114 Mercer Street #5th Floor, New York City, NY 10012
Listing Courtesy of Sothebys International Realty
$3,195,000
Potential Rebate: $47,925
Overview
Impeccably Renovated Soho Loft with Timeless Character and Modern Luxury.
This exceptional full-floor Soho loft masterfully blends authentic prewar character with sophisticated contemporary design. Rarely does a residence offer such a perfect balance of scale, style, and substance.
A private keyed elevator opens directly into the expansive home, revealing soaring 11-foot barrel-vaulted ceilings and dramatic, oversized west-facing windows that flood the space with natural light. Whitewashed brick walls, wide-plank white oak floors, smart home window treatments and custom lighting throughout enhance the loft’s warmth.
The open-concept layout includes a custom-designed primary bedroom with an en-suite bath and offers flexibility for a second bedroom or home office. The craftsmanship and attention to detail are truly exceptional. The chef’s kitchen is a standout, featuring custom millwork by renowned Italian design house Molteni&C | Dada, a full suite of Miele appliances, including a professional-grade Miele five-burner electric cooktop. A striking 10-foot stone countertop anchors the space, complemented by a Blanco Precision sink, InSinkErator, filtered hot/cold water system, tall pantry, and wine reserve. The serene primary suite features a custom walk-in closet by TransForm and a spa-inspired bathroom with a large walk-in shower, Duravit double vanity, radiant NuHeat floors, and Hansgrohe fixtures. The secondary bathroom offers an oversized Duravit soaking tub and matching high-end finishes. Additional features include multi-zone central air conditioning and an in-unit Miele washer and dryer for ultimate convenience.
Built in 1903 by architect John W. Stevens, 114 Mercer Street is a 10-story, 18-unit AIR cooperative (AIR waiver permitted), showcasing a striking marble façade in the heart of the landmarked SoHo Cast Iron District. The building permits subletting, guarantors, co-purchasing, foreign purchasers, pied-à-terre use, live/work flexibility, parents purchasing for children—all with board approval. Pets are welcome.
A truly rare offering where classic loft living meets impeccable modern design in one of Manhattan’s most desirable neighborhoods.
*Represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with their legal or architectural professionals to determine legal use parameters.
Home Features
- •Central Air
- •In Unit
- •Eat-in Kitchen
- •Dishwasher
- •Hardwood
- •City
Estimated Monthly Payment
$19,358 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$47,925
Monthly savings impact
$133/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS20025018
Price Analysis
Compare average listing prices and value metrics for 114 Mercer Street Floor against the surrounding SoHo market.
Average List Price
Price Per SqFt
97.20% Lower
than the SoHo price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
SoHo
Overview of SoHo
SoHo (South of Houston) is the retail capital of New York City and a global icon of loft living. Famous for its cast-iron architecture and cobblestone streets, it is an open-air mall of high fashion and art. For buyers exploring SoHo Manhattan real estate, it offers the ultimate "downtown" lifestyle.
Living in SoHo, Manhattan is stylish and energetic. The streets are a runway, filled with models, tourists, and locals shopping at flagship stores. As a premier Manhattan NYC neighborhood, it combines historic industrial beauty with modern luxury.
Real Estate & Housing Market
The market for homes for sale in SoHo is legendary. It is defined by massive cast-iron lofts with soaring ceilings, Corinthian columns, and oversized windows. These spaces, once factories, are now some of the most expensive apartments in the world.
New construction is rare and often hidden behind historic facades. The area attracts a global elite—from tech entrepreneurs to Hollywood stars—who value the unique architectural character and central location.
Lifestyle & Community
The lifestyle in SoHo is cosmopolitan. Residents have the world's best shopping at their doorstep, from Chanel to Supreme. Dining is equally high-end, with power-lunch spots like Balthazar serving as neighborhood institutions.
The community is a mix of old-guard artists (who are protected by AIR - Artist in Residence zoning) and wealthy newcomers. It is busy by day but quiets down surprisingly well on the side streets at night.
Transportation & Accessibility
SoHo is incredibly well-connected. The R/W trains at Prince Street, the 6 at Spring Street, and the C/E at Spring Street provide comprehensive coverage. Canal Street to the south offers access to almost every line.
It is a walker's paradise. You can easily walk to Tribeca, the West Village, and Nolita, making it the perfect launchpad for downtown exploration.
Parks, Schools & Amenities
While SoHo itself is dense with buildings, it is close to Hudson River Park to the west. The Vesuvio Playground is a local favorite for families.
Amenities are focused on consumption: high-end gyms like Equinox, luxury spas, and gourmet markets like Dean & DeLuca (historically, though the retail landscape shifts). It is a neighborhood designed for those who enjoy the finer things.
Who This Neighborhood Is Best For
SoHo is best for fashion lovers, art collectors, and buyers who dream of authentic loft living in one of the world's most recognizable neighborhoods.
