69 Mercer StNew York, NY 10012

Property Details for 69 Mercer St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

14,091 SF

Zone code

M15R7X

Property type

Office properties

Property subtype

Office buildings

APN

00485-0033

APU

4850033

Description

This iconic six-story cast-iron building at 69 Mercer Street, SoHo, offers 15,000 square feet of prime office space, perfect for a single brand seeking a full-building presence or multiple tenants. The property boasts high ceilings, exposed ductwork, and abundant natural light, creating a creative and collaborative atmosphere. Units range from a minimum of 2,500 square feet to a maximum contiguous space of 7,700 square feet, with flexible lease terms available, including short-term and pop-up options. Built in 1890, this elevator building features a key-locked elevator for enhanced security and privacy. Located in the heart of SoHo, between Spring and Broome Streets, the building benefits from high foot traffic and proximity to designer boutiques, galleries, and restaurants. Excellent public transportation access includes nearby subway lines (N, R, 4, 5, 6, N, Q, R, A, C, E) and easy access to New York Penn Station (11-minute drive). Tenant improvement allowances are available. Currently, 12,700 square feet is available. This exceptional property presents a unique opportunity to establish a business in one of New York City's most desirable neighborhoods. The building is suitable for various office subtypes, including traditional, creative, executive, and coworking spaces, as well as showroom and retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,329,663

  6.5%

  $2,150,458

  7%

  $1,996,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,841,130

  Geo Method

  $1,841,130

• Alternative Use

  Use

  Valuation

  Residential

  $2,666,568

  Hospitality

  $2,442,562

  Educational

  $2,032,183

  Medical

  $2,102,073

  Retail

  $3,161,174

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7226

Longitude

-74.0006

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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