Mercer Square Owners Corp

250 Mercer Street

New York, NY 10012
Co-op
About
A 9-contiguous-building residential apartment house that makes up the cooperative portion of a cond-op. The retail portion of the property is a condominium. The buildings range from 6-to-16-stories and contain an aggregate 290,492+ square feet of gross building area. Built between 1900 and 1920, and later converted to cooperative ownership in 1986, 250 Mercer Street, which is also known as Mercer Square, contains 263 residential apartment units and five laundry facilities throughout the building.

BROKER SPECIALIST:
Douglas Elliman Real Estate
Joshua Lieberman
jlieberman@elliman.com
212.965.6047

https://joshualieberman.elliman.com/about/joshua-lieberman/10630
Applications
Purchase Application - 250 Mercer Street (G)
250 Mercer Street- Sublease: As of Right (G)
250 Mercer Street- Subleasing: Full Board (G)
250 Mercer Street - Renewal
Refinance - Monthly Payments Higher than Prior Payments (G)
Refinance - Monthly Payments less than Prior Payments (G)
Property Contacts 2017 de primary rgb propertymgmnt

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Documents

Building Financials

2016 Condo Financial Statement - 250 Mercer Street $50.00 07/11/17
2016 Coop Financial Statement - 250 Mercer Street $50.00 09/22/17
2017 Condo Financial Statement - 250 Mercer Street $50.00 04/02/19
2017 Coop Financial Statement - 250 Mercer Street $50.00 08/28/18
2018 Condo Financial Statement - 250 Mercer Street $50.00 06/05/19
2018 Coop Financial Statement - 250 Mercer Street $50.00 10/22/19

By Laws

By-Laws - 250 Mercer Street - Coop.pdf $50.00 09/20/17

Building Offering Plan And Amendments

21st Amendment - 250 Mercer Street.pdf $50.00 05/09/17
Amendments 1-21 - 250 Mercer Street $150.00 01/09/19
Offering Plan ONLY - 250 Mercer Street.pdf $150.00 10/03/18
Offering Plan and Amendments 1-21 - 250 Mercer Street.pdf $250.00 09/21/17

Building Proprietary Lease

Proprietary Lease - 250 Mercer Street.pdf $50.00 01/31/18
Building Policies

General Policies

Pets Allowed Shareholders exclusively
Smoking Allowed Not allowed in common areas
Subletting Allowed Board approval needed
Parents Buying for Employed Child(ren) Not Allowed
Parents Buying for Student Child(ren) Not Allowed

Additional Building Information

  • Parents Purchasing with adult Children Policy: Permitted

  • Annual Corporate Sublet Fee an amount equivalent to two and a half (2.5) months maintenance (including additional small assessment) - check payable to Mercer Square Owners Corp. must be submitted with Board package.
Amenities

Special Amenities

Elevator
Multimedia/Entertainment Room
Hardwood Floors
Laundry Room
Dishwasher

Outdoor Spaces

Rooftop Access
Private Balcony (Standard, Juliette, etc)

On Site Services

Doorman
Concierge

Utilities

Central Air Conditioning/Heat (HVAC)
Building Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Application Fee $300 Submission
Buyer Corporate Application Processing Fee $200 Submission
Buyer Credit Report Fee $75 Per applicant Submission
Buyer Move In Deposit $600 Submission
Buyer Move In Fee $400 Submission
Seller Lead Based Paint Disclosure Fee $75 Submission
Seller Move Out Deposit $600 Submission
Seller Move Out Fee $400 Submission
Buyer Financing Fee $300 (if financing) Closing
Seller Closing Fee $700 plus $0.05 Per Share with broker ($750 plus $0.05 Per Share without broker) Closing

Co-Op Sublet

Payor Building Fees Amount Due Upon
Shareholder Annual Corporate Sublet Fee Equivalent to Two and Half (2.5) Months Maintenance Charge Submission
Shareholder Lead Based Paint Disclosure Fee $75 Submission
Shareholder Move Out Deposit $600 Submission
Shareholder Move Out Fee $400 Submission
Shareholder Subletting Fee $200 Submission
Subtenant Corporate Application Processing Fee $200 Submission
Subtenant Credit Report Fee $75 per Applicant Submission
Subtenant Move In Deposit $600 Submission
Subtenant Move in Fee $400 Submission
Subtenant Move Out Deposit $600 Submission
Subtenant Move Out Fee $400 Submission
Subtenant Sublet Application Fee $300 Submission

Less Refinance

Payor Building Fees Amount Due Upon
Shareholder Credit Report Fee $75 per applicant Submission
Shareholder Financing Fee $250 Submission
Shareholder Financing Fee $100 Submission

More Refinance

Payor Building Fees Amount Due Upon
Shareholder Credit Report Fee $75 per applicant Submission
Shareholder Financing Fee $250 Submission
Shareholder Financing Fee $100 Submission

Sublet Renewal

Payor Building Fees Amount Due Upon
Shareholder Processing Fee $300 Submission
Shareholder Annual Corporate Sublet Fee an amount equivalent to two and a half (2.5) months maintenance (including additional small assessment) - check payable to Mercer Square Owners Corp. must be submitted with Board package. Submission
BoardPackager Processing

Single Application Initiation Fee

One-time fee paid by the person who begins the application

Payor Fees Amount Due Upon
Application
Initiator
If Agent or Attorney

If Applicant or Owner
$50

$100
Initiation
Application Participants Any Free N/A

Digital Submission Fee

Payor Type Amount Due Upon
Applicant Purchase
Lease/Sublet
Renewal
$45 Complimentary
Shareholder Refinance $45 Complimentary

Credit Card Processing Fee

Payor Fees Amount Due Upon
Any Participant Paying Building Fees Credit Card
Processing
5% of Total
(excluding Submission
& Initiation Fees)
Submission
Property Management
Property managed by:
2017 de primary rgb propertymgmnt
All building information and documentation provided by property management.
12/03/19
Total Fees: 480
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