41-43 Mercer Street, New York, NY 10013-2617

BKREA has been exclusively retained to arrange the sale of 41-43 Mercer Street, a rare development opportunity in the heart of SoHo, Manhattan.

Location Details

• Located on the west side of Mercer Street between Broome Street and Grand Street.
• Offers approximately 49 feet of frontage on one of SoHo’s most desirable cobblestone blocks.
• Positioned within one of Manhattan’s premier retail and residential neighborhoods.

Site Specifications

• Comprised of two existing buildings:
  • 41 Mercer Street: One-story building.
  • 43 Mercer Street: Four-story storehouse.
• Provides a unique repositioning and redevelopment opportunity in a highly constrained market.

Development Plans

• Proposed plans submitted to the Landmarks Preservation Commission include:
  • Demolition of the one-story building at 41 Mercer Street.
  • Construction of a new six-story cast-iron building.
  • Removal of the shared party wall to merge both buildings into a single development.
  • Rooftop and rear-yard additions to 43 Mercer Street.
  • Conversion of the upper floors of 43 Mercer Street to residential use.

Neighborhood Demand Drivers

• Located in the heart of SoHo, one of Manhattan’s most sought-after neighborhoods.
• Surrounded by luxury retail, acclaimed restaurants, art galleries, and high-end residential properties.
• Strong demand for boutique mixed-use and residential developments in a supply-constrained market.

Opportunity Highlights

• Rare opportunity to develop and reposition a prime SoHo property.
• Approved redevelopment concept creates a modern mixed-use asset while preserving the neighborhood’s historic character.
• Exceptional frontage on a premier cobblestone block.
• Opportunity to capitalize on sustained demand for luxury residential and retail space in one of Manhattan’s most prestigious neighborhoods.