | -- | -- | -- | |
| 02/04/2017 02/04/17 | For Rent | $16,000 | 0.0% | -- | |
| 06/08/2015 06/08/15 | Rented | -- | -- | -- | |
| 05/09/2015 05/09/15 | Under Contract | -- | -- | -- | |
| 02/28/2015 02/28/15 | For Rent | $16,000 | 0.0% | -- | |
| 01/28/2015 01/28/15 | Sold | -- | -- | -- | View Prior Sale |
| 12/29/2014 12/29/14 | Pending | -- | -- | -- | |
| 12/06/2013 12/06/13 | Rented | -- | -- | -- | |
| 11/06/2013 11/06/13 | Under Contract | -- | -- | -- | |
| 10/11/2013 10/11/13 | For Rent | $15,000 | -16.7% | -- | |
| 03/28/2012 03/28/12 | Rented | -- | -- | -- | |
| 02/27/2012 02/27/12 | Under Contract | -- | -- | -- | |
| 12/08/2011 12/08/11 | For Rent | $18,000 | 0.0% | -- | |
| 02/29/2008 02/29/08 | For Sale | $7,995,000 | -- | $3,624 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $37,690 | $302,950 | $21,458 | $281,492 |
| 2024 | $37,690 | $301,473 | $21,458 | $280,015 |
| 2023 | $36,637 | $298,664 | $21,458 | $277,206 |
| 2022 | $35,660 | $296,180 | $21,458 | $274,722 |
| 2021 | $34,537 | $281,548 | $21,458 | $260,090 |
| 2020 | $34,786 | $311,706 | $21,458 | $290,248 |
| 2019 | $33,545 | $304,698 | $21,458 | $283,240 |
| 2018 | $33,302 | $294,052 | $21,458 | $272,594 |
| 2017 | $25,410 | $283,231 | $21,458 | $261,773 |
| 2016 | $23,997 | $251,697 | $21,458 | $230,239 |
| 2015 | $8,134 | $247,147 | $21,458 | $225,689 |
| 2014 | $8,134 | $233,033 | $21,458 | $211,575 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Kramer
-
Angelo Navarro
Seller's Agent in 2021
Angelo Navarro
Compass
(347) 681-9789
9 Total Sales
-
Rachel White
Seller Co-Listing Agent in 2019
Rachel White
Corcoran Group
(917) 572-3368
43 Total Sales
-
Toni Haber
Seller Co-Listing Agent in 2013
Toni Haber
Compass
(917) 543-1999
1 in this area
49 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10941948
APN: 0474-1512
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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