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    69 Mercer St New York, NY 10012

    Sponsored
    For Lease
    $51 SF/Yr

    15,000 SF, Flexible Lease Terms

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This iconic six-story cast-iron building at 69 Mercer Street, SoHo, offers 15,000 square feet of prime office space, perfect for a single brand seeking a full-building presence or multiple tenants. The property boasts high ceilings, exposed ductwork, and abundant natural light, creating a creative and collaborative atmosphere. Units range from a minimum of 2,500 square feet to a maximum contiguous space of 7,700 square feet, with flexible lease terms available, including short-term and pop-up options. Built in 1890, this elevator building features a key-locked elevator for enhanced security and privacy. Located in the heart of SoHo, between Spring and Broome Streets, the building benefits from high foot traffic and proximity to designer boutiques, galleries, and restaurants. Excellent public transportation access includes nearby subway lines (N, R, 4, 5, 6, N, Q, R, A, C, E) and easy access to New York Penn Station (11-minute drive). Tenant improvement allowances are available. Currently, 12,700 square feet is available. This exceptional property presents a unique opportunity to establish a business in one of New York City's most desirable neighborhoods. The building is suitable for various office subtypes, including traditional, creative, executive, and coworking spaces, as well as showroom and retail uses.

    Property Features for 69 Mercer St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Total Rate
    64500

    Building Details

    Year Built
    1890

    Unit(s) available at that property

    Space
    4th Floor Office
    Size
    2,500 SF
    Rate per SF
    $51
    Space
    High Ceilings Retail Duplex
    Size
    2,500 SF
    Space
    Penthouse Duplex with Rooftop Terrace
    Size
    5,200 SF

    HighLights

    • 15,000 square foot SoHo office building with multiple suites available.
    • Flexible lease terms available, including short‑term and pop‑up options.
    • 12,700 square feet of vacant space, with minimum divisible units of 2,500 square feet and a maximum contiguous space of 7,700 square feet.
    • Located at 69 Mercer Street, between Spring and Broome Streets, in the heart of SoHo.
    • Features high ceilings, exposed ductwork, and abundant natural light.
    • Building amenities include a key‑locked elevator.
    Property Profile Location Intelligence

    Current Use by Public Records

    69 Mercer St ... Store The Marquesina Coffee Espresso Bar Robert Couturier Inc Apartments Palladium Group LLC Corporate Office

    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
    -74.00039565942
    Latitude
    40.722508754002

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    FAQs

    What type of property is this?
    Individual retail property - 15,000 SF, Flexible Lease Terms
    Where is this individual retail property located?
    The property is located at 69 Mercer St New York, NY.
    What is the lease rate?
    The lease rate is $0.00-$51 SF/Yr.
    What are key features of this property?
    This property features: 15,000 square foot SoHo office building with multiple suites available.; Flexible lease terms available, including short-term and pop-up options.; 12,700 square feet of vacant space, with minimum divisible units of 2,500 square feet and a maximum contiguous space of 7,700 square feet.
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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
    69 Mercer St New York, NY 10012
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