A limited liability company recently paid more than $12.3 million for a five-story retail building in the SoHo neighborhood of Manhattan, N.Y.

The price per square foot at the five-story, 11,332-square-foot property totaled $1,090.

A private family from the United Kingdom sold 111 Mercer St., which was vacant at the time of sale, to Mercer 111 LLC.

According to a press statement, the building has received approval from the Landmarks Preservation Commission to build a 1,250-square-foot penthouse addition for a total of 12,582 square feet.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription