40 Mercer Street #PH7, New York City, NY 10013
Listing Courtesy of Compass
$13,600,000
Potential Rebate: $204,000
Overview
A private landscaped park with a pool right off your living room in the heart of Soho. Enjoy unrivaled indoor/outdoor living in Penthouse 7 at 40 Mercer. With almost 1,600 square feet of beautifully landscaped outdoor space wrapping around two sides of the apartment, Penthouse 7 reimagines downtown luxury living. With 11+” ceilings, and featuring four bedrooms and three and a half bathrooms across 3,000+ square feet, the home seamlessly integrates the indoor and outdoor lifestyle with floor-to-ceiling windows and terrace access from every room. Privacy plantings, and a secure elevator managed by the concierge, create a discreet oasis in the heart of SoHo.
Sunlit and dramatic, the 53.5’ great room transforms into an indoor and outdoor oasis through a one-of-a-kind sliding wall of windows to the wrap-around terrace. Truly a private park in the sky, the terrace is complete with a landscaped garden lined in mature Birch, Maple, and Royal Purple Smoke trees and a custom Endless Pool. Independent from the grand entertaining space, the custom Bulthaup kitchen features stainless steel cabinets, Thassos marble countertops and is outfitted with a suite of Miele and Gaggenau appliances.
The main bedroom wing occupies the entire southwest corner of the Penthouse. The 24’ x 16’ primary suite has private access to the terrace and an entire dressing room with 12 custom closets. Serene and luxurious, the primary bathroom features heated floors, soaking tub, separate stall shower and Toto washlet. The additional three bedrooms are all generously proportioned; one is positioned as a separate suite on the northeast corner, perfect for guests.
Additional highlights include custom walnut built-ins, handmade Belgium bronze hardware, private mud room and in-unit washer/dryer. A large storage unit transfers with the sale.
The result of a masterful partnership between Andre Balazs and Pritzker Prize-winning architect Jean Nouvel, 40 Mercer is a 14 story, ultra-luxury, white glove condominium in prime Soho. Amenities include a 24 hour doorman and concierge, private garage with valet parking (separate fee), health club with a Pilates center, and a 50’ lap pool.
Assessment equal to $1,769.21 through June 2026. Co-Exclusive with AA Management NYC.
Home Features
- •Central Air
- •Building Washer Dryer Install Allowed
- •In Unit
- •Garage
- •Valet
- •Private Outdoor Space Over 60 Sqft
- •Sauna
- •Walk-In Closet(s)
Building Amenities
- •Garage
- •Valet
Estimated Monthly Payment
$83,093 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$204,000
Monthly savings impact
$567/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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40 Mercer Street #PH-7, New York City, NY 10013
Listing Courtesy of AA Management NYC LLC
45 Walker Street #PH, New York City, NY 10013
Listing Courtesy of Sothebys International Realty
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20046233
Price Analysis
Compare average listing prices and value metrics for 40 Mercer Street against the surrounding SoHo market.
Average List Price
Price Per SqFt
100.37% Higher
than the SoHo price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within SoHo.
SoHo
Overview of SoHo
SoHo (South of Houston) is the retail capital of New York City and a global icon of loft living. Famous for its cast-iron architecture and cobblestone streets, it is an open-air mall of high fashion and art. For buyers exploring SoHo Manhattan real estate, it offers the ultimate "downtown" lifestyle.
Living in SoHo, Manhattan is stylish and energetic. The streets are a runway, filled with models, tourists, and locals shopping at flagship stores. As a premier Manhattan NYC neighborhood, it combines historic industrial beauty with modern luxury.
Real Estate & Housing Market
The market for homes for sale in SoHo is legendary. It is defined by massive cast-iron lofts with soaring ceilings, Corinthian columns, and oversized windows. These spaces, once factories, are now some of the most expensive apartments in the world.
New construction is rare and often hidden behind historic facades. The area attracts a global elite—from tech entrepreneurs to Hollywood stars—who value the unique architectural character and central location.
Lifestyle & Community
The lifestyle in SoHo is cosmopolitan. Residents have the world's best shopping at their doorstep, from Chanel to Supreme. Dining is equally high-end, with power-lunch spots like Balthazar serving as neighborhood institutions.
The community is a mix of old-guard artists (who are protected by AIR - Artist in Residence zoning) and wealthy newcomers. It is busy by day but quiets down surprisingly well on the side streets at night.
Transportation & Accessibility
SoHo is incredibly well-connected. The R/W trains at Prince Street, the 6 at Spring Street, and the C/E at Spring Street provide comprehensive coverage. Canal Street to the south offers access to almost every line.
It is a walker's paradise. You can easily walk to Tribeca, the West Village, and Nolita, making it the perfect launchpad for downtown exploration.
Parks, Schools & Amenities
While SoHo itself is dense with buildings, it is close to Hudson River Park to the west. The Vesuvio Playground is a local favorite for families.
Amenities are focused on consumption: high-end gyms like Equinox, luxury spas, and gourmet markets like Dean & DeLuca (historically, though the retail landscape shifts). It is a neighborhood designed for those who enjoy the finer things.
Who This Neighborhood Is Best For
SoHo is best for fashion lovers, art collectors, and buyers who dream of authentic loft living in one of the world's most recognizable neighborhoods.
