165 Mercer Street
Located in the heart of SoHo Manhattan, 165 Mercer Street is a six-story commercial real estate building with two floors of flagship retail and four office spaces, including a penthouse duplex. Originally constructed to house factories, 165 Mercer has undergone a complete renovation to preserve the iconic feel of a 19th-century SoHo cast-iron building while incorporating modern features to meet the demands of today's businesses.
The Penthouse duplex unit pairs open workspace with an exclusive retreat above, offering access to a 300 square feet private terrace. The building is equipped with state-of-the-art flexible base-building communications infrastructure with diverse carrier service entrance facilities, a redundant base building telecommunication backbone/distribution system with communications distribution closets on each tenant floor, and pre-installed distribution pathways serving each tenant space. Tenants will have access to a fully ADA compliant building with CCTV video surveillance and visitor management systems.
165 Mercer offers fully restored landmark-approved cast-iron facades with new high-performance wood windows and a new wood storefront system. The building has one 4,000 LB capacity MRL passenger elevator, and every bathroom on the property is ventilated by a dedicated exhaust fan. Space conditioning is provided to the office spaces through a Variable Refrigerant Flow (VRF) system, and hot water is produced by dedicated electric water heaters installed on each floor.
Office units are delivered with full distribution, allowing for plug-and-play office suites with designer bathrooms and kitchenettes echoing the building’s modern sensibilities in a historic setting. The available office spaces today include the main area, entire 5th floor, penthouse duplex, and entire 6th floor, penthouse duplex, with lease types direct and condition white box.
165 Mercer Street is a 30,964 square feet building with a typical floor size of 4,897 square feet, a 4-star LoopNet rating, and building class A. With its prime location and flexible modern amenities, 165 Mercer is an ideal choice for businesses seeking premium office space in the heart of Manhattan.
To learn more about how to lease or purchase an office space in the Soho neighborhood or at this building location, call us at (347) 379-4337
Building Features
- Originally built as factories, now houses two floors of flagship
retail and four offices over five floors, including a penthouse duplex. - Building has a 147-year tradition of working hard.
- Iconic sign has been a fixture of SoHo for decades.
- Full renovation preserving period details + iconic feel 19th-century SoHo cast-iron building.
- Only (4) offices available, spaces are of limited quantity and meticulously considered quality.
- Penthouse duplex pairs open workspace with an exclusive retreat above.
- State-of-the-art flexible base-building communications infrastructure with diverse carrier
service entrance facilities, redundant base building telecommunication backbone/distribution
systems with communications distribution closets on each tenant floor. - HVAC space conditioning provided through a Variable Refrigerant Flow (VRF) system.
- Electric service provided to one dedicated 400-A panel on each floor.
- Sprinklered with open grid spacing.
- Office units delivered with full distribution, allowing for plug-and-play office suites.
- Available office spaces include Main Area, Entire 5th Floor, Penthouse Duplex,
and Entire 6th Floor, Penthouse Duplex.
What this Office Building can offer you
- State-of-the-art flexible base-building communications infrastructure with diverse carrier service entrance facilities.
- Fully restored Landmarks approved cast iron facade
- New high-performance wood windows and new wood storefront system.
- Designer bathrooms and kitchenettes echoing the building's modern sensibilities in a historic setting.
- CCTV video surveillance and Visitor Management Systems.
- A communal lobby space with 24/7 access.
- A passenger elevator.
- Fully sprinklered with open grid spacing.
- The duplex unit includes access to a 300 SF private terrace.
- Fully ADA compliant.
- A few blocks away from the best of SoHo.
- Plug-and-play office suites with full distribution.
- A penthouse duplex that pairs open workspace with an exclusive retreat above.
- Limited quantity of only four meticulously considered quality offices available.
- Space conditioning provided through a Variable Refrigerant Flow (VRF) system and ventilation for each bathroom on the property.
- Hot and cold water supply, as well as electrical service, provided to each floor.
- An iconic building with a 147-year tradition of working hard, now home to flagship retail and offices.
Tenants Past & Present
- Khaite
- Venturi
- Spark Capital
Nearby Office Rent Prices to 165 Mercer Street
The Lower Manhattan area around 165 Mercer Street has become a sought-after location for creative office tenants seeking spacious, loft-style workspaces that cater to TAMI companies. With the growing popularity of this area, rents have risen, but they are still more affordable than premium Class A offices in Midtown Manhattan, which can command over $100 per square foot. In comparison, rents for offices in Soho/Noho can exceed $80-$90 per square foot. According to a recent Office Leasing report, Soho has become the third healthiest office market in New York City, following only Hudson Yards and Midtown. The average asking rent for offices in Soho in the second quarter was $74.26, driven by increased leasing activity from businesses in the cryptocurrency, fintech, advertising, media, and bigtech sectors. Our team has extensive knowledge of the local real estate market and can help you find the perfect industrial-style office space for your business in this thriving neighborhood.
Companies with office space in SoHo?
- Andeersen Horowitz / a16z 200 Lafayette Street (33,560 square feet across the entire third and fourth floors)
- Art Education For The Blind (160 Mercer Street; 2,500 SF.)
- Benjamin Partners (160 Mercer Street; 2,500 SF.)
- Coriolis Ventures (160 Mercer Street; 5,544 SF.)
- Dallimore & Co Inc (160 Mercer Street; 5,544 SF.)
- Epm Communications Inc (160 Mercer Street; 500 SF.)
- Spark Captial (165 Mercer Street; 4,897 SF.)
- Pacific Sun (503-511 Broadway; 10,000 SF.)
- Zara (503-511 Broadway; 62,763 SF. = Owned)
SoHo is a thriving neighborhood that attracts a diverse range of businesses, from established corporations to innovative startups. Here are just a few notable companies with office space in SoHo:
-
Warby Parker - This popular eyewear brand started in SoHo and has since expanded to dozens of retail locations across the US. Their headquarters is located at 161 Avenue of the Americas.
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Contently - This content marketing company has its headquarters at 1440 Broadway, which is just outside the official borders of SoHo but still very close by. They work with a variety of clients, including Coca-Cola, Dell, and Forbes.
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Away - This luggage startup has been disrupting the travel industry since 2015. They have a showroom and office space at 10 Bond Street.
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Aetna - This insurance giant recently consolidated its operations in SoHo, taking up over 145,000 square feet of office space at 61 Ninth Avenue.
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Group Nine Media - This digital media company, which owns popular brands like Thrillist and The Dodo, has its headquarters at 568 Broadway.
These companies represent just a small fraction of the businesses that call SoHo home. With its vibrant mix of retail, dining, and office space, this neighborhood has something to offer everyone. So, if you're looking for a unique and dynamic work environment, SoHo is definitely worth considering
165 Mercer Street New York, NY 10012
Statistics
- Market Value: $11,584,000
- Year Built: 1870 / 2018
- Building Type: Office with Commercial - 1 to 6 Stories (O5)
- Lot Size: 4,999 SF.
- Stories: 6 Stories
- Typical Floor Plate: 4,897 SF.
- Square Footage: 30,964 SF.
7-story building built in 2020. The building contains 1 commercial space for lease.
Special Features
- 24/7 Building Access
- Communal Lobby Space
- Passenger Elevator
- Century SoHo Cast Iron Building
- CCTV video surveillance,
- Fully ADA Compliant
Transportation Options
- N R at Prince Street 0.01 miles / 3 minute walk +W
- B D F M at Lafayette Street 0.10 miles
- 6 at Bleeker Street .20 miles
- 6 at Spring Street 0.30 miles
- A C E at Spring Street .40 miles
- 1 at Houston Street 0.30 miles
- J Z at Bowery Street 0.42 miles
Nearby transportation includes the R and W subway trains, and the building is situated steps from the best of SoHo.
Data/Internet Providers for the Building
Service | Technology | Max Download Speed | Max Upload Speed |
---|---|---|---|
Verizon | Fiber | 1 GB/s | 25 MB/s |
Time Warner Cable | Cable | 100 MB/s | 6 MB/s |
Property History
165 Mercer Street in SoHo, Manhattan, has a rich history dating back to its construction in 1870-71. Originally built as a cast iron store building designed by Henry Fernbach, the five-story-tall property was converted into a parking garage in the 1920s. The building's iconic neon "GARAGE" sign has been a fixture of SoHo's streetscape for decades.
In 2016, the Landmarks Preservation Commission approved the redesign and construction of 165 Mercer Street into a mixed-use property featuring retail and office space. The building's exterior alterations were required to comply with the SoHo-Cast Iron Historic District's designation in 1973.
The renovation plans proposed by Chelsea-based Flank Architecture in 2023 included the replacement of the garage and elevator entrances with two storefronts for retail tenants and an entrance for office tenants. The historic neon sign was removed, and the fire escapes on the front and rear facades were also removed. The existing front windows were replaced with new two-over-two, double-hung, wood windows designed to match the original design, while the rear windows were replaced with aluminum ones. The penthouse level was set back 10 feet, and a new sixth floor was constructed to add more office space.
The proposal was met with some criticism from residents who were concerned about the loss of views and light, and the possible removal of asbestos from the building. However, Manhattan Community Board 2 supported the proposal, and the Landmarks Preservation Commission approved it unanimously.
Today, 165 Mercer Street is a six-story office building with ground floor and cellar level retail. Its history as a cast iron store building and parking garage is preserved in the building's façade, which has been rehabilitated where necessary. With its prime location in the heart of SoHo, 165 Mercer Street continues to be an iconic fixture of New York City's real estate landscape.
Neighborhood Info
SoHo is a vibrant and trendy neighborhood in Lower Manhattan that is known for its fashion boutiques, art galleries, and upscale restaurants. It is a popular destination for tourists and locals alike, and is home to a diverse mix of residents, from artists and creatives to finance professionals and entrepreneurs.As a potential office space tenant at 165 Mercer Street, you would be situated in the heart of SoHo, with access to a wide range of amenities and services. The neighborhood is well-connected to the rest of Manhattan, with several subway lines and bus routes in the area. There are also numerous parking garages and bike lanes available for those who prefer to commute by car or bike.
In addition to its commercial offerings, SoHo is also home to several parks and green spaces, including Petrosino Square and SoHo Square, which provide a peaceful escape from the hustle and bustle of city life. The neighborhood is also known for its vibrant nightlife, with many bars and clubs that cater to a diverse range of tastes and interests.
Overall, as a potential office space tenant at 165 Mercer Street in SoHo, you would be situated in a prime location that offers a dynamic mix of culture, commerce, and community.
- 165 Mercer Street is located in the heart of SoHo, just steps away from many of the neighborhood's top retailers and restaurants.