NOT LISTED FOR SALE

40 Mercer St Unit 7 New York, NY 10013

SoHo Neighborhood

Estimated Value: $3,610,447 - $6,277,000

4 Beds
3.5 Baths
3,006 Sq Ft
2005 Built

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

As of November 2023

The best terrace in 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 10’8” ceilings, and featuring four bedrooms and three and a half bathrooms across 3,000+ square feet, the home seamlessly integrates indoor and outdoor lifestyle with floor-to-ceiling windows and convenient terrace access from each primary living space. 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, a 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 and/or staff.

Additional highlights include custom walnut built-ins, handmade Belgium bronze hardware, a private mud room and in-unit washer/dryer.

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 (for a separate fee), health club with a Pilates center, and a 50’ lap pool.

Last Agent to Rent the Property

Nick Gavin

Compass License #40GA1149765 Listed on: 06/16/2023

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,925

Year Built

  • Built in 2005

Parking

  • Garage

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Soaking Tub

Utilities

  • Central Air
  • No Heating

Additional Features

  • Terrace
  • Garden

Listing and Financial Details

  • Property Available on 9/15/23
  • Tax Block 00474

Community Details

Overview

  • No Home Owners Association
  • 41 Units
  • High-Rise Condominium
  • Soho Subdivision
  • 13-Story Property

Amenities

  • Valet Parking

Condo Details

Home Type

Condominium

Est. Annual Taxes

$43,925

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Available Date: 2023-09-15

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: SoHo
  • Entry Level: 1
  • Structure Type: High Rise
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Interior Features: Soaking Tub, Sauna, Walk-In Closet(s)
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3006.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

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

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Terrace

Garage/Parking

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

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, In Unit
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Association: No
  • 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

Tax Info

  • Tax Block: 00474
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2008
Sold by
Merchant Quarters Llc
Bought by
Ambrus Marc and Lamy Eric
Current Estimated Value
$5,021,987

Purchase Details

Closed on
Mar 27, 2007
Sold by
Wxiv/Broadway Grand Realty Llc and Wxv/Broadway Grand Realty Llc
Bought by
Merchant Quaters Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
6.24%
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
Ambrus Marc $4,325,000 --
Ambrus Marc $4,325,000 --
Merchant Quaters Llc $3,250,000 --
Merchant Quaters Llc $3,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambrus Marc $300,000
Open Ambrus Marc $544,685
Open Ambrus Marc $1,500,000
Previous Owner Merchant Quaters Llc $2,437,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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)

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 $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

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10919751

Real Estate Board of New York (REBNY)

APN: 0474-1507