85 Mercer Street

85 Mercer Street is a Co-op located in SoHo, New York. The building was first built in 1873 and is 151 years old. The lot that the building was built on is 50 feet wide and 100 feet long. The official lot area is listed as 5,017 square feet. The building itself is 50 feet wide and 96 feet long. In total, 85 Mercer Street has a total floor area of 24,900 square feet. Of that, 18,500 square feet are used for residential purposes. About 6,400 square feet of the building are used for commercial purposes. There are a total of 19 units. Of those, 16 are residential units. There are three commercial units. 85 Mercer Street has a total of 5 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. 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. 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 15 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 231 days The transaction that took the longest to complete was unit 2R, listed on Sep 17, 2014 for $2,995,000. This particular unit ultimately sold 324 days later for $3,150,000. The most recent transaction was for unit 1R, sold for $6,100,000 on Dec 29, 2022. Fun fact, the oldest transaction we have on record took place on Aug 29, 1977. See the full transaction history for 85 Mercer Street below.

SoHo, where 85 Mercer Street is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $2,822,500. For interested buyers, that means the building's median asking price is around 1.36% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op 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 $8,180,000. It is a 3-bedroom and 3-bathroom unit.