NOT LISTED FOR SALE

40 Mercer St Unit 32 New York, NY 10013

SoHo Neighborhood

Estimated Value: $5,748,000 - $7,833,226

3 Beds
3.5 Baths
2,706 Sq Ft
$5,500/mo HOA Fee

Last Sold March 28, 2024

Last sale price $9,000,000 $3,326 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $48,488/month

690 Days on Market

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 2024

Tenant in place until 12/31/22. Perched high above all of downtown Manhattan, modern luxury and elegance are found throughout this stunning 2,700 square foot 3 bed, 3.5 bath corner lofty apartment.

Spectacular unobstructed views in Soho's best building. Enter by ascending to the ninth floor via the east wing elevator and revel in the expansive breathtaking views of downtown Manhattan's striking skyline.

With 11' ceilings and grand proportions, the open living and dining room streams with sunlight from the southern and western exposures. A truly one-of-a kind technology allows the 17' south window wall in the dining area to electronically slide open entirely to the outside and creates your very own loggia. The stunning 48+ ft long living space leads to three oversized winged bedroom suites.

The apartment has been thoughtfully and seamlessly customized by Nathan Litera, a French designer. The Master bedroom includes custom made cabinetry, a walk in closet and a luxurious windowed master bath that features Calcutta marble slab floors with timer-controlled radiant heat, dual vanity made of white oak and walnut, Starphire glass countertop accented by Lefroy Brooks fixtures, 6' soaking tub and separate glass enclosed shower. The second bedroom with en-suite bathroom features beautiful built-in cabinetry and shelving.

The kitchen has been completely redesigned and includes Paonazzo marble countertops and carved stone sink, smoky mirror backsplash, and a combination of gold leafing and dark anthracite Marmorino customized cabinetry.

The kitchen comes with Gaggenau, Miele, wine cooler and Subzero stainless steel appliances. Custom enhancements include a sound system and electronic solar and blackout shades throughout. This wonderful home is truly turn-key and can be purchased with furniture. 40 Mercer Residences is the most exciting new development in downtown Manhattan.

40 Mercer is a full service, white glove building located on a quiet cobblestone street in the premier Soho. A collaboration between hotel visonaire Andre Balazs and famed architect Jean Nouvel to build this extraordinary testament to modern luxury, elegance, progressive architecture, and ingenious engineering. This stunning new 14-story building offers magnificent glass curtain walls with a rhythm of panes in vibrant hues of red and blue. As one would expect, these unparalleled residences come complete with all the concierge services necessary for the most adventuresome and sophisticated lifestyles. The building offers the most discerning buyer utmost luxury with a 24 hour attended lobby, landscaped courtyard, rooftop garden, underground parking providing direct access to the building, a state of the art gym and spa center featuring a 50 foot T-shaped lap pool, steam room and sauna.

Last Agent to Sell the Property

Rachel Bakhchi

Douglas Elliman Real Estate License #10401204432 Listed on: 12/07/2023

Douglas Elliman Real Estate

Co-Listed By

Alexander Boriskin

Douglas Elliman Real Estate License #10401262789

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $68,376

Year Built

  • Built in 2007

HOA Fees

  • $5,500 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 32nd floor

Interior Spaces

  • 2,706 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Additional Features

  • Indoor Pool
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 7506 / 00474

Community Details

Overview

  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$68,376

Year Built

Built in 2007

Lot Details

0

HOA Fees

$5,500 per month

Listing Details

  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SoHo
  • Entry Level: 32
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 2706.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard, Building Roof Deck, None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building None, Building Washer Dryer Install Allowed, In Unit
  • Green Building Features: Common Playroom, Concierge, Green Building, Indoor Pool, Sauna, Steam Room
  • Cooling: Wall Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5500.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 40 MERCER STREET
  • Community Features: Sauna
  • Units: 40
  • Spa Features: Sauna
  • Total Stories: 14
  • Year Built: 2007

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00474
  • Tax Lot: 7506
  • Tax Annual: 68376.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Mar 28, 2024
Sold by
40 M New York Inc
Bought by
Rokos Christopher
Seller's Agent
Rachel Bakhchi
Douglas Elliman Real Estate
List Price
$9,500,000
Sold Price
$9,000,000
Premium/Discount to List
-$500,000
-5.26%
Current Estimated Value
$6,968,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,031,693
Avg. Annual Appreciation
-15.13%

Purchase Details

Closed on
Oct 24, 2013
Sold by
Simian Trust
Bought by
40 M New York Inc and Stanford Trustee Nijel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2007
Sold by
Wxiv/Broadway Grand Realty Llc and Wxv Broadway Grand Realty Llc
Bought by
Cooney John P and Cooney Lizbeth
Source: Public Records

Range of Values:

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Average Value
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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
Rokos Christopher $9,000,000 --
Rokos Christopher $9,000,000 --
40 M New York Inc $9,450,000 --
40 M New York Inc $9,450,000 --
Simian Trust -- --
Cooney John P $5,931,306 --
Cooney John P $5,931,306 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 40 M New York Inc $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $9,000,000 0.0% $3,326 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
01/04/2023 01/04/23 Off Market $9,000,000 -- --
01/01/2023 01/01/23 Off Market $30,000 -- --
10/03/2022 10/03/22 Rented $30,000 -6.3% --
09/19/2022 09/19/22 Price Changed $32,000 -17.9% $12 / Sq Ft
06/30/2022 06/30/22 For Rent $39,000 0.0% --
01/13/2022 01/13/22 For Sale $9,500,000 0.0% $3,511 / Sq Ft
02/18/2021 02/18/21 Rented -- -- --
01/04/2021 01/04/21 For Rent -- -- --
10/01/2020 10/01/20 Off Market -- -- --
06/09/2020 06/09/20 For Rent $22,000 -- --
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 $72,081 $579,382 $41,040 $538,342
2024 $72,081 $576,557 $41,040 $535,517
2023 $70,067 $571,186 $41,040 $530,146
2022 $68,199 $566,434 $41,040 $525,394
2021 $66,052 $538,452 $41,040 $497,412
2020 $65,820 $596,128 $41,040 $555,088
2019 $64,154 $582,724 $41,040 $541,684
2018 $63,690 $562,365 $41,040 $521,325
2017 $48,597 $541,670 $41,040 $500,630
2016 $45,893 $481,363 $41,040 $440,323
2015 $10,371 $472,661 $41,039 $431,622
2014 $10,371 $445,666 $41,039 $404,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10945370

Real Estate Board of New York (REBNY)

APN: 0474-1531