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158 Mercer Street #5M
Condo in Soho •  building info
3bd • 3ba • 4,177ft² $2,394 per ft²
List Price

$10,000,000

Key Details
Days on market
96
Last price change
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Estimated payment
$65,634/mo
Taxes
$5,615/mo
Common charges
$6,059/mo
Description
Located in arguably the most desired of all Prime Soho addresses, this rare 4,177sf loft style residence with 50-feet of frontage on Mercer Street is perched on the West side of the New Museum Building, one of Soho's very few 24-hour doorman condo loft buildings with superb provenance. The oversized elevator opens to a welcoming foyer: as you turn the corner the 52-foot Great Room reveals itself in all its splendor with a dramatic large fireplace as the focal point. Majestic sculptural columns draw you to the sizable west-facing windows that bathe this home in afternoon sunlight. Additional north-facing windows are rare in lofts, on either side of the fireplace as well as the adjoining library, a more intimate moment in this bold, impressive space that may be the most exquisite of all the rooms. A large kitchen with the expected high-end millwork, finishes and appliances has a substantial island and a walk-in pantry, located across from the fireplace, making this the ultimate entertaining opportunity. The dimensions are made even more appealing by the sheer volume throughout: soaring, almost 11.6-foot ceilings make this the perfect setting for serious large-scale art collectors. A perfectly scaled bedroom suite located on the western side is perfect for visiting guests or family, far removed from the bedroom wing at the opposite end that comprises a lavish Primary Bedroom with south-facing windows and a huge ensuite windowed bathroom and dual, enormous walk-in closets. An additional third bedroom suite with substantive closets is located next door. This wing also houses a laundry room with sink. The New Museum Building is an intimate, 19-unit full service cast iron condominium that was converted to lofts in 1996. Designed by Cleverdon & Putzel in 1897, the former office building subsequently housed the New Museum of Contemporary Art and was converted to a residential condominium when the institution relocated to the Bowery. A laundry room and private storage are among the prime amenities. Each loft apartment was delivered as raw space and individually finished out and all feature individually controlled ducted HVAC systems. Set amidst some of the world's most exceptional retail stores, restaurants, museums, including the Mercer Hotel on the block, the building also features a common roof deck, and two entrances for discreet entry and egress make it especially appealing to those seeking privacy. *Monthly Taxes w/out Starr Abatement $6,807

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Important Stuff
Washer/Dryer in unit
Elevator
Full Time Doorman
Cats and Dogs allowed
Home features
Central Air
Dishwasher
Fireplace
Hardwood floors
View

City

Building amenities
Services and facilities
Concierge
Fios Available
Laundry in Building
Parking

Garage

Storage

Locker/Cage

Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$10,000,000
Asking Price: $10,000,000
Term
30 Years
Down Payment
$1,000,000 (10%)
Min: 10% (1,000,000)
Rate
6.0 %
Mortgage Amount
$9,000,000
Mortgage Payment
$53,960
Common Charges
$6,059
Taxes
$5,615
Estimated closing cost
$547,000
Total monthly cost $65,634
Listing Courtesy of Compass

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