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    117 Mercer St New York, NY 10012

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    For Lease
    Contact for pricing

    Loft office space with classic details and high ceilings.

    Property size:
    3,550 SF
    Lot size:
    0.06 Acres

    Property Features for 117 Mercer St

    General Information

    Size
    3,550 SF
    Lot size
    0.06 Acres

    Source: Susan Penzner Real Estate Agent Nathan Stange

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Classic Loft Office Space

    This office space features a large, keyed elevator that opens directly into the space from a discrete lobby. The space includes approximately 11’9” ceilings and hardwood floors. Classic loft details are present, including a metal fire door, exposed brick, and a brick archway. The layout includes one restroom and additional water connections for a wet-pantry. Building heat and a window A/C unit are in place, with the potential for new central A/C subject to qualified terms. The space is delivered as-is, ready for tenant improvements. The property size is 3550 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9992305
    Latitude
    40.7240113

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    FAQs

    What type of property is this?
    Office space - Loft office space with classic details and high ceilings.
    Where is this office space located?
    The property is located at 117 Mercer St New York, NY.
    What are key features of this property?
    This property features: - Keyed elevator opens directly into the space for added privacy.; - Enjoy the benefit of high ceilings (approx. 11’9”).; - Classic loft details include exposed brick and a brick archway.
    (917) 873-5604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Mercer St New York, NY 10012
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