building at 40 Mercer Street

Are you kidding me? What planet are these people living on....??? I was looking at the apartment on streeteasy and shocked that anyone would pay $4.3 million for 1400 square feet.

Here's the streeteasy link:

http://www.streeteasy.com/nyc/sale/365900-condo-40-mercer-street-soho-new-york

At over $3000 per square foot - I would have thought the floors were made from gold!

Even more enjoyable was the absolute gibberish BS description on the agent's site:

"Visionary architect Jean Nouvel's modern masterpiece melds exquisitely with the patina of SoHo's storied past, adding all the more allure to the neighborhood's present-day cachet."

Oooohhhh patina and cachet!! I need some of that...

"Clad in Nouvel's signature glass and steel, 40 Mercer evokes the Atelier's "architecture of light," with expansive proportions that speak to SoHo's classic cast-iron forbears, a lobby worthy of a museum, and a level of service that redefines urban luxury living."

I peronsally don't consider a small 14x22 living space with two average to small bedrooms to be expansive. Good thing the lobby is like a museum - that's important!!

"Surrounded by a wealth of fine boutiques - Louis Vuitton, Chanel, Prada - and celebrated restaurants - Cipriani Downtown is just steps away."

But don't buy anything because you won't be able to fit anything into the tiny space you have just paid more than $4 million for...

"Infused with the glamour and cosmopolitan ease that is, simply, SoHo, 40 Mercer integrates cutting-edge design with a rich array of amenities designed by renowned hotelier Andre Balazs, including membership in the exclusive M40 Club and 24-hour hotel-style concierge service."

Infused with BS if you ask me...

"This remarkable corner loft was further refined by Mark Zeff of Zeffdesign and has 12-foot-high ceilings, vast glass curtain walls, and classic SoHo views presenting a truly unique opportunity: that of living in a 21st-century architectural landmark at the epicenter of a cultural and fashion mecca."

Blah, blah, blah, nice neighborhood, lots of name dropping, 12 foot high is almost as tall as living area is wide...perhaps you can stack your prada and vuitton items to the ceiling...!!!

OMG, are these people on drugs??

$3000/sf is definitely on the high end... Even with nice finishes and in an amazing location, not worth the astronomical price tag

If you're considering this place... may as well take a look at The Urban Glass House on Spring Street

http://www.streeteasy.com/nyc/sale/357830-condo-330-spring-street-soho-new-york

For the same amount of space, same amount of luxury... at HALF the price LOL You can decide for yourself if it is worth an extra 2 mil to live on mercer street :)

That's outrageous for this area. It's overrun with tourists throughout the year. Now with the Rock and Roll Annex nearby, it will be even more overcrowded.

If you're a fan of nouvel, just wait for 100 11th ave (think that's the address)

I looked at an apartment for sale here. Really cool motorized wall of glass windows that opens (to let in the noise and dust?). Kitchens are "trophy" kitchens, not really well designed for cooking, I guess if you live there you are eating out all the time.

Nice but overpriced.

Did something here just close for $135k? It better have been a cabana, or else blood is truly running in the streets.

I love that they call a 36'x4'8" hallway a Library/Gallery. (The 2 bedroom for 4+ Million) What prize did the architect win? Must be very trendy if you are bringing back railroad apartments to the height of fashion. This building is a a poster child for the End of The Empire era.

Even attempting to navigate this area on a weekend is a nightmare. Prime Soho is now void of personality - not what it was 10 years ago when I moved to NYC.

What a mess this place turned out to be.

The sponsor hasn't yet gotten a C of O, so still controls the board despite all the units having been sold. The unit owners have therefore had to get together to sue the sponsor, architects, engineers, managing agent, etc., for defective design and construction, mismanagement, etc. See https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=4NpRAMSzDUAiyqjJMX29IQ==&system=prod

Regardless of the merits of the case, it's a big expensive nightmare.

Has anyone noticed that for the astonishing price of $4.3MM you don't get a powder room? Instead you get a full bathroom opening directly into your dining room. If you make it a bedroom (is this honestly a jr-four for $4.3MM!!!!!), then guests have to enter a bedroom to go pee. Are they INSANE?? What in the WORLD was the architect thinking? This is the best they could come up with? A layout used in every post-war 1950's GV building? Really?

Oh--see the closets? 3 if you count the tiny one in the dining area as a full closet. You have to choose between a linen closet or making it a regular one for the dining room. Master bedroom? No linen closet. This is just awful. Unacceptable. Arcfhitect should be shaken.

KW: agree that the 2brs in this bldg are crap. Often the case in starchitect bldgs. I quite like the 3br layouts.

beats me why any one is buying at these prices but apartments in this building are still trading.

KW, which listing's floorplan are you talking about? I see powder rooms in both that are for sale, and the dining areas are near the entrance.

I dont think they built this with the idea that people would be using it as a full time residence. I would guess that less then half this building are US citizens. I think this is where Harry Potter guy has a place

It's amazing how many people really don't get the OWS message. Case in point, I work at 40 Mercer ST in NY which is a high end condo. A 1 Bedroom typically goes for $2 Million and maintenance fees in the thousands and the "unit owners" say they can't afford to have a union for the workers??? A union would provide better health care, a 401k retirement plan, education to better yourself and move up... show more