NOT LISTED FOR SALE

77 Mercer St Unit 5N New York, NY 10012

SoHo Neighborhood

Estimated Value: $2,768,000 - $3,659,000

2 Beds
2 Baths
1,864 Sq Ft
$1,197/mo HOA Fee

Last Sold November 28, 2023

Last sale price $3,225,000 $1,730 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $22,533/month

51 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Prince Street
  • High Ceiling
  • P.S. 3 Charrette School Rated A
  • 1 Fireplace
  • 4-minute walk to Lt. Peterosino Square

About This Home

As of November 2023

Residence 5N at 77 Mercer Street offers a unique and luxurious living experience in the heart of SoHo's historic Cast-Iron District in Downtown New York City. This two-bedroom, two-bathroom condominium loft is situated within a meticulously preserved building that dates back to 1876. The loft features a private and secure entrance through a key-locked elevator that opens directly into the home’s vestibule.

The main highlight of the residence is its expansive great room, which spans almost 24 feet and boasts 11-foot ceilings, maple hardwood flooring, and charming historic elements. Natural light floods the loft through three large 7-foot windows that face the eastern sky, creating an airy and inviting ambiance. The room also includes a functional wood-burning fireplace and exposed floor-to-ceiling wooden beams that pay homage to the area's rich history.

The open kitchen is a chef's dream, equipped with a vented industrial hood placed above a custom island featuring a Viking Professional gas range-top. The kitchen is adorned with white subway tile and top-of-the-line stainless steel appliances, including Sub-Zero and Viking Professional. A wine fridge and ample cabinetry add both style and functionality to the space.

A hallway, equipped with built-in storage, leads to two spacious west-facing bedrooms filled with natural light. Both bedrooms are fitted with CitiQuiet windows to ensure tranquility. The primary suite boasts an exposed brick wall, multiple spacious closets, and a vibrant bathhouse-inspired "spa" reminiscent of SoHo’s artistic roots. This unique retreat features a double-sink vanity, a mosaic wet-room, and a vintage cast-iron clawfoot soaking tub, all illuminated by a mesmerizing chandelier. The second bedroom offers a built-in desk, exposed wooden beams, and an adjacent bathroom adorned with gray slate tile and a glass-enclosed “halo” rain shower.

This residence also offers central air conditioning, in-unit laundry, a windowed bench spanning the width of the residence, art rails (for the avid collector) and well-designed built-ins and storage throughout. A private storage unit is included.

77 Mercer is a boutique residential loft condominium spanning six stories. The building's exterior has been meticulously conserved, preserving its historic charm. The structure is divided into two distinct portions, each with separate entrances equipped with video intercoms and secure key-locked elevators, ensuring residents' privacy and security.

Located along the cobblestone stretch of Mercer Street, the condominium is conveniently situated near some of Manhattan's most renowned boutiques and restaurants. The area offers a quintessential SoHo experience, combining the bustling city atmosphere with serene surroundings. The residence is also well-connected in terms of transportation, with close proximity to most subway lines, including 6, N, R, W, J, Z, A, C, and E, providing easy access to various parts of the city.

Please note the building does not allow dogs; however, cats are welcome.

Last Agent to Sell the Property

Heather Domi

Compass License #10301201132 Listed on: 08/28/2023

Compass

Co-Listed By

Alexa Lemieux

Compass License #10401371187

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,204

Year Built

  • Built in 1900

HOA Fees

  • $1,197 Monthly HOA Fees

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,864 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Wood Flooring
  • Intercom

Kitchen

  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Private Entrance
  • Central Heating and Cooling System

Community Details

  • 10 Units
  • Soho Subdivision
  • 6-Story Property

Listing and Financial Details

  • Legal Lot and Block 1020 / 00485

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,204

Year Built

Built in 1900

Lot Details

0

HOA Fees

$1,197 per month

Listing Details

  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: SoHo
  • Architectural Style: Loft
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Built-in Features, Double Vanity, Entrance Foyer, High Ceilings, Pantry, Recessed Lighting, Soaking Tub
  • Appliances: Double Oven, Dryer, Dishwasher, Gas Cooktop, Gas Oven, Range Hood, Stainless Steel Appliance(s), Wine Cooler, Washer
  • Equipment (Other): Intercom
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 1864.0
  • Living Area Units: Square Feet
  • Window Features: Double Pane Windows, Window Treatments

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Private Entrance

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, In Unit
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1197.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 50.000000x100.000000

Building Info

  • New Construction: No
  • Units: 10
  • Total Stories: 6
  • Year Built: 1900

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00485
  • Tax Lot: 1020
  • Tax Annual: 27204.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Nov 28, 2023
Sold by
77 Mercer 5 South Llc
Bought by
Sabima Llc
Seller's Agent
Heather Domi
Compass
List Price
$3,500,000
Sold Price
$3,225,000
Premium/Discount to List
-$275,000
-7.86%
Views
27
Current Estimated Value
$3,612,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,731
Avg. Annual Appreciation
0.53%

Purchase Details

Closed on
Oct 18, 2012
Sold by
77 Mercer Holding Llc
Bought by
Urses Rei Llc
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
Sabima Llc -- --
Sabima Llc $3,225,000 --
Urses Rei Llc $2,575,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $3,225,000 -7.9% $1,730 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $3,500,000 0.0% $1,878 / Sq Ft
07/20/2021 07/20/21 Rented -- -- --
06/20/2021 06/20/21 Under Contract -- -- --
06/02/2021 06/02/21 For Rent $9,750 +2.6% --
09/14/2017 09/14/17 Rented -- -- --
08/15/2017 08/15/17 Under Contract -- -- --
02/06/2017 02/06/17 For Rent $9,500 -- --
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 $27,996 $226,681 $35,829 $190,852
2024 $27,996 $223,936 $35,829 $188,107
2023 $27,213 $221,843 $35,829 $186,014
2022 $26,381 $220,290 $35,829 $184,461
2021 $24,646 $200,915 $35,829 $165,086
2020 $26,643 $223,930 $35,829 $188,101
2019 $25,838 $230,148 $35,829 $194,319
2018 $24,257 $202,811 $35,829 $166,982
2017 $23,073 $204,858 $35,829 $169,029
2016 $21,901 $206,299 $35,829 $170,470
2015 $8,112 $180,251 $35,829 $144,422
2014 $8,112 $173,237 $35,829 $137,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10947022

Real Estate Board of New York (REBNY)

APN: 0485-1020