$23,500,000

104 Grand Street, also known as 39 Mercer Street, is a five-story mixed-use building, plus basement, on the northwest corner of Grand and Mercer Streets in SoHo. The building is approximately 7,500 gross SF, combining in-place retail income with residential space delivered vacant. The ground floor and basement are leased… Read More to Courrèges, the French luxury fashion house wholly owned by the Pinault family's Groupe Artémis. The second floor is configured as a residential apartment, and the third through fifth floors are currently used together as a single residential triplex. 104 Grand Street is offered as a full-building acquisition within one of SoHo's established retail and residential corridors. Please email for a full building set-up.ARCHITECTURAL CHARACTER & HISTORY Originally completed circa 1893 and designed by architect Julius Kastner, 104 Grand Street is a five-story SoHo corner building featuring brick, stone and cast-iron detailing with Queen Anne and Romanesque Revival influences. The building's character reflects the historic fabric of SoHo's landmarked cast-iron district.INVESTMENT HIGHLIGHTS01 Grand & Mercer Corner Full-building ownership at the northwest corner of Grand and Mercer Streets in SoHo.02 Courrèges Retail Tenancy Ground floor and basement leased to Courrèges, providing in-place retail income. 03 Vacant Residential Component All residential space, comprising a second-floor apartment and a third-through-fifth-floor triplex, delivered vacant. 04 Renovated Upper Floors Residential interiors have been substantially renovated. 05 Full-Building Ownership Approximately 7,500 SF under single ownership, from basement through fifth floor. 06 SoHo Location Positioned within one of Manhattan's established luxury retail corridors.IN-PLACE RETAIL INCOME: TENANT: Courrèges PREMISES Approx.: 1,053 SF Ground Floor + Approx. 1,200 SF Basement (net/usable) CURRENT ANNUAL BASE RENT: Approx. $498,284 RENT COMMENCEMENT: 4/17/2022 LEASE EXPIRATION: 4/30/2032 TAX REIMBURSEMENT: 60% of RE tax increases over the 2021/22 base yearILLUSTRATIVE STABILIZED RESIDENTIAL REVENUE MONTHLY ANNUAL: Monthly/Annual2nd Floor $13,750 $165,000 3rd Floor $13,500 $162,000 4th Floor $13,250 $159,000 5th Floor $13,000 $156,000 Total $53,500 $642,000 Floors 3-5 are currently configured as a single residential triplex. Per-floor rental estimates are illustrative and assume reconfiguration into separate residential units and any required conversion of the existing JLWQ use to residential use, subject to applicable approvals and requirements. Prospective purchasers should independently verify permitted use and occupancy. Read Less

Listing Courtesy of: Noble Black, Corcoran Group

Listing Snapshot

Days Online

Last Updated

Sep 26, 2026

Property Type

Apartment

Beds

Full Baths

Partial Baths

Square Ft.

7,500

Year Built

1900

MLS Number

RLS20117443

Additional Details

Appliances & Equipment

WasherDryerAllowed

Building

Built in 1900, Living area: 7500.0, Living area units: SquareFeet, 5 stories, Entry level: 5

Exterior Features

Patio/Porch Features: None, None

Home Owner's Association

Association Fee: $0, Fee Frequency: Monthly

Interior Features

HighCeilings

Laundry

BuildingNone, WasherHookup, InUnit

Pets Policy

Allowed: BuildingNo, No

Pool

BuildingNone

Property

City

Taxes

Parcel Number: 0474-0021, Tax Block: 00474, Lot: 0021, Zoning description: M1-5

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