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170 Mercer St
New York, NY 10012 SoHo

$11,950,000 USD

Apartments Condo For Sale  •  5,399 SF

Property Details

  • Property Type Apartments
  • Total Building Size 29,057 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1900
  • Zoning R5
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 170 Mercer St Retail 5,399 SF $11,950,000 USD
  • Unit Size: 5,399 SF
  • Condo Use: Retail
  • Price: $11,950,000 USD
  • Sale Type: Investment
  • Price/SF: $2,213.37 USD
Description
Fully leased retail condo in SoHo with 24-ft ceilings, 25-ft frontage, and bespoke high-end design by Stamuli for Magda Butrym.

Sale Notes
Avison Young, as exclusive agent, is pleased to offer for sale the retail condominium at 170 Mercer Street (the “Unit”). Located along the iconic cobblestones of the SoHo Cast-Iron Historic District, the Unit boasts approximately 25 feet of prime frontage along Mercer Street between Prince and West Houston Street. Comprising 5,399 square feet across the ground floor, mezzanine, and lower level, the space was recently transformed by ownership into a dramatic flagship environment by removing the third floor to achieve soaring 24-foot ceilings and exposed red brick. The Unit sits at the base of a boutique, five-story luxury residential loft building.


The asset is 100% leased to Magda Butrym, an elite global fashion house that recently signed a new 10-year lease. Since its founding in 2014, Magda Butrym has ascended to the forefront of the luxury womenswear market, with a significant presence in Paris, London, and New York. Rent is anticipated to commence on August 1st, 2026, featuring 3% annual escalations that provide a consistent hedge against inflation. The lease structure is highly favorable, with the tenant responsible for 100% real estate tax increases over the 2026/2027 base year, as well as all utilities and non-structural repairs.

Description 

170 Mercer Street is a restored cast-iron retail condominium situated in the heart of SoHo’s historic district. Featuring a classic façade and dramatic interiors, the property delivers a distinct blend of historic character and modern prestige. Its prominent frontage along Mercer Street ensures exceptional visibility, while the open plan layout and soaring 24-foot ceilings provide flexibility for flagship retail concepts. Designed to complement luxury branding, the recently reimagined space incorporates a full interior renovation, structural enhancements, and private elevator connectivity between levels. Located steps from premier fashion houses, global retailers, and upscale dining, the property benefits from unmatched pedestrian traffic and easy access to Broadway-Lafayette and Prince Street subway stations, enabling seamless citywide connectivity. Positioned among world-class brands, 170 Mercer Street captures the essence of SoHo retail, offering a rare opportunity within one of Manhattan’s most coveted shopping destinations.

Highlights

Transit-Oriented Access
Significant Tenant Investment
Brand New 10-Year Lease
Exceptional Re-designed Space
Flagship SoHo Location

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 15 min 0.8 mi
9 St (Path) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 15 min 0.8 mi
Transit/SubwayDriveWalkDistance
Broadway-Lafayette Street (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 0 min 1 min 0.1 mi
Prince St (Broadway Express - Q - MTA New York City Transit, Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit) 0 min 2 min 0.1 mi
Bleecker Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 0 min 3 min 0.2 mi
Spring Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Spring Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
AirportDriveWalkDistance
LaGuardia 20 min - 9.8 mi
Newark Liberty International 19 min - 12.3 mi
John F Kennedy International 30 min - 18.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Brandon Polakoff 212-230-5998 Avison Young
Brandon Polakoff 212-230-5998 Avison Young