Forty Three Mercer Property LLC Acquires Mixed-Use Property At 43 Mercer Street From James M Macdonell For $9.5M

The mixed-use property located at 43 Mercer Street in SoHo, Manhattan was sold for $9,500,000. The property has a total building size of 12,580 square feet, translating to a price per building square foot of $755. It features a total square footage of 7,265, which results in a price per square foot of $1,308. The lot size of the property is 2,516 square feet with dimensions of 25.17 ft x 100 ft and is zoned M1-5B. The property has a floor area ratio (FAR) of 2.89 and falls under tax class 2A.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $9,500,000
• Buyer: Forty Three Mercer Property LLC
• Seller: James M Macdonell
• Building Size: 12,580 BSF
• Price per Building Square Foot: $755
• Total Square Footage: 7,265 SF
• Price per Square Foot: $1,308
• Floor Area Ratio: 2.89
• Lot Size: 2,516
• Lot Dimension: 25.17 ft x 100 ft
• Tax Class: 2A
• Last Sale Price: $0

The transaction was facilitated by the representation of Forty Three Mercer Property LLC and James M Macdonell as buyer and seller, respectively. Their involvement highlights the engagement of distinct parties in the real estate market for this particular asset.