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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


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Key Facts

Year Built 1910
Building Area
Occupancy 100.0 %

Property Description

5-7 Mercer Street is a 17,847 SF, mixed-use property located in SoHo.

Investment Highlights

Jones Lang Lasalle Americas, Inc (“JLL”) has been exclusively retained to arrange the sale of 5-7 Mercer Street (the “Property”), a 17,847 SF, mixed-use property located in SoHo. The Property is a classic cast-iron building anchored by Oak & Fort and Billionaire Boys Club. The office and residential portion boast 14’ ceiling heights and provide short-term and long-term upside through the potential reconfiguration of existing tenant space. Located at the highly unique T-intersection of Howard and Mercer, the Property is afforded unparalleled visibility within one of the most dynamic live/work/play corridors in New York City and at the center of a new generation of retailers, as well as within close proximity to the N,Q,R, W, J, Z, A, C, E and 6 trains. 5-7 Mercer Street presents the opportunity to acquire a stable cash-flowing asset with immediate upside within New York City’s most highly sought-after neighborhood.
Last Updated Date: 01 Sep 2020

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Last Updated Date: 01 Sep 2020

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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