Estimated payment $87,005/month
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
A private landscaped park with a pool right off your living room in the heart of 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 11+” ceilings, and featuring four bedrooms and three and a half bathrooms across 3,000+ square feet, the home seamlessly integrates the indoor and outdoor lifestyle with floor-to-ceiling windows and terrace access from every room. 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, 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. Additional highlights include custom walnut built-ins, handmade Belgium bronze hardware, private mud room and in-unit washer/dryer. A large storage unit transfers with the sale. 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 (separate fee), health club with a Pilates center, and a 50’ lap pool. Assessment equal to $1,769.21 through June 2026. Co-Exclusive with AA Management NYC.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $88,992
Year Built
- Built in 2005
HOA Fees
- $8,475 Monthly HOA Fees
Parking
- Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,006 Sq Ft Home
- Sauna
- Wood Flooring
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Wrap Around Porch
Utilities
- Central Air
- No Heating
Listing and Financial Details
- Legal Lot and Block 7506 / 00474
Community Details
Overview
- 41 Units
- Soho Subdivision
- 13-Story Property
Amenities
- Valet Parking
- Elevator
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $13,600,000 | 0.0% | $4,524 / Sq Ft |
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $4,325,000 | -- | |
| Deed | $4,325,000 | -- | |
| Deed | $3,250,000 | -- | |
| Deed | $3,250,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,437,500 | Purchase Money Mortgage |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20046233
APN: 0474-1507
- 20 Greene St Unit PH
- 10 Greene St Unit PENTHOUSE
- 31 Greene St Unit 1
- 35 Mercer St Unit 3W
- 22 Wooster St Unit PHN
- 75 Grand St Unit 3-E
- 75 Grand St Unit 4W
- 41 Greene St Unit 5
- 74 Grand St Unit 5
- 311 W Broadway Unit 2A
- 311 W Broadway Unit 3G
- 311 W Broadway Unit 5I
- 27 Wooster St Unit PH
- 27 Wooster St Unit 4A
- 325 W Broadway Unit 4B
- 325 W Broadway Unit 7B
- 325 W Broadway Unit PHE
- 46 Mercer St Unit 4-W
- 54 Greene St Unit 3A
- 46 Lispenard St Unit 5E
- 60 Mercer St
- 452 Broome St Unit 3W
- 450 Broome St Unit 3W
- 14 Wooster St
- 476 Broadway Unit 9-C
- 476 Broadway Unit 11-B
- 476 Broadway Unit 9-B
- 325 W Broadway
- 508 Broadway Unit ID1035013P
- 508 Broadway Unit ID1035011P
- 508 Broadway Unit ID1035001P
- 492 Broome St Unit 3
- 180 Lafayette St
- 383 W Broadway Unit 3
- 210 Lafayette St Unit 3E
- 210 Lafayette St Unit 7M
- 212 Lafayette St Unit FL3-ID1077
- 212 Lafayette St Unit FL2-ID705
- 395 Broadway Unit 10B
- 127 Spring St Unit ID1035010P