40 Mercer St #39

Condo in SoHo
In Contract
 for Sale at 40 Mercer Street, New York, NY 10013

25

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 for Sale at 40 Mercer Street, New York, NY 10013
 for Sale at 40 Mercer Street, New York, NY 10013
 for Sale at 40 Mercer Street, New York, NY 10013
$8,495,000
2
Beds
2.5
Baths
1
Half Bath
2,206
Ft²
$3,851
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
-0.62%
Est. Monthly
$51,345
This stunning  2200+ SF corner penthouse-level apartment, with its private front and back doors, is in the most sought-after condominium in the SoHo Historic District. It exudes modern luxury and elegance with caring 24-hour concierge service and unparalleled views of Downtown Manhattan.

While currently configured as a huge owner bedroom suite and a separate private home office suite, one could easily make it into a three bedroom home plus two bathrooms and a powder room. Throughout the apartment the high ceilings (11') and lofty proportions emphasize the floor-to-ceiling windows, open living room and dining room and allow majestic sunlight all day long. Unique to 40 Mercer, the south window wall...

Building Features

Parking

Garage Parking

Services

DoormanConcierge

Pet Policy

Dogs Allowed / Cats Allowed

Facilities

Fitness CenterStorage Available

Community Features

Facilities

Health Club

Swimming Pool

Swimming Pool

Home Features

HVAC

Central A/C

Laundry

Washer / Dryer in Unit

View

City View

Interior

New Windows

Price History

Date/EventEventPrice
Feb 8, 2023 In contractIn contract-
Nov 27, 2022 Listed by Dot Realty NYCListed by Dot Realty NYC$8,495,000
Feb 17, 2022 SoldSold$7,800,000
Oct 2, 2020 No longer availableNo longer available-
Jul 16, 2020 RelistedRelisted$7,000,000
Jun 11, 2020 No longer availableNo longer available-
Feb 21, 2020 Price DecreasedPrice Decreased$7,000,000 $500K (6.7%)
Dec 13, 2019 Listed by Brown Harris StevensListed by Brown Harris Stevens$7,500,000
Nov 30, 2010 SoldSold$7,150,000
May 13, 2008 SoldSold$7,425,000
Jul 12, 2007 SoldSold$5,371,270

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$63,000
ExpensesPer Year
$115,596
Operating ProfitPer Year
-$52,596
Cap rate
-0.62%

Price Estimate

$9,768,000$8,364,817$6,961,636
20222023202420252026
Current Asking Price

$8,495,000

HopScore Market Price

$8,364,817

The current asking price is $130,182.04 above the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Condo
2
2
2,206 ft²
$4,080/ft²
$9,000,000
$5,914/mo
Sold
Condo
2
3
2,900 ft²
$2,638/ft²
$7,650,000
$2,860/mo
Sold
Condo
2
2
3,000 ft²
$2,493/ft²
$7,480,000
$4,900/mo
Sold
Condo
3
2
2,206 ft²
$3,785/ft²
$8,350,000
$8,247/mo
Sold
Condo
3
3.5
2,370 ft²
$2,975/ft²
$7,050,000
$6,306/mo

Payment Calculator


Building Info

40 Mercer Street40 Mercer Street, New York, NY 10013
  • 47 Units
  • 3 Units for Sale
More about this Building
40 Mercer Street
Want to find out who owns 40 Mercer Street, New York, NY 10013? Get detailed property transactions here .

Neighborhood

About SoHo

Stats & Trends

The median asking price in SoHo is $1,550,000.
  • Median Asking

    $1,550,000
  • Sale Price/ft²

    $1,766.30
  • Above Asking

    0.35%
  • Days on Market

    115

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
1,649
$4,195,000
-/mo
Mar 15, 2023
Active
-
-
-
-
1
1.5
1,222
$3,350,000
-/mo
Jan 19, 2023
Active
-
-
-
-
2
2.5
2,206
$8,495,000
-/mo
Nov 27, 2022
In Contract
-
-
-
-
-
2
2
1,415
$4,250,000
-/mo
Jul 7, 2022
Active
-
-
-
-
3
3
3,515
$22,500,000
-/mo
Jun 14, 2022
Active
-
-
-
-
4
3.5
3,006
$17,500,000
-/mo
May 20, 2022
Withdrawn
-
-
-
-
-
3
3.5
2,706
$9,995,000
-/mo
Jan 12, 2022
Expired
-
-
-
-
-
1
1.5
1,222
$3,500,000
-/mo
Oct 8, 2021
Withdrawn
-
-
-
-
-
2
2.5
1,745
$3,998,000
$7,089/mo
Oct 6, 2021
Sold
Feb 17, 2022
134 days
$3,935,000
-1.58%
1
2
1,222
$3,200,000
-/mo
Apr 23, 2021
Sold
Apr 23, 2021
-
$3,200,000
-
-

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Unit #39, 40 Mercer Street, New York, NY 10013


Frequently Asked Questions

What is the median home price in Downtown Manhattan?
The median home price in Downtown Manhattan is $2,000,000, or $1,927/sqft. When you buy a home in Downtown Manhattan, you can expect to pay between $1,095,000 to $4,495,000. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Downtown Manhattan?
The median home price for a studio in Downtown Manhattan is $750,000, or $1,312/sqft.
What is the median home price for a One-Bedroom in Downtown Manhattan?
The median home price for a one-bedroom home in Downtown Manhattan is $1,150,000, or $1,475/sqft.
What is the median home price for a Two-Bedroom in Downtown Manhattan?
The median home price for a two-bedroom home in Downtown Manhattan is $2,375,000, or $1,915/sqft.
What is the median home price for a Three-Bedroom in Downtown Manhattan?
The median home price for a three-bedroom home in Downtown Manhattan is $4,795,000, or $2,221/sqft.
What is the median home price for a Four+ Bedroom in Downtown Manhattan?
The median home price for a four+ bedroom home in Downtown Manhattan is $9,995,000, or $2,438/sqft.
What is the breakdown of listings by bedroom count in Downtown Manhattan?
There are currently 1,255 available properties for sale in Downtown Manhattan. Of those, 11.79% are studio listings, 28.05% are one-bedroom listings, 29.16% are two-bedroom listings, 18.57% are three-bedroom listings, and 12.43% are four+ bedroom listings.
What is the breakdown of listings by property type in Downtown Manhattan?
There are currently 849 condos, 45 townhouses, and 2 multifamilies located in Downtown Manhattan. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Downtown Manhattan?
The least expensive property sold in Downtown Manhattan for $120,000.
Now, what is the most expensive property sold in the past 12 months in Downtown Manhattan?
The most expensive property sold in Downtown Manhattan for $65,000,000.
How long on average are properties in Downtown Manhattan on the market?
Based on our collected data, properties in Downtown Manhattan are on the market for a median time of 115 days.

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