115 Mercer Street

115 Mercer Street is a condo located in SoHo, New York. The building was first built in 1872 and is 152 years old. It was first renovated and altered in 2004. The lot that the building was built on is 50 feet wide and 100 feet long. The official lot area is listed as 5,000 square feet. The building itself is 50 feet wide and 96 feet long. In total, 115 Mercer Street has a total floor area of 26,691 square feet. Of that, 19,961 square feet are used for residential purposes. About 6,730 square feet of the building are used for commercial purposes. There are a total of 10 units. Of those, 8 are residential units. There are 2 commercial units. 115 Mercer Street has a total of 7 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Residents who own pets will be happy to hear that the building is pet-friendly. There are 35 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 167 days Meaning, listings tend to sell at a median of $1,843 price per square foot. The transaction that took the longest to complete was unit 4B, listed on Jul 15, 2019 for $3,950,000. This particular unit ultimately sold 220 days later for $3,500,000. 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 Dec 23, 1986. See the full transaction history for 115 Mercer Street below.

SoHo, where 115 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 $3,683,750. For interested buyers, that means the building's median asking price is around 2.08% 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 $8,495,000. It is a 2,741 sqft 2-bedroom and 4-bathroom unit.