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170 Mercer St 5,399 SF Retail Condo Unit Offered at $16,258,094 CAD in New York, NY 10012
Investment Highlights
- Transit-Oriented Access
- Brand New 10-Year Lease
- Flagship SoHo Location
- Significant Tenant Investment
- Exceptional Re-designed Space
Executive Summary
170 Mercer Street is a restored cast-iron retail condominium situated in the heart of SoHo’s historic district. Featuring a classic façade and dramatic interiors, the property delivers a distinct blend of historic character and modern prestige. Its prominent frontage along Mercer Street ensures exceptional visibility, while the open plan layout and soaring 24-foot ceilings provide flexibility for flagship retail concepts. Designed to complement luxury branding, the recently reimagined space incorporates a full interior renovation, structural enhancements, and private elevator connectivity between levels. Located steps from premier fashion houses, global retailers, and upscale dining, the property benefits from unmatched pedestrian traffic and easy access to Broadway-Lafayette and Prince Street subway stations, enabling seamless citywide connectivity. Positioned among world-class brands, 170 Mercer Street captures the essence of SoHo retail, offering a rare opportunity within one of Manhattan’s most coveted shopping destinations.
1 Unit Available
Unit 170 Mercer St
| Unit Size | 5,399 SF | Condo Use | Retail |
| Price | $16,258,094 CAD | Sale Type | Investment |
| Price Per SF | $3,011.32 CAD |
| Unit Size | 5,399 SF |
| Price | $16,258,094 CAD |
| Price Per SF | $3,011.32 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
Description
Fully leased retail condo in SoHo with 24-ft ceilings, 25-ft frontage, and bespoke high-end design by Stamuli for Magda Butrym.
Sale Notes
Avison Young, as exclusive agent, is pleased to offer for sale the retail condominium at 170 Mercer Street (the “Unit”). Located along the iconic cobblestones of the SoHo Cast-Iron Historic District, the Unit boasts approximately 25 feet of prime frontage along Mercer Street between Prince and West Houston Street. Comprising 5,399 square feet across the ground floor, mezzanine, and lower level, the space was recently transformed by ownership into a dramatic flagship environment by removing the third floor to achieve soaring 24-foot ceilings and exposed red brick. The Unit sits at the base of a boutique, five-story luxury residential loft building.
The asset is 100% leased to Magda Butrym, an elite global fashion house that recently signed a new 10-year lease. Since its founding in 2014, Magda Butrym has ascended to the forefront of the luxury womenswear market, with a significant presence in Paris, London, and New York. Rent is anticipated to commence on August 1st, 2026, featuring 3% annual escalations that provide a consistent hedge against inflation. The lease structure is highly favorable, with the tenant responsible for 100% real estate tax increases over the 2026/2027 base year, as well as all utilities and non-structural repairs.
Property Facts
| Total Building Size | 29,057 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,013 SF |
| Property Subtype | Apartment | Year Built | 1900 |
| Building Class | C | Lot Size | 0.11 AC |
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Total Building Size | 29,057 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,013 SF |
| Year Built | 1900 |
| Lot Size | 0.11 AC |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
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170 Mercer St
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