170 Mercer Street, New York, NY 10012

Located along the iconic cobblestones of the SoHo Cast-Iron Historic District, 170 Mercer Street boasts approximately 25 feet of prime frontage along Mercer Street between Prince and West Houston Street. Comprising 5,399 square feet across the ground floor, mezzanine, and lower level, the space was recently transformed by ownership into a dramatic flagship environment by removing the third floor to achieve soaring 24-foot ceilings and exposed red brick. The unit sits at the base of a boutique, five-story luxury residential loft building.

The asset is 100% leased to Magda Butrym, an elite global fashion house that recently signed a new 10-year lease. Since its founding in 2014, Magda Butrym has ascended to the forefront of the luxury womenswear market, with a significant presence in Paris, London, and New York. Rent is anticipated to commence on August 1st, 2026, featuring 3% annual escalations that provide a consistent hedge against inflation. The lease structure is highly favorable, with the tenant responsible for 100% real estate tax increases over the 2026/2027 base year, as well as all utilities and non-structural repairs.

Underlining a deep commitment to this location, Magda Butrym is investing $2.7 million into a bespoke buildout designed by the renowned architecture firm Stamuli. The project is being executed by Michilli Inc., a general contractor with an extensive portfolio of buildouts for LVMH and other major fashion houses. As part of this comprehensive renovation, the tenant is also installing a private elevator to provide seamless connectivity between all levels.

Situated in the heart of SoHo, Manhattan's premier luxury retail destination, the unit benefits from elite neighboring co-tenancy and robust international foot traffic. The property offers unrivaled accessibility via the Broadway-Lafayette Station (B,D,F,M,6), Prince Street Station (R,W), and Spring Street Station (C,E), anchoring it as a high-visibility flagship opportunity.