BKREA has been retained on an exclusive basis to arrange the sale of 41-43 Mercer Street (the "Site"), a rare development opportunity located in the heart of SoHo. Situated on the west side of Mercer Street between Broome and Grand Streets, the Site offers approximately 49 feet of frontage on one of SoHo's most coveted cobblestone blocks. The site contains two buildings: a one story structure at 41 Mercer Street and a four-story storehouse at 43 Mercer Street. The proposed plans submitted to the Landmarks Preservation Commission call for the demolition of the one-story building at 41 Mercer Street and its replacement with a new six-story cast iron building. The two buildings will then be merged through the removal of the shared party wall, with rooftop and rear yard additions to 43 Mercer Street. The upper floors of 43 Mercer Street are planned for conversion to residential use.