Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 MERCER Street #1

For Sale · Listing by Brown Harris Stevens Residential Sales LLC

40 MERCER Street #1

SoHo, Manhattan

$3,995,000

Interested in this property?
Active For Sale • Condo

$3,995,000

$2,423 per sq ft

40 MERCER Street #1

SoHo, Manhattan

40 Mercer Street

MLS® #RLS20126405

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

2
Bedrooms
2
Baths
1,649
Sq. Ft.
2007
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,649 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $4,457/mo
Property Taxes Contact for details
Neighborhood SoHo
Floor 1 of 14

Property Highlights

  • Views: City
  • Exposure: North,West facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 1 of 14
View City
Exposure North,West
Cooling Central Air
Pets Yes
Year Built 2007
Living Area 1,649 sq ft
Structure Type HighRise
Basement Other
Block/Lot 00474/1501

Listing History

Event Date Price Change
Listed Nov 12, 2026 $3,995,000 -
Currently Nov 12, 2026 $3,995,000 -

Recent Sales in This Building

What other apartments here closed for in the last three years, as reported to the REBNY Listing Service (RLS).

Closed Unit Beds Sold For Per Sq Ft
May 29, 2026 Unit 5 3 BR $4,500,000 $1,899
Sep 2, 2024 Unit 33 2 BR $7,495,000 $3,398
Mar 28, 2024 Unit 32 3 BR $9,000,000 $3,326
See every sale in this building

Description

Welcome to Residence 1 at 40 Mercer, an architecturally striking condominium designed by internationally acclaimed architect Jean Nouvel. Occupying the coveted northwest corner of the building, this exceptional 2 bedroom, 2 bathroom residence offers iconic SoHo views and 1,649 sq ft of beautifully conceived living space. Oversized, floor-to-ceiling triple-pane windows, dramatic approx. 12-ft ceilings, and Jean Nouvel's signature designer finishes create a striking interplay of light, volume, and contemporary design. An ideal primary residence or sophisticated pied-à-terre. The expansive corner great room features an open kitchen and faces west onto Mercer Street, capturing the neighborhood's distinctive architectural character. The kitchen is seamlessly integrated into the living space and features generous cabinetry and counter space, complemented by appliances from Gaggenau, Miele, and Sub-Zero. Both bedrooms are privately positioned off an impressive nearly 40-foot gallery. The generously proportioned primary suite offers ample space for a separate sitting area and features a luxurious five-fixture bathroom with a soaking tub, separate shower, and double vanity. Both bathrooms are finished in elegant Thassos marble and appointed with exceptional fixtures and fittings throughout. There is also an in-unit washer & dryer. 40 Mercer is a distinctive 14-story cast-iron and glass condominium completed in 2007, with just 40 residences. Ideally situated on one of downtown Manhattan's most desirable blocks, the building offers an exceptional level of service and amenities, including a 24-hour doorman, concierge, on-site superintendent, and an underground parking garage with direct building access-a rare convenience in SoHo. Residents enjoy an extraordinary 50-foot Carrera marble lap pool with Jacuzzi, sauna, and steam room, as well as a world-class fitness center, landscaped courtyard, and seventh-floor south-facing terrace. Set along one of SoHo's most coveted cobblestone streets, 40 Mercer places you at the center of downtown Manhattan's celebrated shopping, galleries, and world-class dining, while offering a sense of privacy, tranquility, and residential intimacy. Showings by appointment.

Features & Amenities

Interior Features

Separate Formal Dining Room Building Other In Unit

Exterior Features

None

Building Amenities

Elevators

Building Information

Financial Details

Common Charges $4,457/mo
RE Taxes Contact for details

SoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.

SoHo Live Market Data

View Neighborhood

Active Listings

63

Median Asking Price

$4.00M

Median $/Sqft

$1,928

Avg Days on Market

N/A

New This Week

2

Price Reduced

30%

Sold (30 Days)

6

Median Sale Price

$3.17M

Live data from RLS at REBNY • Updated 11/12/26, 4:31 PM EST

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Location

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40 MERCER Street #1, SoHo, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
13
Floors
41
Residential Units
M1-5/R9X
Zoning District
Condominiums Historic District: SoHo-Cast Iron Historic District

Tax & Assessment

Assessed Value: $33,183,686
Land Value: $1,800,014
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 21,370 SF
Building Area: 117,024 SF
Built FAR: 5.48
Allowed FAR: 9

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $4,457 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,649 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with Milton Coste.

At the current list price of $3,995,000 for 1,649 sq ft, the asking price per square foot is approximately $2,423. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20126405
First Listed: 11/12/2026
On Market: 11/12/2026
Price Changed: 11/12/2026
Contract Date: 11/12/2026

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Edward F Johnston

Listing Contact: (212) 906-9284

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/12/2026 at 9:31 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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SoHo Market Update

6 sales last 30 days · $4.00M median · 10.5 months supply

Read Full Report

New listings in this building

Quick Facts

Status Active Type Condo Neighborhood SoHo Borough Manhattan
County New York
Floor 1 of 14
Year Built 2007
First Listed 11/12/2026
Living Area 1,649 sqft
Common Charges $4,457/mo

Monthly Costs Estimate

Down Payment 20%

$799,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $4,457
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$59,925

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.

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