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.