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    81 Mercer St New York, NY 10012

    Sponsored
    For Lease
    Contact for pricing

    Prime SoHo location, 27 parking spaces.

    Lot size:
    2,383 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,383 square foot surface parking lot at 81 Mercer Street, situated in the vibrant SoHo submarket of New York County, presents a unique investment opportunity. Boasting 27 parking spaces, including nine added by three lifts, this lot offers convenient access and high visibility. The property features a 23-foot frontage and is strategically located near Spring Street and Broome Street, surrounded by renowned retailers and restaurants such as Cipriani Downtown, Sadelle's, Fanelli Cafe, Sartiano's, Ugg Soho, and many more high-end brands. The lot includes a cashier booth and a roll-down gate for security. Zoned SNX, M1-5/R7X, this single-tenancy property is currently vacant and ready for immediate occupancy. Its prime location in the heart of SoHo's bustling retail and hospitality scene makes it an ideal investment for those seeking a high-demand parking facility. The lot size is 2,383 square feet. This is a rare opportunity to acquire a well-positioned parking lot in one of Manhattan's most desirable neighborhoods.

    Property Features for 81 Mercer St

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,383 SF

    Unit(s) available at that property

    Space
    Size
    2,383 SF

    HighLights

    • 2,383 SF uncovered surface parking lot for lease in SoHo.
    • 27 parking spaces, including 9 spaces from 3 lifts.
    • Located at 81 Mercer Street, between Spring St & Broome St.
    • 0.05‑acre lot with 23 feet of frontage.
    • Zoned SNX, M1‑5/R7X; surrounded by high‑end retail and restaurants including Cipriani Downtown, Sadelle's, and numerous designer boutiques.
    Property Profile Location Intelligence

    Current Use by Public Records

    Park Mercer LLC Parking Lot

    Suggested Use

    Law Firm Realty agency Restaurant 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
    -74.000135089775
    Latitude
    40.722817404787

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    FAQs

    What type of property is this?
    Automotive property - Prime SoHo location, 27 parking spaces.
    Where is this automotive property located?
    The property is located at 81 Mercer St New York, NY.
    What are key features of this property?
    This property features: 2,383 SF uncovered surface parking lot for lease in SoHo.; 27 parking spaces, including 9 spaces from 3 lifts.; Located at 81 Mercer Street, between Spring St & Broome St.
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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
    81 Mercer St New York, NY 10012
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