41-43 Mercer Street
41–43 Mercer Street is a rare development and repositioning opportunity in the heart of SoHo, Manhattan. The property comprises two existing structures—a one-story building at 41 Mercer Street and a four-story storehouse at 43 Mercer Street—with approximately 49 feet of frontage along one of SoHo's most desirable cobblestone blocks. Proposed plans submitted to the Landmarks Preservation Commission call for demolishing the existing one-story structure and constructing a new six-story cast-iron building, removing the shared party wall to integrate both properties, and converting upper floors to residential use while adding rooftop and rear-yard space.
The 3,670 SF lot is located on the west side of Mercer Street between Broome and Grand Streets, surrounded by luxury retailers, renowned restaurants, art galleries, and upscale residences. The site is positioned to capitalize on strong demand for boutique mixed-use and residential projects in this tightly constrained market, allowing developers to create a modern, high-quality asset while respecting SoHo's historic character and architectural guidelines.
- Rare development opportunity in prime SoHo location
- Proposed six-story mixed-use building with residential and retail components
- Landmarks Preservation Commission-approved redevelopment plans
- 49 feet of frontage on highly desirable cobblestone block
- Surrounded by luxury retail, dining, galleries, and premium residences
Location
BKREA has been exclusively retained to market the sale of 41–43 Mercer Street, a rare development and repositioning opportunity in the heart of SoHo, Manhattan. Situated on the west side of Mercer Street between Broome and Grand Streets, the property offers approximately 49 feet of frontage along one of SoHo’s highly desirable cobblestone blocks. The offering comprises two existing structures: a one-story building at 41 Mercer Street and a four-story storehouse at 43 Mercer Street, creating significant potential for redevelopment in this tightly constrained market. Proposed plans submitted to the Landmarks Preservation Commission call for demolishing the existing one-story structure, constructing a new six-story cast-iron building, removing the shared party wall to integrate both properties, and adding rooftop and rear-yard space to 43 Mercer Street, with the upper floors converted to residential use. Located amid luxury retailers, renowned restaurants, art galleries, and upscale residences, the property benefits from strong demand for boutique mixed-use and residential projects. This exceptional opportunity offers investors and developers the ability to create a modern, high-quality asset while respecting SoHo’s historic character and capitalizing on continued demand for premium retail and residential space.