25 Mercer Street

25 Mercer Street is a condo located in SoHo, New York. The building was first built in 1880 and is 144 years old. The lot that the building was built on is 62 feet wide and 100 feet long. The official lot area is listed as 6,185 square feet. The building itself is 62 feet wide and 98 feet long. In total, 25 Mercer Street has a total floor area of 26,002 square feet. Of that, 16,570 square feet are used for residential purposes. About 9,432 square feet of the building are used for commercial purposes. There are a total of 7 units. Of those, 5 are residential units. There are 2 commercial units. 25 Mercer Street has a total of 5 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. Better yet, washer and dryers are allowed in each unit. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 21 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 346 days Meaning, listings tend to sell at a median of $4,023 price per square foot. The transaction that took the longest to complete was unit PH, listed on Apr 05, 2016 for $17,500,000. This particular unit ultimately sold 346 days later for $17,310,400. The most recent transaction was for unit 2, sold for $8,146,000 on Aug 15, 2017. Fun fact, the oldest transaction we have on record took place on Jun 13, 1967. See the full transaction history for 25 Mercer Street below.

SoHo, where 25 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 $17,500,000. For interested buyers, that means the building's median asking price is around 13.64% 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 $18,495,000. It is a 4,350 sqft 4-bedroom and 5-bathroom unit.