515 Broadway #3A, New York City, NY 10012
Listing Courtesy of Sothebys International Realty
$2,595,000
Potential Rebate: $38,925
Overview
Approximately 3,000 square feet of unparalleled potential in the heart of Soho, available for under $1,000 per square foot.
This is a rare opportunity to purchase a true floor-through loft (currently configured as two separate units) in one of Soho’s largest and most iconic pre-war cooperatives. With its impressive block-long footprint from Broadway to Mercer Street, the building offers a distinct combination of privacy and grandeur. Each address—513, 515, 519 Broadway, and 84 and 94 Mercer Street—features its own private entrance, foyer, staircase, and key-locked elevator.
Upon entry, you’re welcomed by soaring 14-foot ceilings, hardwood flooring, and exceptional light pouring through oversized windows. The space boasts approximately 3,000 square feet, including an open-concept layout perfect for entertaining, two washer/dryers, an abundance of closet space, and two lofted areas. What makes this property truly special is the unique opportunity!
Renovated floor-throughs in the coop have proven to have enormous upside potential. Customize and modernize the space to your vision, and you’ll enjoy not just a luxurious residence but also a sound investment in one of Manhattan’s most desirable neighborhoods.
Located in the historic Soho Cast-Iron District, 84 Mercer is one of five residential buildings within the renowned 515 Broadway cooperative. This Queen Anne-style gem, built in 1884 on the site of the legendary St. Nicholas Hotel, showcases an extraordinary blend of brick, terracotta, and cast iron. Converted into a residential cooperative in 1978, it is a standout example of Soho’s architectural and cultural history.
This pet-friendly coop offers secure key-locked elevator access and allows subletting for added flexibility. Situated between Spring and Broome Streets, 84 Mercer places you at the epicenter of downtown sophistication. World-class dining, vibrant nightlife, and unbeatable shopping surround this prestigious address, solidifying its status as a crown jewel of Soho living.
Additional Details:
•2% flip tax paid by buyer
•Unique opportunity to create a one-of-a-kind residence
* Owners added 3 Phase 200 Amps when they purchased
Don’t miss your chance to own a piece of New York City’s History.
Home Features
- •In Unit
- •City
Estimated Monthly Payment
$18,218 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$38,925
Monthly savings impact
$108/mo
Effective Purchase Price
$2,556,075
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS10972140
Price Analysis
Compare average listing prices and value metrics for 515 Broadway against the surrounding SoHo market.
Average List Price
Price Per SqFt
99.11% 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.
