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NYC Building Records · BBL 1004850029

79 MERCER STREET

Manhattan · Block 485 · Lot 29 · Office + commercial (Class O5)

79 MERCER STREET is a Class O5 (office + commercial) building in Manhattan (BBL 1004850029) built in 1893, with 6 residential units across 6 floors.

The building is in NYC community district 102, council district 1, zoning district M1-5/R7X, on a 2,450-square-foot lot with a building footprint of 13,475 square feet.

The current registered owner of record per NYC PLUTO is 79 MERCER STREET LLC.

The most recent ACRIS deed transfer for this BBL was recorded on October 28, 2022 when MAKKOS PROPERTIES LLC conveyed the property to MAGG, LLC for $3.25M. The transaction was financed with a $10.00M mortgage from Dime Community Bank.

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

79 MERCER STREET LLC

Most recent deed

Last transferred on Oct 28, 2022 for $3.3M to MAGG, LLC.
Previous owner: MAKKOS PROPERTIES LLC
Mortgage: $10.0M recorded Oct 28, 2022 with Dime Community Bank. Loan-to-value: 307%.
🔒 See all transfers before the 2022 sale →

Recent ACRIS documents (last 5)

DateTypeAmountParties
Oct 28, 2022DEED$3.3MParties redacted — full names in MetroDeeds Scout+
Oct 28, 2022DEEDNot disclosedParties redacted — full names in MetroDeeds Scout+
Oct 28, 2022MTGE$10.0MParties redacted — full names in MetroDeeds Scout+
Oct 28, 2022DEEDNot disclosedParties redacted — full names in MetroDeeds Scout+
Apr 8, 2016AGMT$9.0MParties redacted — full names in MetroDeeds Scout+
🔒 Reveal the 5 redacted buyer/seller names above →

Building stats

Units
6
Year built
1893
Class
O5
Borough
Manhattan
Zoning:
M1-5/R7X
Lot size:
2,450 sqft
Building area:
13,475 sqft
Floors:
6
Assessed value:
$3.2M
Community district:
102
Council district:
1

HPD violations

0 open
Most severe class on record: Class C (immediately hazardous)
No open violations on record. Source: NYC HPD.
🔒 See every closed violation + inspection history →

Recent HPD violation details

Most recent violation issued by NYC HPD at this address:
  • Class CInspected Oct 14, 2006
    § 27-2033 ADM CODE PROVIDE READY ACCESS TO BUILDINGS HEATING SYSTEM DOOR LOCKED AT BOILER ROOM
🔒 See closure dates + classification on archived violations →

Recent ACRIS activity

5 documents in the last 5 years (most recent Oct 28, 2022).

Other buildings in this portfolio

MAGG, LLC controls 6 NYC buildings. Top properties by HPD violation count:

Frequently asked questions about 79 MERCER STREET

Who owns 79 MERCER STREET?

The current registered owner of record for 79 MERCER STREET per NYC PLUTO is 79 MERCER STREET LLC. The most recent ACRIS deed transfer for this BBL was recorded on October 28, 2022 when the property was conveyed to MAGG, LLC. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.

When was 79 MERCER STREET last sold?

The most recent ACRIS deed transfer for 79 MERCER STREET was recorded on October 28, 2022, when MAKKOS PROPERTIES LLC conveyed the property to MAGG, LLC for $3.25M. The transaction was financed with a $10.00M mortgage from Dime Community Bank.

How many HPD violations does 79 MERCER STREET have?

No open HPD housing-maintenance code violations are on record for 79 MERCER STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 79 MERCER STREET?

NYC Department of Finance assesses 79 MERCER STREET at $3.24M for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 79 MERCER STREET and what does that mean?

79 MERCER STREET is NYC building class O5 — Office + commercial. An office building with significant commercial space. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

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