111 Mercer St
New York, NY 10012

• Unit Size: 4,089 SF
• Condo Use: Retail
• Price: $6,750,000 USD
• Sale Type: Investment
• Price/SF: $1,650.77 USD

Description

Cushman & Wakefield has been exclusively retained by Ownership to present the sale of 111 Mercer Street (the "Unit"), a prime retail condominium located between Prince and Spring Streets in the historic SoHo neighborhood of Manhattan. 

Originally constructed as a manufacturing building, 111 Mercer Street has been meticulously restored and transformed, blending its industrial roots with modern luxury. The retail unit received a brand-new build-out in 2024, providing state-of-the-art features and high-end finishes, making it a standout retail space. This combination of history and modernity exemplifies SoHo’s architectural evolution. 

The subject retail unit offered for sale comprises approximately 4,089 square feet, with 2,148 SF at grade and an additional 1,941 SF on the sellable lower level. It is currently 100% occupied by ME + EM, a luxury fashion brand, with a lease set to expire in August 2028, offering a buyer secure in-place income. 

The building's design features wood-framed windows, original cast-iron columns, and 12.5-foot ceilings on the ground floor. The rear portion includes glass windows and a skylight, providing abundant natural light and enhancing the retail experience. Located in one of New York’s most desirable retail districts, the Unit benefits from heavy foot traffic and is surrounded by some of the best shops and restaurants in SoHo. Average rent per SF this quarter is $388/SF and retail vacancy in SoHo is 10.6%, the lowest it's been since 2014.

Conveniently situated near key subway stations, including Prince St. Station (N, R, W lines), Broadway-Lafayette Station (B, D, F, M lines), and Spring Street Station (4, 6 line), this property offers both excellent visibility and accessibility for tenants and customers alike.