72 Mercer Street
72 Mercer Street, New York, NY 10012
SoHo
BBL 1004847501 · BIN 1087558
- Year built
- 2005
- Type
- Condominium
- Units
- 484
- Floors
- 7
- Landmark
- Designated
- Pets
- Permitted — not more than two per unit, per the house rules on file, subject to board rules on size and noise; a pet registration form is part of the purchase application
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,579
- Listing discount
- 3.6%
- Recorded sales
- 25
- On record
- 2007–2026
There are only a handful of buildings in SoHo that were designed from nothing, on a vacant parcel, after the district was designated — and this is one of them. The Landmarks Preservation Commission's own building record for the lot says so in as many words: new construction post-designation, on a site the 1973 designation report had recorded as a parking lot. Everything about the building follows from that fact.
Building new inside the SoHo–Cast Iron Historic District is a permissions problem before it is an architecture problem. The paper trail here is complete and it is worth reading in order. In August 2000 a preservation consultant filed for a status determination on a new building at the site; the Commission issued a Certificate of Appropriateness on November 29, 2000, and the Department of Buildings permitted the new-building application on the same day. Design changes went back to the Commission as an amendment in 2003, filed by the project architect. Construction carried through to a 2005 completion, and the condominium declaration was recorded in December 2007. A decade later the building went back to LPC a second time — a Certificate of Appropriateness for a rooftop addition issued in September 2010, matched by a Department of Buildings alteration for "penthouse addition and new stair to roof" filed that June. A third Certificate of Appropriateness followed in October 2022. This is not a building that slipped through; it is a building whose every visible move is on the Commission's docket.
The result is a nine-residence house on a thirty-foot Mercer Street frontage, seven floors, one or two apartments per floor. The scarcity argument is straightforward: SoHo's inventory is overwhelmingly converted nineteenth-century loft, and converted loft comes with what conversion gives you — column grids, ceiling heights inherited from a warehouse, and mechanical systems threaded through a building that was not designed for them. Here the plates were drawn for apartments, the risers were designed for apartments, and every residence in the building was given private outdoor space at the outset. That last point is documented rather than marketed: the declaration allocates exclusive roof terraces to the second floor and both penthouses, and exclusive balconies to the third, fourth and fifth floors, all as limited common elements.
The structural quirk buyers should understand before they underwrite is the lot. Block 484, Lot 7501 is a through-block parcel — thirty feet wide, two hundred feet deep, Broadway to Mercer. The condominium spans it. The commercial unit at the Broadway end is a substantial retail space that the sponsor kept at the sellout and that has since traded twice to institutional retail ownership. That means a nine-unit residential building shares a condominium, a set of common elements and a board with a large retail interest whose economics have nothing to do with the apartments. In practice this is often an advantage — a well-capitalised commercial unit owner carries real common-charge weight — but it is a genuine governance feature and it belongs in your attorney's diligence, not in a footnote.
Architecture and unit composition
The Mercer Street elevation is a narrow, vertical composition that reads as infill rather than as a set piece: a masonry-framed base at the sidewalk, a regular window rhythm above, and a perforated screen at the crown that answers the pressed-metal and cast-iron cornices up and down the block without imitating them. On a thirty-foot lot inside a designated district, that restraint is the design.
Interior plates follow the lot. Floors two through four are laid out as East and West pairs, the fifth floor carries an East residence, and the penthouses occupy the top of the building — city alteration filings describe an east-facing triplex running through the fifth, sixth and seventh floors, which is why the recorded designations and the floor count do not map one-to-one. Ceiling heights and plate proportions read as loft-scaled rather than apartment-scaled, which is the point of the building. Residences have been renovated individually and continuously since the sellout: the Department of Buildings record for this building is a nearly unbroken run of interior alterations, terrace and roof repairs, and mechanical upgrades from 2009 forward, filed by a rotating cast of architects for individual unit owners.
Certificate-of-occupancy records for the building carry nine dwelling units throughout, with certificates tied to both the original new-building job and the 2010 penthouse-addition alteration; the most recent was issued in December 2022. Any buyer should read the current certificate rather than a summary of it.
Building operations
This is a small, self-contained house rather than a serviced tower. There is an elevator, a superintendent and a managing agent, and storage units allocated as limited common elements. There is no documented doorman, no fitness room and no amenity program — the building was not built with one and the common-charge base is correspondingly narrow. Roof and terrace maintenance is a recurring line item here, as it is in any building where most residences open onto occupied outdoor space: the alteration record includes a 2019 job to rebuild a failed terrace pedestal system and repair the water intrusion beneath it. Ask for the reserve position and the terrace and roof history.
Policy framework
Pets are permitted, capped at two per unit by the house rules on file, subject to the board's rules on size and noise and to a pet registration filed with the application. The Board of Managers holds a right of first refusal, and the transfer mechanics run through it: the purchase application requires the seller to request a waiver in writing, and the fee schedule carries a waiver fee payable by the seller. Beyond that, this is a condominium and behaves like one — pied-à-terre use, subletting, entity ownership and foreign purchasers are all within the ordinary framework, and the recorded ownership on this lot already includes trusts and limited liability companies. There is no documented flip tax.
One occupancy question belongs on every diligence list here. The building was approved and built while SoHo's manufacturing zoning permitted residential use only as Joint Living-Work Quarters for Artists. The December 2021 SoHo/NoHo rezoning mapped the lot into M1-5/R9X within the Special SoHo–NoHo Mixed Use District and made residential use as-of-right — but a zoning amendment does not by itself amend a building's certificate of occupancy. We have not confirmed the occupancy classification on the current certificate for this building. Confirm it with the managing agent and read the certificate itself before contract.
Local Law 97
- 2024–2029 annual penalty
- $646/yr
- 2030–2034 annual penalty
- $27,785/yr
- Per unit / month range
- $6 – $257
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
Nine residences means a thin, episodic trading record — several years can pass without a resale. Pricing here is set by the SoHo condominium market on a dollars-per-square-foot basis, with the building's specific premiums attaching to private outdoor space, floor height and the penthouse configurations, and its specific discount attaching to the narrow frontage and the absence of staff and amenities. The relevant comparison set is not the converted loft co-ops on Mercer and Crosby, which trade on a different tenure and a different buyer; it is the small ground-up and gut-converted condominium stock in the district. Because the building carries no abatement and never has, the carrying number here is the carrying number — there is no future tax step-up to underwrite against, which is a meaningful advantage over abated new-development inventory elsewhere in Manhattan. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, curated by The Roebling Team research desk. 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 19, 2026 | 5W | 2 BR · 2.5 BA · 2,133 sf | $5,500,000 | $2,579/sf | -5.1% |
| Nov 14, 2025 | 2W | 2 BR · 2.5 BA · 2,142 sf | $5,325,000 | $2,486/sf | -8.1% |
| Jun 21, 2022 | PHE | 4 BR · 4 BA · 4,075 sf | $10,225,000 | $2,509/sf | -17.9% |
| May 20, 2022 | 4W | 2 BR · 2.5 BA · 2,133 sf | $4,800,000 | $2,250/sf | -3.0% |
| Mar 15, 2021 | 2 | 2 BR · 2.5 BA · 2,133 sf | $3,750,000 | $1,758/sf | -16.4% |
| Jan 8, 2019 | 2E | 2 BR · 2.5 BA · 2,142 sf | $4,000,000 | $1,867/sf | -13.0% |
| Aug 1, 2018 | 5W | 2 BR · 2,133 sf | $3,950,000 | $1,852/sf | -1.3% |
| Apr 25, 2018 | PHW | 4 BR · 4,204 sf | $13,200,000 | $3,140/sf | -5.4% |
Market read. Most recent trades (2026) cleared a median $2,579/sf across 1 sale. Median listing discount 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 1-00484-7501) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Read the certificate of occupancy, not a summary of it. The occupancy-classification question described above is the single item most likely to surface late in a SoHo transaction. Resolve it early with the managing agent.
Understand the through-lot. Your condominium includes a large Broadway-front retail unit under institutional ownership. Ask for the common-charge allocation between residential and commercial, the by-law provisions governing the commercial unit's voting and cost-sharing, and any agreements between the residential and commercial interests.
Price the outdoor space honestly, and inspect it. Terraces and balconies are the building's defining feature and also its defining maintenance exposure. Ask for the terrace and roof repair history and the current reserve position.
Budget for the right of first refusal. It is a waiver process with a fee, not a board interview, but it takes time and it is the seller's obligation to initiate. Build it into the schedule.
What to know if you’re selling
Lead with the outdoor space and the scarcity of the building type. Ground-up construction inside the SoHo–Cast Iron Historic District is a genuinely small category, and the landmark approval history is a documented, verifiable story rather than a marketing claim.
Have the certificate of occupancy and the condominium's answers ready. Buyers' counsel will ask about occupancy classification and about the commercial unit. A seller who has the answers in hand converts two open questions into two footnotes.
Start the right-of-first-refusal waiver on signing. It is your obligation and it is the item most likely to delay a clean closing.
Comparable buildings
If you're considering 72 Mercer Street, also evaluate:
- 77 Mercer Street — the building directly across Mercer, on a different block and tax lot; the closest like-for-like address comparison
- 93 Mercer Street — boutique SoHo loft cooperative one block north; the tenure alternative at similar scale
- 42 Crosby Street — small SoHo condominium a block east; the closest comparison on unit count and buyer profile
- 47 Mercer Street — SoHo loft building at comparable density
- 22 Mercer Street — SoHo loft condominium south of Canal-side Mercer
- 15 Mercer Street — boutique loft building on lower Mercer
- 30 Crosby Street — loft condominium conversion nearby; the conversion alternative
- 285 Lafayette Street — large-plate loft condominium on the district's eastern edge
- 129 Lafayette Street — loft condominium with a similar buyer profile
- 372 Broome Street — SoHo condominium at comparable boutique scale
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Greenwich Village — read The Roebling Team Guide to Greenwich Village.
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.
Considering a move at 72 Mercer Street?
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A Private Pricing Opinion — what your apartment at 72 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.