25 Mercer St, #PHLoading

Condo For Sale Manhattan, SoHo

Web ID # PDES-20834333

Listed: 04/21/2021

Days on Market: 1130 days

SOLD

$25,000,000

4,350 ft2 Approx. $5,747 per ft2 4 Beds 5 Baths

RE Taxes: $8,742

Common Charges: $2,949/month

Mortgage Est: $.../month


Condo For Sale Manhattan, SoHo

Web ID # PDES-20834333

Listed: 04/21/2021

Days on Market: 1130 days

SOLD

4,350 ft2 Approx. $5,747 per ft2 4 Beds 5 Baths

RE Taxes: $8,742

Common Charges: $2,949/month

Mortgage Est: $.../month

  Listing Courtesy of Elliman

  Karan Chopra


Buyer's Agent

Gea Elika

 212-590-0540

Inquire about 25 Mercer St, #PH


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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.

Highlights

  • Elevator
  • Fireplaces
  • Washer / Dryer
  • Pets Allowed

Building Information

  • Building Type: Elevator
  • Year Built: 1867

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