170 Mercer Street, New York, NY 10012

SoHo, New York, New York 10012

$10,000,000  

Listing ID Number

24121

Property Description

The subject property is a 2,030 square foot vacant retail condo located on a prime block in Soho on Mercer Street, between West Houston and Prince Street. The property includes a dedicated entrance on Mercer Street, with a mezzanine level of floor to ceiling windows creating high visibility.

Mercer Street, between West Houston and Prince Street, has quickly become one of the most sought after retail corridors in Manhattan with high-end retailers such as Prada, Dolce & Gabbana, Balenciaga, Versace and Marc Jacobs, all calling this stretch of Mercer Street home. Retail rents on Mercer have remained strong with Dolce & Gabbana and The Kooples both paying over $600/sf and Derek Lam paying over $700/sf.

170 Mercer Street presents the unique and rare opportunity for either a retailer or investor to capitalize on the growing international interest in Soho retail.

Overview

Building Type:Commercial Condo/Co-op

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Guthrie Garvin
Senior Managing Director
(212) 660 7786
guthrie.garvin@cushwake.com

Robert Burton
Senior Managing Director
(212) 660 7770
robert.burton@cushwake.com

Michael Gembecki
Director
(212) 660 7743
michael.gembecki@cushwake.com

Keegan Mehlhorn
Senior Associate
(212) 660 7718
keegan.mehlhorn@cushwake.com


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Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.