40 Mercer Street

40 Mercer Street is a condo located 40 Mercer Street, in SoHo, New York. The building was first built in 2005 and is 19 years old. The lot that the building was built on is 107 feet wide and 200 feet long. The official lot area is listed as 21,370 square feet. The building itself is 180 feet wide and 95 feet long. In total, 40 Mercer Street has a total floor area of 117,024 square feet. Of that, 85,498 square feet are used for residential purposes. About 31,526 square feet of the building are used for commercial purposes. Additionally, the building has a 22,187 square feet garage. There are a total of 47 units. Of those, 41 are residential units. There are 6 commercial units. 40 Mercer Street has a total of 13 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 3 elevators in 40 Mercer Street.

Interested in learning more about the building? 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! Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Alternatively, take a stroll around the building's garden. 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 116 closings on record, of which we have matching data for 12 listings. In the past 3 years, a listing in this building will typically remain on the market for about 130 days Meaning, listings tend to sell at a median of $3,141 price per square foot. The transaction that took the longest to complete was unit 40, listed on Dec 10, 2013 for $11,650,000. This particular unit ultimately sold 183 days later for $11,250,000. The most recent transaction was for unit 22, which was first advertised on Mar 15, 2023, sold for $3,815,000 on Jul 18, 2023. Fun fact, the oldest transaction we have on record took place on Dec 20, 1994. See the full transaction history for 40 Mercer Street below.

SoHo, where 40 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 $5,917,500. For interested buyers, that means the building's median asking price is around 3.95% 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 are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $7,950,000. It is a 2,206 sqft 2 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $3,200,000. It is a 1,222 sqft 1 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, 1 one-bedroom, 1 two-bedroom, 2 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $6,746,500. Collectively, the median square footage of these active units for sale is 2,288 sqft. Active units for sale at 40 Mercer Street are mostly 2.5-bedroom apartments Active units for sale at 40 Mercer Street have a median count of 2.5 bedrooms and have a median count of 3.5 bathrooms.