Soho glass penthouse seeks peak price per square foot

Unit at 40 Mercer Street asking $22.5 million

New York /
Jun.June 16, 2022 04:45 PM
40 Mercer Street (Rich Caplan, iStock)

40 Mercer Street (Rich Caplan, iStock)

Here’s one glass ceiling that shouldn’t be broken.

A deconstructed glass cube penthouse at 40 Mercer Street has hit the market for $22.5 million. At 3,515 square feet, the unit is priced at $6,401 per square foot, which would be the most paid in Soho this year.

The three-bedroom, three-bathroom unit occupies the entirety of the upper floor. It features a glass ceiling and a 20-foot, south-facing glass curtain wall that opens to transform the living room into an outdoor loggia. The aluminum-clad kitchen on the lower level and mezzanine wood-lined office both bask under the glass ceiling. The glass roof floats 20 feet above all the interior spaces.

40 Mercer Street (Rich Caplan)

40 Mercer Street (Rich Caplan)

“It’s a special, one of a kind, unique piece of art,” said Douglas Elliman’s Nick Parker, of the Eklund Gomes team. “It’s certainly not a cookie-cutter apartment.”

It also has a 145-square-foot east-facing terrace by the dining area, 12 zones for cooling and heating, Lutron window treatment controls that are set to optimize sunlight in different times of day, and with UV protection on all windows.

The home was purchased as a raw white box and was designed by architect Lee Mindel of Shelton Mindel & Associates. It’s won several honors, including the Global Residence award. The building is a collaboration between hotelier Andre Balazs and architect Jean Nouvel.

The unit hasn’t traded yet, but Soho penthouses are no strangers to breaking records.

An 8,000-square-foot penthouse at 421 Broome Street in 2020 became the most expensive home ever sold in Soho, but just over a year later eclipsed that mark by 40 percent in selling for $49 million, or $6,125 per square foot.

40 Mercer Street (Rich Caplan)

40 Mercer Street (Rich Caplan)

The glass cube penthouse is owned by Mark and Leslie Sillcox, philanthropists focused on public education in New York City. The couple collected art, which was preserved from the light through the windows’ UV protection.

The building features a swimming pool, sauna, whirlpool, fitness center spa, separate parking garage accessible from the basement, tree-covered courtyard off the lobby and a landscaped outdoor terrace.

An earlier version of this article incorrectly stated the asking price represents an all-time potential record for Soho. 





    Related Articles

    arrow_forward_ios
    John Giannone and Jac Credaroli (Credit: iStock)
    Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
    Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
    Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)
    Douglas Elliman is coming to Texas
    Douglas Elliman is coming to Texas
    Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)
    Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
    Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
    Passage Island (Fay Ranches, iStock)
    Private Alaskan island that expands at low tide to ask $20M
    Private Alaskan island that expands at low tide to ask $20M
    A photo illustration of No. 15 Shouson Hill Road West in Hong Kong (Emperor International Holdings Limited, iStock)
    Hong Kong’s priciest 2022 home fetches $111M
    Hong Kong’s priciest 2022 home fetches $111M
    116 East 65th Street and Ghislaine Maxwell (Zillow, iStock)
    Investor Frederick Rudd sells Ghislaine Maxwell’s former UES townhouse
    Investor Frederick Rudd sells Ghislaine Maxwell’s former UES townhouse
    HomeLight CEO Drew Uher (HomeLight, iStock)
    HomeLight lays off a fifth of its workers, weeks after raising $60M
    HomeLight lays off a fifth of its workers, weeks after raising $60M
    Berkshire Hathaway HomeServices' Steven James (right) and Brad Loe (BHHS, iStock)
    Berkshire Hathaway HomeServices wants to be a New York contender
    Berkshire Hathaway HomeServices wants to be a New York contender
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...