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25 Mercer St. PH, New York, NY 10013

$25,000,000
Active Listing
Listing Details:
$25,000,000 Price
Condo Property Type
SoHo Neighborhood
4 Beds
4.5 Baths
4,350 Approx. Sq. Ft.
$2,949 Maint/CC
$8,742 RET
Key Features:
Fireplace
Prewar
Elevator
Allows Pets
Rooftop Access
Unit Garden
Unit Laundry
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.

Listing courtesy of Douglas Elliman Real Estate

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