Full Floor Dream Loft in SoHo

Posted by Noah Rosenblatt on May 19, 2006 at 9.58 PM

114-mercer-street.jpg

A: Check out this great loft deal in the heart of SoHo at 114 Mercer Street and marketed by none other than Carol E. Levy of Carol E. Levy Real Estate. The asking price was just reduced to a valuation of $736/Sq. Ft. and words 'MUST SELL' & 'MAKE OFFER' are written all over the webpage. Savvy buyers should keep an eye on this one as this seller is obviously motivated to unload this property in the very tight sales market of SoHo; low floor though and straight floor layout!

The neighborhood south of Houston Street has very little inventory to choose from and tons of demand from buyers and renters making it one of the pricier sections of Manhattan to live in. So when a listing like this gets reduced to $736 a square foot, buyers (especially all cash buyers) should pay close attention as this great deal reveals itself. I wonder how low the seller is willing to go?

The floorplan is a bit well straight, and the 2nd bedroom is a bit well small, but a keen eye can reconfigure an apartment of this size wisely to utilize every nook and cranny to get the most livable space out of it. I'm also not sure about the building itself (which has no doorman), building financials, property views or amount of sunlight it gets, but it certainly looks like a worthy stop on your Open House tour should you be in the market for 2BR's in SoHo!

114 Mercer Street; Apt. 2

Size: 2,300 Sq. Ft. (Loft)
# Beds: 2
# Baths: 2
maintenance: $1,350 ($0.58/Sq Ft..! Is This Real?)
Asking: $1,695,000 (Reduced from $1,799,000)
Price Per Sq. Ft.: $736 (Low for 2BR in SoHo)
Marketed By: Carol E. Levy of Carol E. Levy Real Estate

**OPEN HOUSE SUNDAY 12:00 - 1:30PM**


114-Mercer_2-FP.gif

Post a comment


To help maintain the integrity of the conversation we ask that each user simply paste the keyword (below in red) into the confirmation field below. Sorry, but if you forget this step, your comments will not be saved!