47 Mercer St Unit 2 New York, NY 10013
SoHo NeighborhoodEstimated Value: $7,194,000 - $11,643,376
3
Beds
2.5
Baths
4,000
Sq Ft
$2,009/mo
HOA Fee
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 2024An 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
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $57,552
Year Built
- Built in 1880
HOA Fees
- $2,009 Monthly HOA Fees
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
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%
Total Days on Market
77
Views
274
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,062,906
Avg. Annual Appreciation
-25.51%
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
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
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
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Aaron J Hsu Trust | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
-
Nick Gavin
Seller's Agent in 2024
Nick Gavin
Compass
(646) 610-3055
8 in this area
113 Total Sales
-
Lindsay Lyon
L
Seller Co-Listing Agent in 2024
Lindsay Lyon
Compass
(305) 582-1961
1 in this area
2 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10962542
APN: 0474-1202
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
Nearby Homes
- 461 Broome St Unit 4
- 72 Mercer St Unit 2W
- 491 Broadway Unit 8
- 470 Broome St Unit 4S
- 87 Mercer St Unit PENTHOUSEB
- 63 Greene St Unit PHA
- 63 Greene St Unit 4D
- 45 Greene St Unit PH
- 48 Mercer St Unit 6
- 46 Mercer St Unit 4-W
- 515 Broadway Unit 4-B
- 515 Broadway Unit 3A
- 106 Spring St Unit 5N
- 106 Spring St Unit 4N
- 519 Broadway
- 519 Broadway Unit PHC
- 56 Crosby St Unit 3A
- 80 Wooster St Unit 2R
- 40 Mercer St Unit 30
- 40 Mercer St Unit 9
- 47 Mercer St Unit 49
- 47 Mercer St Unit 49
- 47 Mercer St Unit 49
- 47 Mercer St Unit 2
- 47 Mercer St Unit PH
- 47 Mercer St Unit 5
- 47 Mercer St Unit 3 FL
- 47 Mercer St Unit 3rd Floor
- 47 Mercer St Unit PHA
- 47-49 Mercer St Unit 4
- 47-49 Mercer St Unit 2
- 47-49 Mercer St
- 47-49 Mercer St Unit B
- 47-49 Mercer St Unit 3
- 47-49 Mercer St Unit A
- 45 Mercer St
- 45 Mercer St Unit 4-FLR
- 51 Mercer St Unit 2
- 51 Mercer St Unit 1
- 45 Greene St Unit 6