- Year built
- 1867
- Type
- Cooperative
- Units
- 6
- Floors
- 5
- Landmark status
- Not an individual landmark; in the SoHo-Cast Iron Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Maximum financing
- 80% of the purchase price
- Doorman
- No doorman
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median, 2025–2026
- $4.4M
- 2 qualifying sales
- Recent range
- $4M – $4.8M
- Listing discount
- 0.0%
- Recorded transfers
- 9
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A Private Pricing Opinion — what your apartment at 35 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.
Six apartments. That is the whole building, above a full-footprint store on the corner of Grand and Mercer. The structure went up in 1867 for Amos Eno — a stone front over a cast-iron ground-floor base, five stories of merchandise loft in the district that would eventually be designated the SoHo-Cast Iron Historic District. LPC's building database records no architect, which is common for speculative store-and-loft work of the 1860s and which means this page carries no architect attribution rather than a guess.
The date that actually distinguishes the building is 1970. That November, title passed to Grand & Mercer St Corp — the cooperative that still owns it. SoHo's artist-loft movement was then barely legal; the city's artist-in-residence framework was in its infancy and the Loft Law was still twelve years away. The corporation’s 1970 acquisition establishes its purchase date, but ownership conversion does not establish lawful residential occupancy or exclude later Loft Law coverage. Check the original certificate of occupancy and Loft Board history before concluding that no part of the property was an Interim Multiple Dwelling. A J-51 abatement followed in 1978, twelve years at 90 percent against $137,600 of alteration work, and it expired in tax year 1989. The roll shows no exemption since; co-op abatements are applied at the bill level, so check the apartment's tax bill.
The occupancy classification is Joint Living-Work Quarters for Artists, and it is current, not vestigial. A 2003 Alteration Type 1 recorded the change of occupancy for existing JLWQA space, and DOB NOW filings as recent as 2025 still describe individual apartments as joint live-work space. This is the single most consequential fact for a buyer here. JLWQA occupancy historically carried a certification requirement administered through the Department of Cultural Affairs, and it constrains who may lawfully occupy the apartment. The December 2021 SoHo-NoHo rezoning, which mapped this lot into the Special SoHo-NoHo Mixed Use District, created a pathway for converting JLWQA units to conventional residential use — but that pathway is a filing, not an automatic change, and whether this cooperative has pursued it is a question for the managing agent and your attorney, not an assumption to make from the zoning map.
The economics are shaped by the retail. The profile identifies a 4,188-square-foot cooperative-owned corner store on Grand Street occupied by a national fashion retailer below six apartments. Floor area and apartment count do not establish current lease receipts or their budget share; review the lease, expenses, collections and net income before assigning a maintenance benefit.
Architecture and unit composition
The lot fronts 35 feet on Mercer and runs nearly 120 feet west along Grand, which gives the apartments a long corner elevation and windows on two streets. Market records describe ceilings around twelve feet, fluted cast-iron columns, exposed brick and hardwood floors — the standard vocabulary of an 1860s SoHo loft that has been lived in rather than gutted to a new-development finish. Recorded share transfers show apartment designations across floors two through five, including East and West lines on the middle floors and a full plate at the top; the six-apartment count means most residents occupy a full or half floor.
Renovation history in the building runs unit-by-unit through the DOB record: apartment work in 2004, 2007, 2010, 2020, and a substantial 2022 renovation of the third-floor live-work space followed by a 2024–2025 renovation on the second floor. Building-wide work appears in 2004 (sprinkler extension cellar through fifth floor, boiler replacement, HVAC modifications), 2005 (hot water and boiler work), 2006 (elevator shaft and bulkhead repair, entrance door replacement) and 2004 again for a 165-foot sidewalk shed during façade pointing on both street frontages.
Building operations
There is no doorman and no staff program to speak of. The building runs on a managing agent, a keyed elevator, a common roof deck, a bike room and private storage. Capital posture should be read out of the audited financial statements rather than inferred; the visible DOB record shows a mechanical refresh cycle in the mid-2000s and façade pointing in 2004, but this five-story building is below FISP's more-than-six-story threshold. Ask for current façade-condition and maintenance records and elevator work plans regardless. Review expense allocations and the retail lease's actual net contribution before assigning costs to the six residential interests.
Policy framework
Ownership form: Cooperative. Purchase is a share transfer with a proprietary lease, a full board package and an interview.
Occupancy: JLWQA. This is a genuine restriction on use and occupancy, not a formality, and it should be reviewed with counsel against your intended use of the apartment.
Everything else is unpublished. We could not verify a flip tax, a financing ceiling, a post-closing liquidity requirement, a sublet policy, a pied-à-terre position, or a trust or LLC policy for this cooperative from any source we are prepared to stand behind. Request them in writing from the managing agent before making an offer.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $650 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Buyer | When With the application | Amount $150 per additional applicant and any occupant 18 or older residing in the unit (Note: International credit checks may cost more. | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable Refundable |
Sublet
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeRequired | Paid by Subtenant | When With the application | Amount $600 (includes one free credit check) | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $20 per additional applicant after free credit check and any occupant 18 or older residing in the unit. | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
| Move In Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Subtenant | When With the application | Amount $300 | Refundable Non-refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $350 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
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Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of August 2026
Building staffing and amenities
- Doorman
- No doormanSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Roof deck, bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
This is full-floor and half-floor SoHo loft product in a landmarked cast-iron-district building, and it prices accordingly — on ceiling height, corner light, condition and the absence of carrying costs that a serviced building would impose. Share transfers on this lot span roughly two decades and cover most of the six apartments, some more than once, so there is an internal comparable set; with six units, a single trade moves the building's apparent average, and pricing here is a line-by-line and condition-by-condition exercise rather than a building-average one. The right comparable set is small SoHo loft cooperatives, not the district's converted loft condominiums, whose policy framework and buyer pool are structurally different. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Mar 10, 2026 | 3W | 3 BR · 2 BA | $4,010,000 | +0.4% | |
| Jan 10, 2025 | 3E | 3 BR · 2 BA | $4,750,000 | +0.0% | |
| Jul 19, 2021 | 3E | 2 BR · 2 BA · 1,700 sf | $3,450,000 | $2,029/sf | +0.0% |
| Jun 11, 2021 | 2E | 2 BR · 2 BA | $2,895,000 | +0.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $2,029/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 0.0% from the last ask.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00230-0030). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
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What to know if you’re buying
Resolve the JLWQA question first. The occupancy is live and appears in DOB filings through 2025. Ask the managing agent whether the cooperative has filed to convert units to conventional residential use under the 2021 SoHo-NoHo rezoning, and have your attorney confirm what the current certificate of occupancy actually says before you sign a contract. This is the diligence item most likely to affect financing and resale.
Get the policy stack in writing. Flip tax, financing ceiling, post-closing liquidity, sublet policy, pied-à-terre position, trust and LLC treatment — none of it is published for this building. Have counsel reconcile written management responses and board practice with the operative proprietary lease, bylaws, offering plan and valid amendments. Run the Co-op Board Qualification Calculator once you have a real number.
Underwrite from the current bill. The J-51 that ran from 1978 ended in 1989, and the assessment roll shows no exemption; confirm on the apartment's tax bill that no abatement applies. Future bills still change with assessments and tax rates.
Read the retail lease. Establish what net income the store contributes to this six-apartment cooperative and what share of the current budget it covers. Term, rent and renewal are numbers you should have before you price the apartment.
Landmark review applies to the exterior. SoHo-Cast Iron Historic District designation governs windows, storefront and any rooftop work in addition to DOB approval. Budget the time as well as the cost.
What to know if you’re selling
Present the JLWQA position rather than letting it surface late. A buyer's attorney will find it. Sellers who arrive with the certificate of occupancy, the current occupancy position and the board's stance on the SoHo-NoHo conversion pathway close cleaner and faster than sellers who do not.
Lead with the corner and the ceiling height. Two street frontages, roughly twelve-foot ceilings, cast-iron columns and an 1867 designated envelope are the building's durable arguments — none of them depend on services the building does not have.
Price against small SoHo co-ops. Nearby converted loft condominiums have different governing documents and carrying-cost structures. They can provide secondary context if those differences, occupancy restrictions, layout and condition are accounted for; no ownership label alone establishes the correct price.
Comparable buildings
If you're considering 35 Mercer Street, also evaluate:
- 93 Mercer Street — small SoHo loft cooperative on the same street; the closest peer on ownership form and scale
- 33 Greene Street — cast-iron-district loft co-op a block west
- 45 Crosby Street — boutique SoHo loft cooperative with comparable staffing posture
- 16 Crosby Street — small SoHo co-op; similar unit-count economics
- 477 Broome Street — SoHo loft cooperative in the designated district
- 106 Spring Street — small SoHo co-op with retail below
- 14-16 Wooster Street — loft cooperative of similar vintage and scale
- 15 Mercer Street — on this same tax block (block 230); the loft condominium alternative
- 10 Greene Street — also block 230; converted loft condominium with a different policy framework
- 22 Mercer Street — block 231, one block south; boutique Mercer Street condominium
- 74 Grand Street — the nearest Grand Street loft alternative
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 35 Mercer Street?
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646.939.7375 · c.cohen@compass.com