165 Mercer Street represents a premier strategic opportunity within the heart of SoHo’s historic Cast Iron District, perfectly suited for luxury retail flagships or elite creative office space. The property’s architecturally significant facade and high-visibility location between Houston and Prince Streets offer an unparalleled branding advantage in one of Manhattan’s most supply-constrained corridors. For tenants or investors looking to capture high-net-worth international foot traffic, this asset provides the essential combination of historic prestige and long-term capital appreciation that defines top-tier NYC commercial real estate.
| Building Address: | 165 Mercer St, New York NY 10012 |
| Building Alternate Address: | 165 Mercer St |
| Zip Code: | 10012 |
| Neighborhood: | Soho |
| Borough: | Manhattan |
| Stories: | 5 |
| Year Built: | 1925 |
| Building Class: | C |
History: 165 Mercer Street is a historic building located in the heart of SoHo, Manhattan. Constructed between 1870 and 1871, it was originally designed by Henry Fernbach as a five-story cast iron store building. Initially intended for manufacturing, the building served various purposes, including as a horse stable.
In the 1920s, it was converted into a parking garage and remained so until its recent redevelopment. The building is part of the SoHo-Cast Iron Historic District, which was officially designated in 1973.
In 2016, the Landmarks Preservation Commission approved plans to convert the building into a six-story office and retail space. The redevelopment included preserving its historic facade and adding a new penthouse level with private outdoor spaces. The project aimed to restore the building while respecting its historical roots.
Today, 165 Mercer Street stands as a boutique office space with retail on the ground and cellar levels. Recent ownership has transferred to Spear Street, marking a new chapter in the building's life as a vibrant hub in SoHo.
165 Mercer Street, located in the SoHo neighborhood of Manhattan, New York City, is a historic building originally constructed in 1870. The property features six stories and has been repurposed over time. It currently includes two floors of retail space and four floors of office space, with a penthouse duplex offering a private terrace. The building underwent significant alterations in 2017 and is classified as an office and commercial building.
Recent transactions include a purchase by Spear Street Capital for $40 million in March 2025, with financing from a Blackstone fund. The property boasts a mix of modern and historic elements, including state-of-the-art communications infrastructure and landmark-approved restorations.
165 Mercer Street in Manhattan, NYC, offers several impressive building amenities:
165 Mercer Street in Manhattan, NYC, is a six-story luxury office and retail property with a diverse range of tenants. Current office tenants include a roster of venture capital firms such as Spark Capital, and the offices of ON Running, an athletic shoe and performance sportswear company. Additionally, recruiting firm Venturi is also a tenant in this SoHo building. The retail space is occupied by Khaite, a luxury New York-based women's fashion brand, which uses the entire ground floor and basement for its operations.
165 Mercer Street in Manhattan, NYC, is a 5-floor parking facilities structure built in 1925. Stealth's underground fiber-optic network is nearby, offering potential gigabit fiber-optic business Internet capabilities. However, specific details about internet providers currently available within the building are not provided.
For general internet services in Manhattan, top providers include Verizon Fios, Astound Broadband Powered by RCN, and Spectrum. Verizon Fios offers high speeds up to 2 Gbps, while Astound Broadband provides low-priced cable and fiber options. Spectrum is widely available with speeds up to 1 Gbps.
For more information on internet services at 165 Mercer Street, contacting Stealth directly may be necessary to determine availability and pricing for their fiber-optic services.
165 Mercer Street is located in the SoHo neighborhood of Manhattan, NY 10012.
Cross Streets: Mercer Street between Grand Street and Broome Street.
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