Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $9,000,000

Listed at $9,750,000 · Sold 7.7% below asking · Closed June 15, 2015

40 Mercer Street #37
Closed For Sale Condo

$9,750,000

$4,420 per sq ft

40 Mercer Street #37

SOHO, Manhattan

40 Mercer Residences

MLS® #RLS10071522

RLS at REBNY

Listing by Elliman

2

Bedrooms

2

Baths

2,206

Sq. Ft.

2005

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 2,206 sq ft
Year Built 2005
Ownership Condo
HOA/Common Charges $3,815/mo
Property Taxes $25,188/yr
Parking Garage
Neighborhood SOHO
Floor 11 of 14

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths null Full
Floor 11 of 14
Pets Yes
Cross Street Broome & Grand Streets
Year Built 2005
Living Area 2,206 sq ft
Parking Garage Available
Parcel # 0474-1536

Listing History

Event Date Price Change
Listed Jan 26, 2015 $9,750,000 -
Currently May 14, 2026 $9,750,000 -

Description

Perched high above all of downtown Manhattan, modern luxury and elegance are found throughout this stunning corner two bedroom, two and one-half bathroom residence located in the most coveted condominium in SoHo. Enter by ascending to the eleventh floor via the east wing elevator and revel in the expansive breathtaking views of downtown Manhattan's striking skyline. The entrance and master bedroom suite have been thoughtfully and seamlessly customized by Annabelle Selldorf to include a foyer complete with floor to ceiling coat closet storage and in the master bedroom a beautiful south facing windowed dressing room. With 11' ceilings and grand proportions, the open living and dining room streams with sunlight from the southern and eastern exposures. A truly one-of-a kind technology allows the south window wall in the dining area to electronically slide open entirely to the outside and creates your very own loggia. A luxurious windowed master bath features Calcutta marble slab floors with timer-controlled radiant heat, dual vanity made of white oak and walnut, Starphire glass countertop accented by Lefroy Brooks fixtures, 6' soaking tub and separate glass enclosed shower.The second bedroom with en-suite bathroom is currently used as a den and features beautiful leather wrapped built-in cabinetry and shelving. The open kitchen includes Tanganika cabinetry, Gaggenau, Miele, and Subzero stainless steel appliances. Custom enhancements include a Niles integrated sound system and electronic solar and blackout shades throughout. This wonderful home is truly turn-key and can be purchased with furniture.

40 Mercer Street is a masterful collaboration between Pritzker prize winning architect Jean Nouvel and hotel visionary André Balazs. The stunning 15 story 41 unit building is a true testament to modern luxury offering cutting edge design, progressive architecture, and unparalleled white glove-full service amenities including: full time doormen, 24-hour concierge, live-in super, valet on-site underground parking, and landscaped rooftop terrace. The M40 spa exclusively for residents, offers an indoor swimming pool, sauna, a steam room, and jacuzzi complete with changing rooms, hot and cold showers and a state-of-the art fitness center.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $3,815/mo
RE Taxes $25,188/yr ($2,099/mo)
Sale Price $9,000,000

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

76

Median Asking Price

$4.50M

Median $/Sqft

$2,073

Avg Days on Market

N/A

New This Week

9

Price Reduced

22%

Sold (30 Days)

9

Median Sale Price

$4.01M

Live data from RLS at REBNY • Updated 5/14/26, 7:38 PM EST

Recently Sold in SOHO

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Location

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40 Mercer Street #37, SOHO, New York County • Near Broome & Grand Streets

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: $33,435,236
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 $3,815 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $25,188, or roughly $2,099 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 2,206 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2005, making it approximately 21 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.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $9,750,000 for 2,206 sq ft, the asking price per square foot is approximately $4,420. 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: RLS10071522
First Listed: 1/26/2015
Closed: 6/15/2015
Contract Date: 1/21/2015

Listing Courtesy of Elliman - Raphael De Niro

Listing Contact: (212) 460-0655

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/14/2026 at 11:38 PM UTC

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