Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $11,500,000

· Closed April 1, 2024

47 Mercer Street #2
Closed For Sale Condo

$11,500,000

$2,875 per sq ft

47 Mercer Street #2

SoHo, Manhattan

MLS® #RLS10962542

RLS at REBNY

Listing by Compass

3

Bedrooms

2.5

Baths

4,000

Sq. Ft.

1880

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 4,000 sq ft
Year Built 1880
Ownership Condo
HOA/Common Charges $2,009/mo
Property Taxes $57,552/yr
Neighborhood SoHo
Floor 1 of 7

Property Highlights

  • Exposure: East,West facing
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full, 1 Half
Floor 1 of 7
Exposure East,West
Heating Central
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1880
Living Area 4,000 sq ft
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 0474-1202
Block/Lot 00474/1202

Listing History

Event Date Price Change
Listed Sep 12, 2023 $13,750,000 -
Price Reduced Apr 5, 2024 $12,500,000 -9.1%
Currently May 4, 2026 $11,500,000 -8.0%

Description

An audacious masterpiece, finished to a quality unlike anything on the market, Residence 2 at 47 Mercer Street is a once-in-a-generation, sumptuous home, whose qualities may only be distilled into one word: perfection. Spanning 4000 square feet with almost 50 feet of frontage over prime Mercer Street, Residence 2 was reimagined by Maurizio Bianchi Mattioli of Studio MBM; its completion was recently featured in Architectural Digest. With two luxe bedroom suites, a third smaller bedroom, and a media room/library, this is a grand and versatile home. Enormous eastern and western exposures let in incredible light, and 13-foot ceilings, punctuated by original Corinthian-style columns, allow it to shine throughout the home. The result is exquisitely SoHo: a historic loft, updated to the pinnacle of design, in a private cast iron building. Enter through the private keyed elevator into the great room. The entire home was designed to display an incredible art and furniture collection. The centerpiece of this 48-foot-wide loft is an enormous and versatile space of over 1,500 square feet, with room for multiple sitting configurations, countless art pieces of every size, dining for 14, and entertaining for dozens. The home has 12 inch-wide french white oak floors, each plank 9- to 15-feet long. The columns and the coffered ceiling provide texture and drama. A double-wide Carrera marble gas fireplace creates intimacy, while the monumental windows breathe life into the space. A media room/library, adjacent to the great room, includes charcoal lacquered built-in bookshelves on two sides, making a cozy, more private space for relaxing or reading. Both the media room and the great room have surround-sound speakers by Crestron, providing a concert-quality listening experience; in the media room, it is an immersive surround sound. At Residence 2, large spaces are left bright and open, while smaller areas are finished with darker colors, creating pockets of warmth among the sprawling home. Designed by Boffi, the kitchen is right off the great room; every level of finish and appliance is the highest quality. Furnished with appliances from Wolf and Subzero, including a double-wide wine fridge and an ice maker, the kitchen includes black cosmic granite throughout, lighted floating shelves, an eat-in island and prep area, and oversized refrigerator and freezer. The bedroom suites occupy the west wing of the loft. The principal suite was built as a quiet sanctuary. The walls are finished with Venetian plaster, forest green carpet lines the floors, and the Roman shades are made of a linen and horse hair weave. The entire bedroom suite, including the dressing room and the bathroom, also features hidden surround-sound speakers by Crestron built into the ceiling. The dressing room is an enclave in and of itself, matching the bedroom in size and offering black stained teak built-ins and a center island, along with custom Studio MBM lighting. The principal bathroom is reminiscent of a hotel spa. It’s lined by gray quartzite with brass accents, and has a Brutalist design without sacrificing warmth. Light from the window complements the gray stone, which adds texture to the vanity and is customized to hide bathroom paraphernalia. Other luxe customizations include heated floors, integrated lighting, a steam shower, and an automated Toto toilet. The second bedroom suite features a large closet and an en-suite bathroom. The third bedroom is a flexible and functional space, serving either as a walk-in closet for the second bedroom, a nursery, an office, or a small art studio. Residence 2 is wired throughout with a state-of-the-art Crestron smart home system controlling the surround-sound speakers, shades, HVAC, and lighting. The home includes a laundry room with washer/dryer, a powder room for guests, and a customized storage system by Boffi in the foyer. Built in 1872 as a factory for the Rocco Revival cabinetmaker Alexander Roux, and converted to c

Features & Amenities

Interior Features

Built In Features High Ceilings Recessed Lighting Sound System Walk In Closets In Unit See Remarks Flooring: Hardwood Fireplace (1)

Appliances

Washer

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 7
Structure MultiFamily

Financial Details

Common Charges $2,009/mo
RE Taxes $57,552/yr ($4,796/mo)
Original Price $13,750,000
Sale Price $11,500,000
Previous Price $12,500,000

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

$3.60M

Live data from RLS at REBNY • Updated 5/4/26, 2:26 PM EST

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Location

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47 Mercer Street #2, SoHo, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1873
Year Built
153 years old
7
Floors
5
Residential Units
M1-5/R7X
Zoning District
Condominiums Historic District: SoHo-Cast Iron Historic District

Tax & Assessment

Assessed Value: $9,877,951
Land Value: $490,501
Exemptions: $0

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

Lot Area: 5,017 SF
Building Area: 30,300 SF
Built FAR: 6.04
Allowed FAR: 5

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 $2,009 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $57,552, or roughly $4,796 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 4,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1880, making it approximately 146 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 $11,500,000 for 4,000 sq ft, the asking price per square foot is approximately $2,875. 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: RLS10962542
First Listed: 10/26/2023
On Market: 9/12/2023
Price Changed: 4/5/2024
Closed: 4/1/2024
Contract Date: 9/5/2023

Listing Courtesy of Compass - Nicholas Gavin

Listing Contact: (646) 610-3055

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 5/4/2026 at 6:26 PM UTC

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