NOT LISTED FOR SALE

40 Mercer St Unit 39 New York, NY 10013

SoHo Neighborhood

Estimated Value: $4,778,000 - $7,740,000

2 Beds
2.5 Baths
2,206 Sq Ft
$5,000/mo HOA Fee

Last Sold May 09, 2023

Last sale price $7,900,000 $3,581 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $45,055/month

71 Days on Market

Highlights

  • Rooftop Deck
  • 3-minute walk to Canal Street (N,Q,R Line)
  • New Windows
  • P.S. 3 Charrette School Rated A
  • City View
  • 5-minute walk to Duarte Square

About This Home

As of May 2023

This stunning 2200+ SF corner penthouse-level apartment, with its private front and back doors, is in the most sought-after condominium in the SoHo Historic District. It exudes modern luxury and elegance with caring 24-hour concierge service and unparalleled views of Downtown Manhattan.

While currently configured as a huge owner bedroom suite and a separate private home office suite, one could easily make it into a three bedroom home plus two bathrooms and a powder room. Throughout the apartment the high ceilings (11') and lofty proportions emphasize the floor-to-ceiling windows, open living room and dining room and allow majestic sunlight all day long. Unique to 40 Mercer, the south window wall in the living area electronically slides open at the touch of a button to the outside and creates one's very own loggia. Additional exposures to the east and north offer unique SoHo views including glimpses of both the Hudson and East Rivers.

The magnificence of the apartment is found in the breath-taking nighttime views of Downtown Manhattan with its glowing Woolworth Historic Building and other landmark buildings. Being located in the SOHO-Cast Iron Historic District, these spectacular views are forever.

The chef's kitchen is tucked away but accessible and includes Poggenpohl cabinetry (top-of-the-line finishes with stainless pull-out workstation), Gaggenau, Miele, and Subzero stainless-steel appliances (dishwasher, wine refrigerator, freezer/refrigerator, double ovens, gas six-burner cooktop, disposal).

Custom enhancements include electric solar shades, surround sound and Crestron system. A generous private basement storage room offers additional square footage.

Thoughtfully and flawlessly customized, the master bedroom suite has a wall of closets and a beautiful custom walk-in closet. A luxurious master bathroom features heated marble floors, a dual white oak and walnut vanity, Lefroy Brooks fixtures, towel warmers, extra-long soaking tub and a glass enclosed shower.

Luxurious Toto bath fixtures in the guest bedroom suite and powder room include bidets, heated seats and hands-free auto-flush systems.

The residence, the closest to a private home one can find in a totally protected condominium, is ready for move-in. It can be purchased fully furnished, with its stunning Christian Liaigre furnishings and accessories, vintage rugs and everything from heavy-duty Maytag washer/dryer and Miele vacuum cleaner to bed and bath linens, cooking utensils, small appliances and sparkling glass and dinnerware.

Designed and developed by Andre Balazs and Jean Nouvel, 40 Mercer is a masterful creation of unsurpassed modern luxury with only 40 ultra-private residences. It won the 'Best Condominium Design' award in New York City for its minimalist, contemporary steel and glass architecture and spectacular facade of Nouvel's signature red and blue glass windows.

With one of the most exquisite lobby experiences in Manhattan, its 15 stories (13 residence floors, mezzanine spa/gym and underground parking) comprise cutting edge design, unparalleled white glove service and rich condominium living, including 24-hour concierge, live-in super, valet on-site and private parking garage. The spa and landscaped rooftop terrace suggest the opulence of a five-star resort hotel.

The spa, exclusively for residents, offers a swimming pool, sauna, steam room, whirlpool bath, massage room, changing rooms, hot and cold showers, lounging furniture and the best residential fitness center in Manhattan(with everything from boxing to Pilates equipment). Truly a transformational experience, one is removed and insulated from the hustle and bustle of New York City.

40 Mercer is an enviable living destination for the most discerning that prides itself in its utmost privacy, discretion and luxuriousness for its privileged residents.

40 Mercer is a 15 story full service condominium with a 24/7 doorman, concierge, underground parking, pool, sauna, Healthclub, landscaped courtyard and rooftop garden. Co-exclusive, we will be delighted to show it to you.

Co-Listed By

Fabienne Lecole

Compass License #30LE0862354

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $55,596

Year Built

  • Built in 2006

HOA Fees

  • $5,000 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 12th floor

Interior Spaces

  • 2,206 Sq Ft Home
  • New Windows
  • Entrance Foyer
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7506 / 474

Community Details

Overview

  • Soho Subdivision
  • 14-Story Property

Amenities

  • Rooftop Deck
  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$55,596

Year Built

Built in 2006

Lot Details

0

HOA Fees

$5,000 per month

Listing Details

  • Cross Street: Grand Street/Broome Street
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Soho
  • Entry Level: 12
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 2206.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Garden, Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5000.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 14
  • Year Built: 2006

Tax Info

  • Tax Block: 474
  • Tax Lot: 7506
  • Tax Annual: 55596.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2022
Closed on
May 9, 2023
Sold by
Bathaus Ltd
Bought by
Pomme Des Anges Llc
List Price
$8,495,000
Sold Price
$7,900,000
Premium/Discount to List
-$595,000
-7%
Views
58
Current Estimated Value
$6,631,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,268,667
Avg. Annual Appreciation
-6.98%

Purchase Details

Closed on
Feb 17, 2022
Sold by
Arthur World Ny Inc
Bought by
Bathaus Ltd

Purchase Details

Closed on
Nov 30, 2010
Sold by
Borrok Andrew
Bought by
Arthur World Ny Inc

Purchase Details

Closed on
May 13, 2008
Sold by
Kasen Scott
Bought by
Borrok Andrew

Purchase Details

Closed on
Jul 12, 2007
Sold by
Wxiv/Broadway Grand Realty Llc and Wxv/Broadway Grand Realty Llc
Bought by
Kasen Scott G

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
6.78%
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
Pomme Des Anges Llc $7,900,000 --
Bathaus Ltd $7,800,000 --
Arthur World Ny Inc $7,150,000 --
Arthur World Ny Inc $7,150,000 --
Borrok Andrew $7,425,000 --
Borrok Andrew $7,425,000 --
Kasen Scott G $5,275,000 --
Kasen Scott G $5,275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kasen Scott G $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2023 05/09/23 Sold $7,900,000 -7.0% $3,581 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
11/30/2022 11/30/22 For Sale $8,495,000 0.0% $3,851 / Sq Ft
11/30/2022 11/30/22 Off Market $8,495,000 -- --
11/28/2022 11/28/22 For Sale $8,495,000 0.0% $3,851 / Sq Ft
02/18/2021 02/18/21 Rented -- -- --
11/12/2019 11/12/19 For Rent $17,000 -- --
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 $58,762 $472,322 $33,457 $438,865
2024 $58,762 $470,018 $33,457 $436,561
2023 $57,120 $465,639 $33,457 $432,182
2022 $55,597 $461,766 $33,457 $428,309
2021 $53,545 $438,954 $33,457 $405,497
2020 $53,370 $485,973 $33,457 $452,516
2019 $52,005 $475,046 $33,457 $441,589
2018 $51,624 $458,449 $33,457 $424,992
2017 $39,617 $441,577 $33,456 $408,121
2016 $37,413 $392,415 $33,457 $358,958
2015 $8,454 $385,321 $33,457 $351,864
2014 $8,454 $363,313 $33,456 $329,857
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10849745

Real Estate Board of New York (REBNY)

APN: 0474-1538