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110 Mercer Street #2W
Coop in Soho •  building info
3bd • 2ba • 4,000ft² $1,375 per ft²
List Price

$5,500,000

Key Details
Days on market
64
Last price change
loading...
Estimated payment
$26,380
Monthly taxes
N/A
Monthly maintenance
$0
Description
WELCOME TO 110B MERCER #2W GET PAID A MASSIVE SIX-FIGURE INCOME JUST FOR OWNERSHIP! This is one of the most unique opportunities in all of NYC. Owning this home means you'll also own a large portion of the premium retail spaces on the street level. YOU'LL BE PAID A SIX FIGURE INCOME FROM DAY ONE! Maintenance is effectively negated, there are no assessments and no flip tax. This was the beloved, long-time home of world-renowned artists, Mary Beth Edelson and Robert Stackhouse, and is being offered for the first time in almost 50 years. At 122-feet deep and 37-feet wide with no columns, this is the perfect blank canvas to create your dream home. Soaring 14-ft ceilings and eighteen (18!) oversized windows on three exposures are the perfect ingredients to create a magnificent space that's open, light and airy. There is almost 4,000 sq ft inside and 400 sq feet on your two PRIVATE TERRACES. You also have over 800 sq ft of storage space in the basement. The Cast Iron Court Corporation is an intimate, boutique co-op circa 1868 designed by the famed architect Charles Mettam (perhaps best known as the designer of the canopied catafalque that bore President Lincoln's coffin). It was converted by its artist/owners in 1975 and is one of the few remaining cast-iron buildings in NYC to retain such significant artistic and cultural pedigree. It's professionally managed, has a key-locked elevator and is pet-friendly. It retains many of its original 19th century details and is a destination for anyone who appreciates the storied history and rich architecture of old New York. You're in the heart of the historic Soho Cast-Iron District with all of the neighborhood's amazing restaurants and shops right outside your door. This is truly a once-in-a-lifetime opportunity and should not be missed. Call for appointment. Note: some photos have been virtually staged to show what the space would look like without mezzanines.

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Important Stuff
Elevator
Pets allowed
Washer/Dryer in unit
Listing Amenities
Hardwood floors
City View
Dishwasher
Central Air
Building Amenities
Fios Available
Outdoor Space
Terrace
Building info

History
What it'll cost
Purchase price
$5,500,000
Asking Price: $5,500,000
Term
30 Years
Down Payment
$1,100,000 (20%)
Min: 20% (1,100,000)
Rate
6.0 %
Mortgage Amount
$4,400,000
Mortgage Payment
$26,380
Maintenance
$0
Estimated closing cost
$131,000
Total monthly cost $26,380
Listing Courtesy of Corcoran Group

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