Welcome to one of SoHo's most prestigious addresses, where modern luxury and elegance converge in this extraordinary residence designed by Pritzker Prize-winning architect Jean Nouvel and developed by famed hotelier Andre Balazs. Residence 5 is a stunning Southeastern corner 3-bedroom, 3. 5-bath home, boasting an expansive 2, 370 square feet of living space with soaring 12-foot ceilings and oversized, noise-reducing, floor-to-ceiling windows. The open floor plan features a dramatic entrance gallery, a chef's kitchen designed by Bulthaup, complete with Mahogany cabinetry, Gaggenau stove, Miele dishwasher, Subzero refrigerator, wine fridge and garbage disposal. The bright, sun-flooded living/dining room seamlessly flows from the open kitchen, creating a perfect space for entertaining. The primary bedroom offers large walk-in closets and a luxurious en-suite bath appointed with Thassos marble, double sinks, a separate shower and a soaking tub. The second and third bedrooms each feature en-suite bathrooms and custom closets. The third bedroom features a sliding wall that seamlessly opens to expand the living room to even greater proportions. This home is also equipped with an abundance of custom closets, a laundry room with washer/dryer and central air and heat. 40 Mercer Street offers an array of exceptional amenities, including a 24-hour doorman, concierge, live-in superintendent, underground parking with direct building access, plus a heated lap pool, Jacuzzi, sauna, steam room, state-of-the-art gym with Pilates reformer/chair, showers, lockers, and massage room. Outdoor access includes a tranquil landscaped common courtyard and a breathtaking planted rooftop terrace, making it an ideal retreat within the city. Transportation is made convenient with nearby access to N, Q, R, W, 1, 6, A, & C trains, allowing for seamless connectivity to the rest of the city. This collaboration between Andre Balazs and Jean Nouvel is a testament to modern luxury, elegance, progressive architecture, and ingenious engineering. The 14-story building features magnificent glass curtain walls with a rhythm of panes in vibrant hues of red and blue. 40 Mercer is luxury unparalleled. Don't miss the opportunity to call this trophy home your own and experience one of the most exclusive addresses downtown. Kindly note the listing photos have been virtually staged.
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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 | $5,104,000 | $5,104,000 | $5,104,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $5,286 | $5,286 | $5,286 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,581 | $31,012 | $42,043 |
Total Monthly Payment | $33,992 | $36,423 | $47,454 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.