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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.
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