93 Mercer Street, #3W, New York (Soho), NY, 10013 | $2,250,000

Rare opportunity to earn rental income while getting your renovation plans approved! Tenant's lease runs through mid June 2025, and they are open to renewing should the new owner decide to extend. Located on a serene, cobblestone street in the heart of Soho, this quintessential loft is a blank canvas awaiting the design of your dreams. Spanning approximately 2, 150 +/- square feet with dual south and west exposures, its unique, square footprint offers rare flexibility, allowing for a variety of layouts to best suit one’s needs. Currently configured with two bedrooms and one bathroom, the apartment can easily accommodate up to three bedrooms and three bathrooms and still provide a gracious, central living and kitchen area. The west exposure showcases 6 windows, and the south side offers the possibility upon approvals to add even more windows as other units in the building recently have. The kitchen was recently updated with new cabinetry and features an industrial Viking range and white quartz counters. The bathroom also gleams with recent upgrades including an oversized vanity and new stone flooring. 93 Mercer stands as a testament to Soho's rich history, its cast-iron facade having weathered the time since 1901. Located just steps from the intersection of Mercer and Spring Streets, this boutique building is an exclusive community of just 10 units and offers the added perk of significantly sized deeded storage spaces amidst remarkably low maintenance. A gem within the city, this loft represents a unique opportunity not to be overlooked. The initial four images depict renderings based on an alternative floor plan, subject to approvals. These visualizations are based on a design crafted by the esteemed award-winning firm APS Designs, led by Antonio Pio Saracino. An assessment of $694 per month is in effect. .

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 6
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: InUnit
  • Year Built: 1900
  • Pet Policy: Pets Allowed
  • Washer / Dryer: Yes
  • Building Access : Keyed Elevator
  • Service Level: Voice Intercom
  • OLR#: PRCH7812858
  • Days on Market: 293 days
  • Website: https://www.raveis.com
    /prop/PRCH7812858/93mercerstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Sotheby's International Realty, Inc.

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NMLS Mortgage Loan Originator ID 1880936

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93 Mercer Street, #3W, New York (Soho), NY, 10013

$2,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,800,000 $1,800,000 $1,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,648 $11,526 $15,311
Total Monthly Payment $10,773 $11,651 $15,436

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.