NOT LISTED FOR SALE

47 Mercer St Unit 2 New York, NY 10013

SoHo Neighborhood

Estimated Value: $6,429,000 - $9,862,935

3 Beds
2.5 Baths
4,000 Sq Ft
$2,009/mo HOA Fee

Last Sold April 01, 2024

Last sale price $11,500,000 $2,875 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $48,500/month

77 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Canal Street (N,Q,R Line)
  • High Ceiling
  • P.S. 3 Charrette School Rated A
  • 1 Fireplace
  • 5-minute walk to Lt. Peterosino Square

About This Home

As of April 2024

An audacious masterpiece, finished to a quality unlike anything on the market, Residence 2 at 47 Mercer Street is a once-in-a-generation, sumptuous home, whose qualities may only be distilled into one word: perfection. Spanning 4000 square feet with almost 50 feet of frontage over prime Mercer Street, Residence 2 was reimagined by Maurizio Bianchi Mattioli of Studio MBM; its completion was recently featured in Architectural Digest. With two luxe bedroom suites, a third smaller bedroom, and a media room/library, this is a grand and versatile home. Enormous eastern and western exposures let in incredible light, and 13-foot ceilings, punctuated by original Corinthian-style columns, allow it to shine throughout the home. The result is exquisitely SoHo: a historic loft, updated to the pinnacle of design, in a private cast iron building.

Enter through the private keyed elevator into the great room. The entire home was designed to display an incredible art and furniture collection. The centerpiece of this 48-foot-wide loft is an enormous and versatile space of over 1,500 square feet, with room for multiple sitting configurations, countless art pieces of every size, dining for 14, and entertaining for dozens. The home has 12 inch-wide french white oak floors, each plank 9- to 15-feet long. The columns and the coffered ceiling provide texture and drama. A double-wide Carrera marble gas fireplace creates intimacy, while the monumental windows breathe life into the space. A media room/library, adjacent to the great room, includes charcoal lacquered built-in bookshelves on two sides, making a cozy, more private space for relaxing or reading. Both the media room and the great room have surround-sound speakers by Crestron, providing a concert-quality listening experience; in the media room, it is an immersive surround sound. At Residence 2, large spaces are left bright and open, while smaller areas are finished with darker colors, creating pockets of warmth among the sprawling home.

Designed by Boffi, the kitchen is right off the great room; every level of finish and appliance is the highest quality. Furnished with appliances from Wolf and Subzero, including a double-wide wine fridge and an ice maker, the kitchen includes black cosmic granite throughout, lighted floating shelves, an eat-in island and prep area, and oversized refrigerator and freezer.

The bedroom suites occupy the west wing of the loft. The principal suite was built as a quiet sanctuary. The walls are finished with Venetian plaster, forest green carpet lines the floors, and the Roman shades are made of a linen and horse hair weave. The entire bedroom suite, including the dressing room and the bathroom, also features hidden surround-sound speakers by Crestron built into the ceiling. The dressing room is an enclave in and of itself, matching the bedroom in size and offering black stained teak built-ins and a center island, along with custom Studio MBM lighting.

The principal bathroom is reminiscent of a hotel spa. It’s lined by gray quartzite with brass accents, and has a Brutalist design without sacrificing warmth. Light from the window complements the gray stone, which adds texture to the vanity and is customized to hide bathroom paraphernalia. Other luxe customizations include heated floors, integrated lighting, a steam shower, and an automated Toto toilet.

The second bedroom suite features a large closet and an en-suite bathroom. The third bedroom is a flexible and functional space, serving either as a walk-in closet for the second bedroom, a nursery, an office, or a small art studio.

Residence 2 is wired throughout with a state-of-the-art Crestron smart home system controlling the surround-sound speakers, shades, HVAC, and lighting. The home includes a laundry room with washer/dryer, a powder room for guests, and a customized storage system by Boffi in the foyer.

Built in 1872 as a factory for the Rocco Revival cabinetmaker Alexander Roux, and converted to c

Last Agent to Sell the Property

Nick Gavin

Compass License #40GA1149765 Listed on: 09/12/2023

Compass

Co-Listed By

Lindsay Lyon

Compass License #10401312139

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $57,552

Year Built

  • Built in 1880

HOA Fees

  • $2,009 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,000 Sq Ft Home
  • Sound System
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • 5 Units
  • Soho Subdivision
  • 7-Story Property

Listing and Financial Details

  • Legal Lot and Block 1202 / 00474

Property Details

Home Type

Condominium

Est. Annual Taxes

$57,552

Year Built

Built in 1880

Lot Details

0

HOA Fees

$2,009 per month

Listing Details

  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SoHo
  • Entry Level: 1
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Built-in Features, High Ceilings, Recessed Lighting, Sound System, Walk-In Closet(s)
  • Appliances: Washer
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 4000.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: In Unit, See Remarks
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2009.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 50.170000x100.000000

Building Info

  • New Construction: No
  • Units: 5
  • Total Stories: 7
  • Year Built: 1880

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00474
  • Tax Lot: 1202
  • Tax Annual: 57552.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Apr 1, 2024
Sold by
Vultaggio Wesley
Bought by
Soho Dojo Casa House Llc
Seller's Agent
Nick Gavin
Compass
List Price
$13,750,000
Sold Price
$11,500,000
Premium/Discount to List
-$2,250,000
-16.36%
Views
274
Current Estimated Value
$7,858,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,641,266
Avg. Annual Appreciation
-20.28%

Purchase Details

Closed on
Nov 25, 2008
Sold by
Aaron J Hsu As Trustee and The Aaron J Hsu Trust
Bought by
Vultaggio Wesley

Purchase Details

Closed on
Dec 16, 2003
Sold by
Dl Mercer Inc and % Davies Ward Phillips & Vineberg Llp
Bought by
Hsu Aaron J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Soho Dojo Casa House Llc $11,500,000 --
Soho Dojo Casa House Llc $11,500,000 --
Vultaggio Wesley $6,000,000 --
Vultaggio Wesley $6,000,000 --
Hsu Aaron J $2,800,000 --
Hsu Aaron J $2,800,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2024 04/01/24 Sold $11,500,000 -8.0% $2,875 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
11/03/2023 11/03/23 Price Changed $12,500,000 -9.1% $3,125 / Sq Ft
10/26/2023 10/26/23 For Sale $13,750,000 -- $3,438 / 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 $61,840 $494,642 $23,935 $470,707
2024 $61,840 $494,642 $51,136 $474,669
2023 $57,555 $469,182 $22,734 $446,448
2022 $43,851 $1,143,238 $51,136 $1,092,102
2021 $49,344 $1,345,027 $51,136 $1,293,891
2020 $39,154 $1,443,520 $51,136 $1,392,384
2019 $39,590 $1,220,815 $51,136 $1,169,679
2018 $45,904 $360,909 $18,141 $342,768
2017 $59,457 $334,176 $18,997 $315,179
2016 $39,891 $309,423 $19,400 $290,023
2015 $14,244 $292,688 $19,427 $273,261
2014 $14,244 $292,688 $16,185 $276,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10962542

Real Estate Board of New York (REBNY)

APN: 0474-1202