167 Mercer Street
SoHo, Manhattan
Parcel ID (BBL): 1005130023
Owner: Spear Street Capital
Acquired: February 26, 2025, $40 million
Debt: February 26, 2025, $24 million
Built: 1871
Renovated: 2017
SF: 30,020
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 1 to 6 stories (O5)
Floors: 6
Transactions:
• Spear Street Capital borrowed $24 million from Blackstone Group for 165 Mercer St, SoHo, Manhattan on February 26, 2025.
• Jay Batt and Flank sold 165 Mercer St, SoHo, Manhattan for $40 million to Spear Street Capital on February 26, 2025.
• Flank borrowed $38 million from Barings for 165 Mercer Street, Soho, Manhattan on January 24, 2020.
Development:
• Alec Sandberg filed plans for alteration in SoHo, Manhattan, on September 10, 2025.
• Alec Sandberg filed plans for alteration in SoHo, Manhattan, on September 10, 2025.
• Norbert Ramaj filed plans for alteration in SoHo, Manhattan, on September 06, 2024.
• Hayley Barna filed plans for alteration in SoHo, Manhattan, on January 22, 2024.
• Michael Walsdorf filed plans for alteration in SoHo, Manhattan, on October 27, 2022.
Violations:
According to city public data, the properties have received $5,000 in OATH penalties in the last year.