In Soho, entire cast-iron building with enclosed rooftop patio seeks $37.8M

A historic SoHo cast iron building, located between Spring and Broome Streets at 83 Mercer, has been put on the market. The entire 12,500-square-foot, five-story building is being marketed as an investment opportunity for an enterprising buyer.

The building was designed by architect J.B. Snook in a classical style, and constructed in 1872 with a cast iron facade and storefront. It's landmarked, and the detailed restoration of the facade was undertaken by Joseph Pell Lombardi Architect. Inside, the firm added a set-back rooftop penthouse (which comes with its own nifty little enclosed patio) and built out residential lofts on the upper floors of the property. It still maintains a ground-floor storefront.

The interior has been split up into three full-floor residences and one penthouse triplex on the upper floors. Pictured above is a look inside the penthouse, which has five bedrooms, three full baths, double height ceilings, hardwood floors, enormous windows, and a wood-burning fireplace.

The penthouse also comes with two rooftop terraces, with an outdoor lounge and an enclosed patio that holds a library and a wet bar.

Each of the units below that, meanwhile, has its own private elevator entrance, a wood-burning fireplace, hardwood floors, new kitchens and bathrooms, laundry units and lots of storage. Each of those units measures more than 2,200 square feet with two bedrooms and two full baths.

There's an opportunity to buy the full building, or pieces of it. The whole shebang costs $37.8 million. The residential condo portion costs $24.9 million, and units therein have rented in the $9,000–$11,000 range, according to StreetEasy. Finally, the commercial gallery unit, on the ground-floor and below, costs $12.9 million.

• Listing: 83 Mercer Street [Sotheby’s]