159 Mercer Street, Manhattan
Condominium · 6 units · built c. 1854 · Block 513, Lot 7502.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $5,745,600
- 2026–27 tax
- $199,224
- Market value (city estimate)
- $12,768,000
- Taxable value
- $1,696,156
- Assessed land
- $360,000
- Assessed improvements
- $5,385,600
- Condo units with their own tax lots
- 7
Tax breaks
- Co-op and condo abatement, with no end date, a $12,038 credit this tax year.
Zoning
M1-5/R7X: floor area ratio 3.65 built, 5.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Oct 25, 2023: $2,995,000, Apt 2E
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of SoHo-Cast Iron Historic District (Historic District). 11 Landmarks Preservation Commission permits are on file.
Board and land use applications
- SoHo/NoHo (City Planning 2018M0375): Zoning map change, Zoning text change, Completed, decided Aug 25, 2022. SoHo/NoHo Neighborhood Plan seeks to strengthen SoHo and NoHo as mixed-use neighborhoods and promote equity. The proposal will expand housing opportunities for New Yorkers, reduce burdens for residents and businesses, and support continued…