Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $7,565,000

Listed at $7,990,000 · Sold 5.3% below asking · Closed September 21, 2020

40 Mercer Street #11W
Closed For Sale Condo

$7,990,000

$2,953 per sq ft

40 Mercer Street #11W

SoHo, Manhattan

MLS® #RLS10899311

RLS at REBNY

Listing by BOND New York

3

Bedrooms

3.5

Baths

2,706

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 2,706 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $4,474/mo
Property Taxes $4,056/yr
Parking Garage
Neighborhood SoHo
Floor 11

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 3 Full, 1 Half
Floor 11
Pets Yes
Cross Street Grand St/Broome St
Year Built 2006
Living Area 2,706 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Oct 12, 2020 $7,990,000 -
Currently May 5, 2026 $7,990,000 -

Description

Jean Nouvel's extraordinary testament to progressive architecture and modern engineering, 40 Mercer is indisputably downtown's best building. Discreetly-located on a cobblestone Mercer Street corner in the heart of Soho, the critically-acclaimed 40 Mercer is the best in residential living. Unsurpassed in services and luxury lifestyle, this full-service, boutique condo building has a doorman, live-in super, underground parking and a stunning art installation work that serves as New York's sexiest lobby. Add the visionary hotelier Andre Balazs' M40 spa exclusively for residents that includes a swimming pool, a sauna, a steam room, 12 person Jacuzzi, separate hot & cold showers, changing rooms and a state-of-the-art fitness center. Sun-flooded with South, East, North and West exposures, this high floor home boasts unprecedented SoHo views. It is a three bedroom, three bathroom plus a powder room, with high 11' ceilings, floor-to-ceiling windows and finishes that define luxury. Its most impressive feature is the floor-to-ceiling glass wall that opens to the outside creating an open terrace in your living space. 40 Mercer must be experienced to be appreciated.

Features & Amenities

Interior Features

Common Area

Financial Details

Common Charges $4,474/mo
RE Taxes $4,056/yr ($338/mo)
Sale Price $7,565,000

SoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.

SoHo Live Market Data

View Neighborhood

Active Listings

74

Median Asking Price

$4.30M

Median $/Sqft

$2,006

Avg Days on Market

N/A

New This Week

2

Price Reduced

23%

Sold (30 Days)

8

Median Sale Price

$3.44M

Live data from RLS at REBNY • Updated 5/4/26, 8:53 PM EST

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Location

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40 Mercer Street #11W, SoHo, New York County • Near Grand St/Broome St

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2005
Year Built
21 years old
13
Floors
41
Residential Units
M1-5/R9X
Zoning District
Condominiums Historic District: SoHo-Cast Iron Historic District

Tax & Assessment

Assessed Value: $33,435,236
Land Value: $1,800,014
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 21,370 SF
Building Area: 117,024 SF
Built FAR: 5.48
Allowed FAR: 9

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $4,474 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $4,056, or roughly $338 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 2,706 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $7,990,000 for 2,706 sq ft, the asking price per square foot is approximately $2,953. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10899311
First Listed: 10/12/2020
Price Changed: 2/5/2021
Closed: 9/21/2020
Contract Date: 10/12/2020

Listing Courtesy of BOND New York - Adam Taylor

Listing Contact: (917) 428-7146

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/5/2026 at 12:53 AM UTC

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