NOT LISTED FOR SALE

40 Mercer St Unit 40 New York, NY 10013

SoHo Neighborhood

Estimated Value: $6,097,067 - $7,628,000

3 Beds
4 Baths
2,706 Sq Ft
$4,587/mo HOA Fee

Last Sold June 12, 2014

Current estimated payment $46,556/month

154 Days on Market

Highlights

  • Built in 2006 | Newly Remodeled
  • 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 June 2014

TRULY SPECTACULAR UNOBSTRUCTED VIEWS in Soho's best building. VIEWS from the 14th floor of this triple mint home from floor to ceiling windows facing southeast, south, west and north---from the Freedom Tower to the Hudson River to the Empire State Building, the views from this residence are amongst the very best downtown. Sun-flooded all day long, and featuring 17' of retractable windows, this 14th floor residence in 15-story 40 Mercer has its own private landing with the elevator opening directly to the apartment. With three bedrooms, three and a half baths, laundry area, excellent closet space, built-in SONOS sound system, and 11' ceilings, all in perfect condition and exquisitely finished, this is one of the most exciting offerings in years. Incredibly located on cobblestoned, charming Mercer Street, Pritzker Prize winning "starchitect" Jean Nouvel's 40 Mercer combines progressive architecture with modern mechanical innovation. World-class amenities include a 24-hour doorman, concierge, underground parking providing direct access to the building, pool, sauna, steam room, jacuzzi, Roman & Williams designed state-of-the-art gym, landscaped courtyard, a rooftop terrace and an extraordinary art installation that makes 40 Mercer's one of Manhattan's most dramatic lobbies. CONTRACT SIGNED.

Last Agent to Sell the Property

Cathy Taub

Sothebys International Realty License #30TA0965648 Listed on: 12/10/2013

Sothebys International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,336

Year Built

  • Built in 2006 | Newly Remodeled

HOA Fees

  • $4,587 Monthly HOA Fees

Home Design

  • 2,706 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Community Details

  • 41 Units
  • 40 Mercer Street Condos
  • Soho Subdivision

Listing and Financial Details

  • Tax Block 38

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,336

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

HOA Fees

$4,587 per month

Listing Details

  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Soho
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

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

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4587.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Building Name: 40 MERCER STREET
  • Units: 41
  • Year Built: 2006

Tax Info

  • Tax Block: 38
  • Tax Annual: 21336.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2013
Closed on
Jun 11, 2014
Sold by
Gordon Jonathan and Gordon Susan
Bought by
40 Mercer Wilson Llc
Seller's Agent
Cathy Taub
Sothebys International Realty
List Price
$11,650,000
Current Estimated Value
$6,836,767

Purchase Details

Closed on
Jun 4, 2007
Sold by
Wxiv/Broadway Grand Realty Llc and Wxv/Broadway Grand Realty L L C
Bought by
Gordon Jonathan and Gordon Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
40 Mercer Wilson Llc $11,250,000 --
40 Mercer Wilson Llc $11,250,000 --
Gordon Jonathan $6,950,000 --
Gordon Jonathan $6,950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gordon Jonathan $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2014 06/12/14 Sold -- -- --
05/13/2014 05/13/14 Pending -- -- --
12/10/2013 12/10/13 For Sale $11,650,000 -- $4,305 / 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 $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 $66,527 $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

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10466266

Real Estate Board of New York (REBNY)

APN: 0474-1539