40 Mercer Street | TRD Research
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40 Mercer Street

40 Mercer Street
New York, NY 10013
212-230-2300
Residential, Sales, Condo, Multifamily

The sponsor(s) filed plans on 04/12/05 for a condo project at 40 Mercer Street with 41 residential units. The sponsor(s) were approved to market the units for sale on 08/16/05. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

  • Address 40 Mercer Street
  • neighborhood Soho
  • borough Manhattan
  • owner Hines Interests
  • developer Hines Interests
  • owner entity WXIV/BROADWAY GRAND REALTY, LLC
  • architect Slce Architects
  • PLANS DISCLOSED 04/12/2005
  • dob permit issued 04/13/2005
  • tco issued 12/29/2006
  • DOB FILE PLANS 10/18/2004
  • DOB FILE Link
  • LIST/LAUNCH SALES 08/16/2005
  • height in feet 173
  • floors 13
  • AG Initial Price $ 190,926,000
  • ag file plans 04/12/2005
  • AG FILE Link
  • residential units 41
  • commercial units 5
  • hotel units 0
  • total units 47
  • square feet 156,000
  • const. status BUILDING COMPLETE
  • block and lot 1-00474-7506
  • BIN 1087559
Condominium Units+
  • Event Residential Sales
  • Building Name 40 Mercer Street
  • Address Unit 17, 40 Mercer Street
  • Unit 17
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,222
  • Price $ 3,200,000
  • Price per foot $ 2,618.66
  • Publication Date 11/04/2015
  • Event Date 10/16/2015
  • Party 1 Lee, James Bainbridge Iii
  • Party 1 Entity Jdw, LLC
  • Event Sales
  • Address 465 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 14,100
  • Price $ 80,000,000
  • Price per foot $ 5,673.76
notes
The retail condo sold for $80 million.
  • Event Sales
  • Address 465 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 14,100
  • Price $ 57,000,000
  • Price per foot $ 4,042.55
notes
The retail condo sold for $57 million. The space consists of 9,400 square feet on the ground floor and 4,700 square feet below grade. The deal was financed with a $42 million acquisition loan from Mesa West Capital and equity from Savanna Real Estate Fund II.
  • Event Sales
  • Address 465 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 9,400
  • Price $ 41,900,000
  • Price per foot $ 4,457.45
  • Publication Date 06/01/2010
  • Event Date 04/22/2010
  • Party 1 Savanna
  • Party 2 GLL Real Estate Partners
notes
The retail space at 40 Mercer, a condo, sold for $41.9 million.
  • Event Retail Leasing
  • Address 40 Mercer Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,640
notes
The high-end electronics retailer took space in the new residential development.