Seller's Agent in 2023
Heather Domi
Compass
(917) 566-6644
3 in this area
46 Total Sales
77 Mercer St Unit 5N New York, NY 10012
SoHo NeighborhoodEstimated Value: $2,957,000 - $3,700,000
2
Beds
2
Baths
1,864
Sq Ft
$1,197/mo
HOA Fee
Highlights
- Wood Flooring
- 4-minute walk to Prince Street
- High Ceiling
- P.S. 3 Charrette School Rated A
- 1 Fireplace
- 4-minute walk to Lt. Peterosino Square
About This Home
As of November 2023Residence 5N at 77 Mercer Street offers a unique and luxurious living experience in the heart of SoHo's historic Cast-Iron District in Downtown New York City. This two-bedroom, two-bathroom condominium loft is situated within a meticulously preserved building that dates back to 1876. The loft features a private and secure entrance through a key-locked elevator that opens directly into the home’s vestibule.
The main highlight of the residence is its expansive great room, which spans almost 24 feet and boasts 11-foot ceilings, maple hardwood flooring, and charming historic elements. Natural light floods the loft through three large 7-foot windows that face the eastern sky, creating an airy and inviting ambiance. The room also includes a functional wood-burning fireplace and exposed floor-to-ceiling wooden beams that pay homage to the area's rich history.
The open kitchen is a chef's dream, equipped with a vented industrial hood placed above a custom island featuring a Viking Professional gas range-top. The kitchen is adorned with white subway tile and top-of-the-line stainless steel appliances, including Sub-Zero and Viking Professional. A wine fridge and ample cabinetry add both style and functionality to the space.
A hallway, equipped with built-in storage, leads to two spacious west-facing bedrooms filled with natural light. Both bedrooms are fitted with CitiQuiet windows to ensure tranquility. The primary suite boasts an exposed brick wall, multiple spacious closets, and a vibrant bathhouse-inspired "spa" reminiscent of SoHo’s artistic roots. This unique retreat features a double-sink vanity, a mosaic wet-room, and a vintage cast-iron clawfoot soaking tub, all illuminated by a mesmerizing chandelier. The second bedroom offers a built-in desk, exposed wooden beams, and an adjacent bathroom adorned with gray slate tile and a glass-enclosed “halo” rain shower.
This residence also offers central air conditioning, in-unit laundry, a windowed bench spanning the width of the residence, art rails (for the avid collector) and well-designed built-ins and storage throughout. A private storage unit is included.
77 Mercer is a boutique residential loft condominium spanning six stories. The building's exterior has been meticulously conserved, preserving its historic charm. The structure is divided into two distinct portions, each with separate entrances equipped with video intercoms and secure key-locked elevators, ensuring residents' privacy and security.
Located along the cobblestone stretch of Mercer Street, the condominium is conveniently situated near some of Manhattan's most renowned boutiques and restaurants. The area offers a quintessential SoHo experience, combining the bustling city atmosphere with serene surroundings. The residence is also well-connected in terms of transportation, with close proximity to most subway lines, including 6, N, R, W, J, Z, A, C, and E, providing easy access to various parts of the city.
Please note the building does not allow dogs; however, cats are welcome.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $27,204
Year Built
- Built in 1900
Lot Details
- 5,009
HOA Fees
- $1,197 Monthly HOA Fees
Interior Spaces
- 1,864 Sq Ft Home
- Built-In Features
- High Ceiling
- Recessed Lighting
- 1 Fireplace
- Window Treatments
- Entrance Foyer
- Wood Flooring
- Intercom
Kitchen
- Double Oven
- Gas Cooktop
- Range Hood
- Dishwasher
- Wine Cooler
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Double Vanity
- Soaking Tub
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- Private Entrance
- Central Heating and Cooling System
Community Details
- 10 Units
- Soho Subdivision
- 6-Story Property
Listing and Financial Details
- Legal Lot and Block 1020 / 00485
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2023
Closed on
Nov 28, 2023
Sold by
77 Mercer 5 South Llc
Bought by
Sabima Llc
Seller's Agent
Heather Domi
Compass
List Price
$3,500,000
Sold Price
$3,225,000
Premium/Discount to List
-$275,000
-7.86%
Total Days on Market
51
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,118
Avg. Annual Appreciation
1.24%
Purchase Details
Closed on
Oct 18, 2012
Sold by
77 Mercer Holding Llc
Bought by
Urses Rei Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sabima Llc | -- | -- | |
| Sabima Llc | $3,225,000 | -- | |
| Urses Rei Llc | $2,575,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Urses Rei Llc | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/28/2023 11/28/23 | Sold | $3,225,000 | -7.9% | $1,730 / Sq Ft |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- |
| 08/28/2023 08/28/23 | For Sale | $3,500,000 | 0.0% | $1,878 / Sq Ft |
| 07/20/2021 07/20/21 | Rented | -- | -- | -- |
| 06/20/2021 06/20/21 | Under Contract | -- | -- | -- |
| 06/02/2021 06/02/21 | For Rent | $9,750 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $27,996 | $223,936 | $35,829 | $188,107 |
| 2023 | $27,213 | $221,843 | $35,829 | $186,014 |
| 2022 | $26,381 | $220,290 | $35,829 | $184,461 |
| 2021 | $24,646 | $200,915 | $35,829 | $165,086 |
| 2020 | $26,643 | $223,930 | $35,829 | $188,101 |
| 2019 | $25,838 | $230,148 | $35,829 | $194,319 |
| 2018 | $24,257 | $202,811 | $35,829 | $166,982 |
| 2017 | $23,073 | $204,858 | $35,829 | $169,029 |
| 2016 | $21,901 | $206,299 | $35,829 | $170,470 |
| 2015 | $8,112 | $180,251 | $35,829 | $144,422 |
| 2014 | $8,112 | $173,237 | $35,829 | $137,408 |
Source: Public Records
Agents Affiliated with this Home
-
Heather Domi
-
Alexa Lemieux
Seller Co-Listing Agent in 2023
Alexa Lemieux
Compass
(212) 913-9058
1 in this area
5 Total Sales
-
Jonathan Meiselman
J
Seller Co-Listing Agent in 2021
Jonathan Meiselman
Compass
(914) 484-4441
9 Total Sales
Map
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10947022
APN: 0485-1020
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