An audacious masterpiece, finished to a quality unlike anything on the market, Residence 2 at 47 Mercer Street is a once-in-a-generation, sumptuous home, whose qualities may only be distilled into one word: perfection. Spanning 4000 square feet with almost 50 feet of frontage over prime Mercer Street, Residence 2 was reimagined by Maurizio Bianchi Mattioli of Studio MBM; its completion was recently featured in Architectural Digest. With two luxe bedroom suites, a third smaller bedroom, and a media room/library, this is a grand and versatile home. Enormous eastern and western exposures let in incredible light, and 13-foot ceilings, punctuated by original Corinthian-style columns, allow it to shine throughout the home. The result is exquisitely SoHo: a historic loft, updated to the pinnacle of design, in a private cast iron building.
Enter through the private keyed elevator into the great room. The entire home was designed to display an incredible art and furniture collection. The centerpiece of this 48-foot-wide loft is an enormous and versatile space of over 1,500 square feet, with room for multiple sitting configurations, countless art pieces of every size, dining for 14, and entertaining for dozens. The home has 12 inch-wide french white oak floors, each plank 9- to 15-feet long. The columns and the coffered ceiling provide texture and drama. A double-wide Carrera marble gas fireplace creates intimacy, while the monumental windows breathe life into the space. A media room/library, adjacent to the great room, includes charcoal lacquered built-in bookshelves on two sides, making a cozy, more private space for relaxing or reading. Both the media room and the great room have surround-sound speakers by Crestron, providing a concert-quality listening experience; in the media room, it is an immersive surround sound.
Designed by Boffi, the kitchen is right off the great room; every level of finish and appliance is the highest quality. Furnished with appliances from Wolf and Subzero, including a double-wide wine fridge and an ice maker, the kitchen includes black cosmic granite throughout, lighted floating shelves, an eat-in island and prep area, and oversized refrigerator and freezer.
The bedroom suites occupy the west wing of the loft. The principal suite was built as a quiet sanctuary. The walls are finished with Venetian plaster, forest green carpet lines the floors, and the Roman shades are made of a linen and horse hair weave. The entire bedroom suite, including the dressing room and the bathroom, also features hidden surround-sound speakers by Crestron built into the ceiling. The dressing room is an enclave in and of itself, matching the bedroom in size and offering black stained teak built-ins and a center island, along with custom Studio MBM lighting.
The principal bathroom is reminiscent of a hotel spa. It’s lined by gray quartzite with brass accents, and has a Brutalist design without sacrificing warmth. Other luxe customizations include heated floors, integrated lighting, a steam shower, and an automated Toto toilet.
The second bedroom suite features a large closet and an en-suite bathroom. The third bedroom is a flexible and functional space, serving either as a walk-in closet for the second bedroom, a nursery, an office, or a small art studio.
Residence 2 is wired throughout with a state-of-the-art Crestron smart home system controlling the surround-sound speakers, shades, HVAC, and lighting. The home includes a laundry room with washer/dryer, a powder room for guests, and a customized storage system by Boffi in the foyer.
Built in 1872 as a factory for the Rocco Revival cabinetmaker Alexander Roux, and converted to condominiums in 1995, 47 Mercer Street is an intimate condominium in the heart of SoHo. With a classic cast iron facade, low monthlies - the common charges are only $2,009 per month - and just five units, it is a rare opportunity for truly private and discreet loft living.
Sold
$11,500,000
47 Mercer St APT 2, New York, NY 10013
3beds
4,000sqft
Condominium
Built in 1880
-- sqft lot
$11,388,100 Zestimate®
$2,875/sqft
$-- Estimated rent
Home value
$11,388,100
$9.91M - $12.98M
Not available
Zestimate® history
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Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nick Gavin,
Compass,
Lindsay Lyon
Source: StreetEasy,MLS#: S1680044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air
Appliances
- Included: Washer/Dryer
Features
- Flooring: Hardwood
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Features
- Has view: Yes
- View description: City
Details
- Parcel number: 004741202
- Special conditions: Resale
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- Year built: 1880
Community & HOA
Community
- Subdivision: Soho
HOA
- Has HOA: Yes
- Amenities included: Elevator(s)
- Services included: Maintenance
- HOA fee: $2,009 monthly
Location
- Region: New York
Financial & listing details
- Price per square foot: $2,875/sqft
- Tax assessed value: $2,348,352
- Annual tax amount: $57,552
- Date on market: 9/12/2023
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2024 | Sold | $11,500,000-8%$2,875/sqft |
Source: Public Record Report a problem | ||
| 1/12/2024 | Pending sale | $12,500,000$3,125/sqft |
Source: StreetEasy #1398485275356265033 Report a problem | ||
| 11/3/2023 | Listed for sale | $12,500,000+108.3%$3,125/sqft |
Source: StreetEasy #1398485275356265033 Report a problem | ||
| 1/16/2009 | Sold | $6,000,000+114.3%$1,500/sqft |
Source: Public Record Report a problem | ||
| 5/14/2004 | Sold | $2,800,000$700/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $61,830 0% | $1,056,758 -16.6% |
| 2024 | $61,840 +7.4% | $1,266,407 +20% |
| 2023 | $57,555 | $1,055,339 -7.7% |
| 2022 | -- | $1,143,238 -15% |
| 2021 | -- | $1,345,027 -6.8% |
| 2020 | -- | $1,443,520 +18.2% |
| 2019 | $39,154 -14% | $1,220,815 +238.3% |
| 2018 | $45,518 +7.1% | $360,909 +8% |
| 2017 | $42,504 +6.6% | $334,176 +8% |
| 2016 | $39,891 | $309,423 +5.7% |
| 2015 | $39,891 +180.1% | $292,688 |
| 2014 | $14,244 | $292,688 +5.4% |
| 2013 | -- | $277,623 +8% |
| 2012 | -- | $257,059 +8% |
| 2011 | -- | $238,018 |
| 2010 | -- | $238,018 +3.2% |
| 2009 | -- | $230,641 |
Find assessor info on the county website
Neighborhood: SoHo
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Nearby schools
GreatSchools rating
- 6/10Ps 3 Charrette SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Middle 297Grades: 6-8Distance: 0.7 mi
- 4/10Chelsea Career And Technical Education High SchoolGrades: 9-12Distance: 0.3 mi