- Year built
- 1869
- Type
- Former store-and-loft building
- Landmark
- Designated
- Amenities
- Keyed elevator, virtual entry system and in-home laundry
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 131 Mercer Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
131 Mercer Street was built in 1869 for Gustave Herter, whose furniture and decorating business became Herter Brothers. An additional story was added in 1881. The six-story store-and-loft structure has a brick-and-stone upper façade and a cast-iron storefront. Its residential conversion by Joseph Pell Lombardi retained the commercial base and introduced loft homes above.
The conversion received LPC, Board of Standards and Appeals and City Planning approvals. The building now contains ten residential condominium lots and one commercial lot within the SoHo-Cast Iron Historic District.
Architecture and unit composition
The residential floors retain the proportions and structural vocabulary of an older commercial loft. Exposed brick, cast-iron columns and beams appear within the homes, while large windows face the Mercer Street frontage. The key-locked elevator serves the upper floors.
The recurring loft footprints are roughly 1,700 to 2,050 square feet. Larger penthouse accommodation extends over multiple levels, with double-height living space and rooftop outdoor areas. Private roof rights attach to particular homes; they are not a general building amenity.
Bedroom partitions and interior renovations vary across the open floor plates. In-home laundry is present, and the broad living areas reflect the building's original loft use. The historic masonry envelope encloses these contemporary residential layouts.
Building operations
The entry system includes virtual visitor access and a keyed elevator. A renovated lobby serves the residences. The ground-floor commercial space remains a distinct condominium interest, with its own tax classification.
The largest single owner holds three of the ten residential lots in the DOF roll. An incoming owner joins a small association in which that holding accounts for a material share of the residential inventory.
Policy framework
Pets: Allowed — confirm with the managing agent.
Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| May 27, 2025 | 2B | $3,425,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00499-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
What to know if you’re buying
The historic storefront and upper masonry belong to one building envelope. A proposed façade or window change must respect the district designation, while the allocation of work between commercial and residential interests follows the condominium documents. Private roof access also needs to be read alongside responsibility for the roof structure below it.
Comparable buildings
- 115 Mercer Street — A nearby small condominium in a nineteenth-century building on the same street.
- 90 Prince Street — A small prewar SoHo condominium with a comparable ownership format.
- 118 Wooster Street — A six-story prewar condominium alternative for loft buyers.
- 107 Greene Street — A nineteenth-century condominium conversion with a modest residential inventory.
- 77 Mercer Street — Another small Mercer Street condominium in older loft stock.
More Tribeca buildings
- 111 Murray Street — 2018 condominium by Kohn Pedersen Fox (KPF)
- 112 Hudson Street — 1886 condominium
- 116 Hudson Street — condominium
- 130 Watts Street — 1920 condominium
- 134 Duane Street (Main Duane) — 1859 co-op
- 137 Duane Street — 1864 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 131 Mercer Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.