$13,600,000

40 Mercer St Unit 7 New York, NY 10013

SoHo Neighborhood

Estimated payment $87,500/month

Total Views 4,347
4 Beds
3.5 Baths
3,006 Sq Ft
$4,524 Price per Sq Ft

Highlights

  • Valet Parking
  • 3-minute walk to Canal Street (N,Q,R Line)
  • Wood Flooring
  • P.S. 3 Charrette School Rated A
  • Sauna
  • 5-minute walk to Duarte Square

About This Home

A private landscaped park with a pool right off your living room in the heart of Soho. Enjoy unrivaled indoor/outdoor living in Penthouse 7 at 40 Mercer. With almost 1,600 square feet of beautifully landscaped outdoor space wrapping around two sides of the apartment, Penthouse 7 reimagines downtown luxury living. With 11+” ceilings, and featuring four bedrooms and three and a half bathrooms across 3,000+ square feet, the home seamlessly integrates the indoor and outdoor lifestyle with floor-to-ceiling windows and terrace access from every room. Privacy plantings, and a secure elevator managed by the concierge, create a discreet oasis in the heart of SoHo. Sunlit and dramatic, the 53.5’ great room transforms into an indoor and outdoor oasis through a one-of-a-kind sliding wall of windows to the wrap-around terrace. Truly a private park in the sky, the terrace is complete with a landscaped garden lined in mature Birch, Maple, and Royal Purple Smoke trees and a custom Endless Pool. Independent from the grand entertaining space, the custom Bulthaup kitchen features stainless steel cabinets, Thassos marble countertops and is outfitted with a suite of Miele and Gaggenau appliances. The main bedroom wing occupies the entire southwest corner of the Penthouse. The 24’ x 16’ primary suite has private access to the terrace and an entire dressing room with 12 custom closets. Serene and luxurious, the primary bathroom features heated floors, soaking tub, separate stall shower and Toto washlet. The additional three bedrooms are all generously proportioned; one is positioned as a separate suite on the northeast corner, perfect for guests. Additional highlights include custom walnut built-ins, handmade Belgium bronze hardware, private mud room and in-unit washer/dryer. A large storage unit transfers with the sale. The result of a masterful partnership between Andre Balazs and Pritzker Prize-winning architect Jean Nouvel, 40 Mercer is a 14 story, ultra-luxury, white glove condominium in prime Soho. Amenities include a 24 hour doorman and concierge, private garage with valet parking (separate fee), health club with a Pilates center, and a 50’ lap pool. Assessment equal to $1,769.21 through June 2026. Co-Exclusive with AA Management NYC.

Listing Agent

Nick Gavin

Compass License #40GA1149765 Listed on: 09/04/2025

Compass

Co-Listing Agent

Ugo Russino

Compass License #10401266425

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $88,992

Year Built

  • Built in 2005

HOA Fees

  • $8,475 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,006 Sq Ft Home
  • Sauna
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Wrap Around Porch

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 7506 / 00474

Community Details

Overview

  • 41 Units
  • Soho Subdivision
  • 13-Story Property

Amenities

  • Valet Parking
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$88,992

Year Built

Built in 2005

Lot Details

0

HOA Fees

$8,475 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SoHo
  • Entry Level: 1
  • Structure Type: Mixed Use
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Interior Features: Sauna, Walk-In Closet(s)
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3006.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: Wrap Around

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage, Valet

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 8475.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 106.920000x200.000000

Building Info

  • New Construction: No
  • Units: 41
  • Total Stories: 13
  • Year Built: 2005

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00474
  • Tax Lot: 7506
  • Tax Annual: 88992.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $43,925 $353,066 $25,009 $328,057
2024 $43,925 $351,344 $25,009 $326,335
2023 $42,698 $348,071 $25,009 $323,062
2022 $41,559 $345,176 $25,009 $320,167
2021 $40,251 $328,125 $25,009 $303,116
2020 $40,541 $363,271 $25,009 $338,262
2019 $39,095 $355,104 $25,009 $330,095
2018 $38,811 $342,697 $25,009 $317,688
2017 $29,614 $330,085 $25,008 $305,077
2016 $27,966 $293,335 $25,009 $268,326
2015 $9,480 $288,032 $25,008 $263,024
2014 $9,480 $271,582 $25,009 $246,573
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 For Sale $13,600,000 0.0% $4,524 / Sq Ft
11/30/2023 11/30/23 Rented $58,000 -9.4% --
11/03/2023 11/03/23 Under Contract -- -- --
10/26/2023 10/26/23 For Rent $64,000 -- --
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $4,325,000 --
Deed $4,325,000 --
Deed $3,250,000 --
Deed $3,250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,437,500 Purchase Money Mortgage
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20046233

Real Estate Board of New York (REBNY)

APN: 0474-1507