NOT LISTED FOR SALE

72 Mercer St Unit PHE New York, NY 10012

SoHo Neighborhood

Estimated Value: $4,859,000 - $10,339,323

4 Beds
5 Baths
4,075 Sq Ft
$6,079/mo HOA Fee

Last Sold June 21, 2022

Last sale price $10,225,000 $2,509 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $56,591/month

242 Days on Market

Highlights

  • Balcony
  • 4-minute walk to Prince Street
  • 4-minute walk to Lt. Peterosino Square
  • P.S. 130 - Hernando De Soto Rated A

About This Home

As of June 2022

Prime triplex penthouse with a two-story private roof deck situated on one of the most desired cobblestone streets in SoHo.
The attention to detail and the exquisite workmanship featuring top of the line finishes and custom work throughout the Penthouse is astonishing. As soon as you enter through the private elevator landing, the grand living room with over 19' double height ceilings, oversized windows, and custom mahogany walls with a library on one end and a gas burning fireplace on the other, will take your breath away. In the main living room, above the fireplace, there is hidden remote controlled cinema screen, hidden speakers and a projector opposite the fireplace. Adjoining the living room and dining area, the kitchen features a Thermador 5-burner stove, Sub-Zero refrigerator, double Miele ovens, dishwasher, and a Sub-Zero wine fridge. There are Mahogany floors throughout the loft, and to match the floors there are Mahogany-stained American black walnut doors.
On the West side of the lower level, there are two bedrooms each featuring luxury custom crafted bunk beds with a shared balcony. A powder room with Nero Marquina tiles and antique mirror walling, as well as another full bathroom complete the fifth floor.
The sixth floor features a primary suite with outfitted closets and an en-suite bathroom with Carrara marble double sinks, heated towel racks, a freestanding Carrara bathtub and a mosaic floor made of Calcutta gold tiles and black Marquina dots with a honed finish. On the same level there is an additional media room open to below. The fourth bedroom is located on the seventh floor with a large walk-in closet and en-suite bathroom.
The center of the floors in the apartment are flooded with light from an overhead skylight that embraces the grand stairway leading to the rooftop terrace. The lower level outdoor terrace, clearing the roof levels of surrounding buildings, has a powder room, fire pit, a and a counter bar outfitted with a sink, fridge, ice maker, and Lynx grill. To complete the outdoor space there is a jacuzzi on the upper level. All which make for great entertaining.
PHE comes with an additional private storage in the building.
The modern boutique condominium is located on Mercer Street between Spring and Broome Streets and has only 8 apartments. Building amenities include full time concierge, fitness studio and private storage.

Last Agent to Sell the Property

Alexa Polachi

Douglas Elliman Real Estate License #10401284928 Listed on: 03/22/2021

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $101,028

Year Built

  • Built in 2006

HOA Fees

  • $6,079 Monthly HOA Fees

Home Design

  • 4,075 Sq Ft Home
  • Entry on the 7th floor

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Balcony

Community Details

  • 9 Units
  • Soho Subdivision
  • 7-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$101,028

Year Built

Built in 2006

Lot Details

0

HOA Fees

$6,079 per month

Listing Details

  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Soho
  • Entry Level: 7
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Living Area: 4075.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 6079.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 9
  • Total Stories: 7
  • Year Built: 2006

Tax Info

  • Tax Block: NA
  • Tax Annual: 101028.0

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 21, 2022
Sold by
Solstice Enterprises 2 Lp
Bought by
72Phe Mercer Llc
Seller's Agent
Alexa Polachi
Douglas Elliman Real Estate
List Price
$11,450,000
Sold Price
$10,225,000
Premium/Discount to List
-$1,225,000
-10.7%
Current Estimated Value
$7,721,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,503,981
Avg. Annual Appreciation
-9.46%
Original Mortgage
$6,135,000
Outstanding Balance
$5,836,460
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,405,981

Purchase Details

Closed on
Sep 2, 2011
Sold by
Moret Marc and % Henry P Bubel Esq Patterson Belknap Webb
Bought by
Solstice Enterprises 2 L P

Purchase Details

Closed on
Mar 30, 2011
Sold by
501 Broadway Llc and 501 Broadway Partners Llc
Bought by
Solstice Enterprises Company S A

Purchase Details

Closed on
Apr 18, 2008
Sold by
501 Broadway Partners Llc
Bought by
Solstice Enterprises Company S A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
72Phe Mercer Llc $10,225,000 --
Solstice Enterprises 2 L P -- --
Solstice Enterprises 2 Gp S A -- --
Moret Marc -- --
Solstice Enterprises Company S A -- --
Solstice Enterprises Company S A $6,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 72Phe Mercer Llc $6,135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $10,225,000 -10.7% $2,509 / Sq Ft
05/16/2022 05/16/22 For Sale $11,450,000 +12.0% $2,810 / Sq Ft
02/08/2022 02/08/22 Off Market $10,225,000 -- --
09/09/2021 09/09/21 For Sale $12,450,000 -- $3,055 / 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 $118,785 $974,091 $64,994 $909,097
2024 $118,785 $950,127 $95,677 $899,412
2023 $107,919 $937,363 $60,040 $877,323
2022 $112,627 $1,618,151 $95,677 $1,522,474
2021 $109,120 $1,754,691 $95,677 $1,659,014
2020 $107,446 $1,883,180 $95,677 $1,787,503
2019 $106,157 $1,592,660 $95,677 $1,496,983
2018 $86,330 $832,485 $60,012 $772,473
2017 $80,056 $770,820 $62,848 $707,972
2016 $62,915 $770,820 $69,312 $701,508
2015 -- $746,931 $71,106 $675,825
2014 -- $691,603 $54,850 $636,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10778417

Real Estate Board of New York (REBNY)

APN: 0484-1009