25 Mercer Street, New York, New York, 10013

25 Mercer Street Apt: PH
New York NY 10013

Cross street:Canal Street

Building

Type:Loft
Era:Post-war
Floors:5

Property

Ownership: Condo
Rooms: 9
Bedrooms: 4 BR
Bathrooms: 4.5
Pets: Pets Allowed

Financials

Price: $25,000,000
Common charges: $2,949
Real estate tax: $8,742
Financing Allowed: 90%
Minimum down: $2,500,000
415 Madison Avenue New York, NY 10017
Courtesy of Elliman

Description

Introducing a one-of-a-kind duplex penthouse with two private outdoor rooftop terraces in a boutique condo within the fabled SoHo Cast-Iron Historic District.

The penthouse in 25 Mercer offers a modern interpretation of the classic SoHo loft, balancing perfectly restored cast iron detailing with sophisticated modern design. It is a magnificent, light-filled duplex penthouse crowned with a spectacular private rooftop. The interior (4,350 square feet) provides north, east, and west exposures coupled with a skylight that floods the palatial living space with brilliant natural light. The private and exclusive rooftop (2,618 square feet) is an oasis in the sky, offering panoramic 360-degree views of downtown Manhattan.

More than a prominent residence, the penthouse presents a strong investment opportunity with a net operating income of $639,708 and CAP rate of 2.5% given the total monthly carrying costs of $11,691 (taxes + common charges) and monthly rental potential of $65,000 per month.

Built in 1867, the building represents the architectural beauty of New York's elegant Gilded Age, updated with a refined contemporary sensibility. Mercer Street is one of the most desirable cobblestone streets in SoHo, which represents the sophisticated intersection of fashion, art, dining, and business.

Amenities

  • Private Garden
  • Washer Dryer
  • Elevator
  • Virtual Doorman

Neighborhood

More listings:

Introducing a one of a kind duplex penthouse with two private outdoor rooftop terraces in a boutique condo within the fabled SoHo Cast Iron Historic District.

Description

Introducing a one-of-a-kind duplex penthouse with two private outdoor rooftop terraces in a boutique condo within the fabled SoHo Cast-Iron Historic District.

The penthouse in 25 Mercer offers a modern interpretation of the classic SoHo loft, balancing perfectly restored cast iron detailing with sophisticated modern design. It is a magnificent, light-filled duplex penthouse crowned with a spectacular private rooftop. The interior (4,350 square feet) provides north, east, and west exposures coupled with a skylight that floods the palatial living space with brilliant natural light. The private and exclusive rooftop (2,618 square feet) is an oasis in the sky, offering panoramic 360-degree views of downtown Manhattan.

More than a prominent residence, the penthouse presents a strong investment opportunity with a net operating income of $639,708 and CAP rate of 2.5% given the total monthly carrying costs of $11,691 (taxes + common charges) and monthly rental potential of $65,000 per month.

Built in 1867, the building represents the architectural beauty of New York's elegant Gilded Age, updated with a refined contemporary sensibility. Mercer Street is one of the most desirable cobblestone streets in SoHo, which represents the sophisticated intersection of fashion, art, dining, and business.

Amenities

  • Private Garden
  • Washer Dryer
  • Elevator
  • Virtual Doorman

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.