Contacts
Avison Young - US - NY - New York
Avison Young - US - NY - New York
Avison Young
Property Details
- Property Type Other
- Property Size 5,399 SF
- Date Updated Jul 3, 2026
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.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Brand New 10-Year Lease
- Exceptional Re-designed Space
- Flagship SoHo Location
- Significant Tenant Investment
- Transit-Oriented Access
Getting around
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100/100
Walk Score ®
-
100/100
Transit Score ®
-
95/100
Bike Score ®
Location
- City New York, NY
- Neighborhood SoHo
- Zip Code 10012
Points of Interest
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Broadway & Houston Street at Southeast Corner
0.06 miles
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Broadway & Houston Street at Northeast Corner
0.07 miles
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Houston Street & Crosby Street at Northeast Corner
0.12 miles
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Houston Street & Lafayette Street at Southeast Corner
0.13 miles
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Houston Street & Lafayette Street at Northeast Corner
0.15 miles
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Bleecker Street & Lafayette Street at Southwest Corner
0.16 miles
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Bleecker Street & Lafayette Street at Northwest Corner
0.16 miles
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Bleecker Street & Mulberry Street at Southwest Corner
0.17 miles
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Bleecker Street & Mulberry Street at Southeast Corner
0.18 miles
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Bleecker Street & Lafayette Street at Northeast Corner
0.18 miles
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ChargePoint
0.38 miles
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Tesla Supercharger
0.65 miles
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Blink
0.66 miles
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Mobil
0.98 miles
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BP
1.39 miles
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Emporium
2.43 miles
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Gulf
2.44 miles
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Citgo
2.59 miles
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Edison ParkFast
0.29 miles
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Christie Garage
0.56 miles
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iPark
0.59 miles
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Village View Parking Area 1
0.60 miles
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Edison Park Fast
0.62 miles
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Delancey & Essex Municipal Garage
0.65 miles
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Village View Parking Area 2
0.65 miles
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Village View Parking Area 3
0.68 miles
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Park Fast
0.73 miles
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Pier 40
0.83 miles
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Mercer Hotel
0.06 miles
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Crosby Street Hotel
0.17 miles
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49 Crosby
0.23 miles
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Sixty SoHo
0.30 miles
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The Bowery House
0.32 miles
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Sunshine Hotel
0.32 miles
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The Bowery Hotel
0.33 miles
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PUBLIC, an Ian Schrager hotel
0.35 miles
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Nolitan Hotel
0.36 miles
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The SoLita SoHo Hotel
0.39 miles
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Target
0.05 miles
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Morton Williams
0.17 miles
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Bulletin Nolita
0.24 miles
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Bloomingdale's
0.24 miles
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TJ Maxx
0.29 miles
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Sunrise Mart
0.29 miles
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Whole Foods Market
0.30 miles
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Kartell
0.33 miles
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Muji
0.37 miles
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Trader Joe's
0.37 miles
