NOT LISTED FOR SALE

40 Mercer St Unit 20 New York, NY 10013

SoHo Neighborhood

Estimated Value: $3,427,995 - $4,202,000

2 Beds
2 Baths
1,415 Sq Ft
2005 Built

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

About This Home

As of December 2018

40 Mercer Residences has been the best of the best condos in Soho of downtown Manhattan. This 1400sf + loft like apartment is a 2 bedroom 2 baths luxury home. It features 11ft ceilings, wall of windows onto Broadway affording tremendous light, air and energy. 40 Mercer is a collaboration between Andre Balazs and famed architect Jean Novel to build this extraordinary testament to modern luxury, elegance, progressive architecture, and ingenious engineering in Downtown Soho. This stunning building offers magnificent glass curtain walls with a rhythm of panes in vibrant hues of red and blue. The building also offers a dramatic 24-hour attended lobby with a soaring 30 Ft. high ceiling, landscaped courtyard and rooftop gardens. Underground valet parking, Sohos most prized amenity, is available to all residents, a private club and bath house featuring a 50-foot T-shaped lap pool, a steam room, sauna, spa-jet pool and a fully equipped fitness center.NO PET allowed. 24 hours showing notice required.

Last Agent to Rent the Property

Wing Fong

Douglas Elliman Real Estate License #30FO0962301 Listed on: 10/10/2018

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2005

Parking

  • Garage

Home Design

  • 1,415 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling

Community Details

  • 41 Units
  • 40 Mercer Residences Condos
  • Soho Subdivision
  • 14-Story Property

Listing and Financial Details

  • Property Available on 10/10/18
  • Tax Block 474

Condo Details

Home Type

Condominium

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Available Date: 2018-10-10

Listing Details

  • Cross Street: Broome & Grand Streets
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: SOHO
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1415.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: 40 Mercer Residences
  • Units: 41
  • Total Stories: 14
  • Year Built: 2005

Tax Info

  • Tax Block: 474

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2022
Sold by
Joseph Liran Jeng Trustee and Marrina Chwan-Ji Jeng Trustee
Bought by
Shames Jeffrey
Current Estimated Value
$3,788,499

Purchase Details

Closed on
Aug 31, 2012
Sold by
Jeng Joseph L and Jeng Marrina C
Bought by
Jeng Family Trust and Jeng Trustee Joseph Liran

Purchase Details

Closed on
Mar 19, 2007
Sold by
Wxiv/Broadway Grand Realty Llc
Bought by
Jeng Joseph L and Jeng Marrina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,062,500
Interest Rate
6.33%
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
Shames Jeffrey $3,800,000 --
Jeng Family Trust -- --
Jeng Family Trust -- --
Jeng Joseph L $2,750,000 --
Jeng Joseph L $2,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeng Joseph L $2,062,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Rented -- -- --
11/21/2018 11/21/18 Under Contract -- -- --
10/11/2018 10/11/18 For Rent $13,500 -- --
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 $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 $35,570 $296,180 $21,458 $274,722
2021 $34,537 $281,548 $21,458 $260,090
2020 $34,418 $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

  • W

    Landlord's Agent in 2018

    Wing Fong

    Douglas Elliman Real Estate

    (212) 965-6009

    5 Total Sales

    Wing Fong
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10508155

Real Estate Board of New York (REBNY)

APN: 0474-1519

New York New York County New York 10013 SoHo

40 Mercer St Unit 20, New York, NY

Not Listed for Sale

Condos

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