11 Mercer St - Apartments CONDO FOR SALE


New York, NY 10013
$1,750,000 USD
917-445-8500
11 Mercer St, New York, NY for Sale
$1,750,000 USD
Apartments CONDO - FOR SALE
1/15
null | Request Cap Rate

11 Mercer St
New York, NY 10013


HIGHLIGHTS

  • 3,850 ft² of Open Space (currently separate with sheet rock partitions)
  • Skylight (currently covered)
  • Opportunity to combine this storage unit with the 3,984 ft² Ground Floor Retail unit $7.5M (sold separately)

OVERVIEW

Incredible 3,850 ft² lower level storage CONDO unit for sale in prime Soho at 11 Mercer Street with Skylight. This condo storage unit has direct elevator access through common area and tons of potential. Images shown here reflect white box condition with partitions and covered skylight, however, space can be completely opened with only exposed supporting beams. The only legal use now for the basement is storage, however the Retail Store above it is also for sale and if the two spaces were combined, it's likely the basementy use could be changed to retail use. The storage unit has elevator access from the street, stair access, and sidewalk hatch access. There are windows with West exposures into a courtyard, and also a huge skylight that is in need of restoration.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

24,085 SF

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

M1

APN/PARCEL ID

0230-1057

ASK ABOUT THIS PROPERTY

Michael DavisCompassMore Info
917-445-8500

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Michael DavisCompassMore Info
917-445-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.