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81 Mercer St 0.05 Acres of Commercial Land in New York, NY 10012
Investment Highlights
- Vacant development parcel eliminates demolition requirements.
- Located in the Special SoHo-NoHo Mixed-Use District.
- Flexible mixed-use development potential with retail and residential uses.
- Approximately 11,915 buildable SF supported by M1-5/R7X zoning.
- Positioned steps from Broadway's luxury retail corridor.
- Rare land offering in one of Manhattan's most supply-constrained neighborhoods.
Executive Summary
81 Mercer Street presents a rare opportunity to acquire a vacant development site in the heart of SoHo, one of Manhattan’s most supply-constrained and globally recognized neighborhoods. Situated between Spring Street and Broome Street just off Broadway, the property consists of a 2,383-square-foot parcel currently operating as a parking lot, providing a clean development footprint without demolition requirements. The site's location places it within one of New York City’s premier retail and residential districts, surrounded by luxury boutiques, destination dining, historic cast-iron architecture, and some of Manhattan’s most sought-after residential properties.
The property is located within the M1-5 / R7X zoning district and the Special SoHo-NoHo Mixed-Use District (SNX), allowing for a maximum FAR of 5.00 and approximately 11,915 buildable square feet. The zoning framework supports a range of mixed-use development possibilities, including flagship retail frontage complemented by luxury residential condominiums or office space above. The combination of flexible zoning, available development rights, and a vacant site condition creates an opportunity that is increasingly difficult to replicate within SoHo.
The surrounding neighborhood continues to benefit from strong retail demand, significant pedestrian traffic, and a limited pipeline of new development opportunities. SoHo remains one of Manhattan’s most established luxury shopping destinations while also attracting affluent residents drawn to the area's residential character, connectivity, and amenities. With access to multiple subway lines, proximity to the Holland Tunnel and West Side Highway, and immediate adjacency to Broadway’s retail corridor, 81 Mercer Street offers the scale, location, and development potential to deliver a highly differentiated mixed-use project in one of New York City's most coveted neighborhoods.
The property is located within the M1-5 / R7X zoning district and the Special SoHo-NoHo Mixed-Use District (SNX), allowing for a maximum FAR of 5.00 and approximately 11,915 buildable square feet. The zoning framework supports a range of mixed-use development possibilities, including flagship retail frontage complemented by luxury residential condominiums or office space above. The combination of flexible zoning, available development rights, and a vacant site condition creates an opportunity that is increasingly difficult to replicate within SoHo.
The surrounding neighborhood continues to benefit from strong retail demand, significant pedestrian traffic, and a limited pipeline of new development opportunities. SoHo remains one of Manhattan’s most established luxury shopping destinations while also attracting affluent residents drawn to the area's residential character, connectivity, and amenities. With access to multiple subway lines, proximity to the Holland Tunnel and West Side Highway, and immediate adjacency to Broadway’s retail corridor, 81 Mercer Street offers the scale, location, and development potential to deliver a highly differentiated mixed-use project in one of New York City's most coveted neighborhoods.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.05 AC |
| Zoning | M1-5B - Light industrial with offices, hotels, and most retail uses permitted |
1 Lot Available
Lot
| Lot Size | 0.05 AC |
| Lot Size | 0.05 AC |
Vacant SoHo development site between Spring and Broome Streets. M1-5/R7X and SNX zoning allows approximately 11,915 buildable SF. Positioned near Broadway's luxury retail corridor with excellent visibility and transit access.
Description
81 Mercer Street is a vacant parcel located between Spring Street and Broome Street in Manhattan's SoHo neighborhood. The site contains approximately 2,383 square feet of land area and is currently utilized as a parking lot. The property is located within the M1-5 / R7X zoning district and the Special SoHo-NoHo Mixed-Use District (SNX). Zoning permits a maximum FAR of 5.00 and approximately 11,915 buildable square feet. The property is identified as Block 485, Lot 28, and is located near Broadway, multiple subway lines, and the Canal Street transit hub.
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0485-0028 | Improvements Assessment | $0 |
| Land Assessment | $180,900 | Total Assessment | $180,900 |
Property Taxes
Parcel Number
0485-0028
Land Assessment
$180,900
Improvements Assessment
$0
Total Assessment
$180,900
Contacts
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David Schechtman -
Lipa Lieberman -
Jonathan Schwartz -
Henry Barnathan -
Meridian Capital Group, LLC
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