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    FOR LEASE
    Office buildings

    69 Mercer St, New York, NY 10012

    14,091 SF 0.06 ac lot Built 1900
    Entity Owned 26-yr Hold ~ Est. High Equity
    Property ID
    US63-2924901
    69 Mercer St, New York, NY 10012 For Lease
    $66 SF/Yr 15,000 SF available
    69 Mercer St, New York, NY 10012
    View Listing →
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1900
    Total area 14,091 SF
    Lot 0.06 ac (2,600 SF)
    Zoning code M15R7X
    APN 00485-0033
    UPID US63-2924901
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 69 Mercer St vintage Department Store
    • The Marquesina Coffee Cafe & Coffee Shop Bar & Pub
    • Robert Couturier Inc Apartments
    • Palladium Group LLC Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.89M
    Owner & transaction history
    Mer69own LLC · 26 yrs held
    Mer69own LLC
    since 2000
    4 recorded transactions
    2017
    2000
    1969
    1969
    Zoning & alternative use
    M15R7X · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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