The Museum Building

The Museum Building is a condo located 11 Mercer Street, in SoHo, New York. The building was first built in 1870 and is 154 years old. The official lot area is listed as 5,675 square feet. In total, 11 Mercer Street has a total floor area of 22,513 square feet. Of that, 14,936 square feet are used for residential purposes. About 7,577 square feet of the building are used for commercial purposes. There are a total of 8 units. Of those, 6 are residential units. There are 2 commercial units. 11 Mercer Street has a total of 5 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Both dogs and cats are allowed in the building! There are 47 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 280 days and tend to sell below the original asking price of $6,072,500 by 6.09%. Meaning, listings tend to sell at a median of $1,463 price per square foot. The transaction that took the longest to complete was unit 3A, listed on May 13, 2021 for $6,995,000. This particular unit ultimately sold 308 days later for $6,000,000. The most recent transaction was for unit MULTIPLE, sold for $18,400,100 on Oct 26, 2022. Fun fact, the oldest transaction we have on record took place on Aug 25, 1997. See the full transaction history for The Museum Building below.

SoHo, where 11 Mercer Street is located, has a median asking price of $2,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $6,072,500. For interested buyers, that means the building's median asking price is around 4.08% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,999,000. It is a 3,850 sqft studio-bedroom and 1-bathroom unit.