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$4,711,087
List Price: $4,795,000
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109 Mercer Street #5M

Condo in Soho •  building info
3bd • 3ba • 2,177ft² $2,203 per ft²
Buy with Yoreevo

$4,711,087

List Price

$4,795,000

Key Details
Days on market
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Last price change
No recorded changes
Estimated payment
$34,591/mo
Taxes
$3,427/mo
Common charges
$3,887/mo
Description
A rare full-floor SoHo recent condominium offering scale, privacy, immediate income and long-term potential. Currently leased through December 2027, the residence offers a compelling opportunity for an investor seeking income today or a future end user looking to secure a substantial SoHo home now and plan ahead. Arrive directly by private keyed elevator into this impressive 2,177-square-foot, 3-bedroom, 3-bath residence, defined by approximately 14-foot ceilings and a dramatic wall of oversized east-facing windows. The expansive living and dining space features custom wood paneling with concealed storage and television, while the open chef's kitchen is equipped with custom cabinetry, Sub-Zero refrigeration, Gaggenau cooking appliances, Bosch double ovens and a built-in Miele coffee system. The distinctive multi-level layout provides exceptional separation between entertaining and private spaces. Upstairs, the primary suite enjoys south and west exposures, generous closets and a marble bath with soaking tub, separate rain shower and double vanity. An adjacent mezzanine overlooking the living room is ideal for a home office. Two additional bedrooms and a full bath occupy the lower level. For an investor, the existing lease provides immediate income from day one and makes the property particularly attractive for buyers considering a 1031 exchange. For a future end user, it offers the opportunity to secure a prime SoHo residence today while using the lease period to plan and prepare a future renovation, if desired. Additional features include central air conditioning, electric shades, an in-unit washer/dryer and private elevator access. No A.I.R. restrictions. Located on Mercer Street in the heart of SoHo, this is a distinctive opportunity to acquire a true residential condominium combining loft-like scale and character with the flexibility of modern condo ownership.

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Important Stuff
Elevator
Washer/Dryer in unit
Home features
Dishwasher
Fireplace
Building info

History
9/8/26
Listed by PROMEST
$4,795,000
What it'll cost
Purchase price
$4,795,000
Asking Price: $4,795,000
Term
30 Years
Down Payment
$479,000 (10%)
Min: 10% (479,000)
Rate
6.5 %
Mortgage Amount
$4,315,500
Mortgage Payment
$27,277
Common Charges
$3,887
Taxes
$3,427
Estimated Yoreevo rebate
$83,913
Estimated closing cost
$184,000
Total monthly cost $34,591
Buy your dream home with us and get an estimated
$83,913 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of PROMEST

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