Mercury Lounge Building Hits Market for $7.5M

Posted on: March 19th, 2021 at 5:01 am by

Another Lower East Side building with an iconic commercial tenant is on the market.

The mixed-use tenement at 217 East Houston Street, which houses Mercury Lounge on the ground floor is currently for sale. Asking price is $7.5 million.

Of the eight apartments in the building, five are stabilized and three free-market. The music venue has been here for more than twenty-five years, and according to the real estate listing, renewed their lease in December 2020.

Air rights were sold to the owners of the Provident Loan property next door in 2015, which is slated for eventual redevelopment into a jagged, twelve-story tower.

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