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115 Mercer Street starts marketing
By Carter Horsley   |   From Archives Tuesday, November 7, 2006
Marketing has begun for 115 Mercer Street, a twin-building residential conversion in Soho between Prince and Spring Streets.

The 6-story buildings each have a broken pediment above their cornices and each building has a penthouse and 3 loft units.

The buildings were erected in 1872 and designed by Julius Boekell.

DCD Capital LLC of which Michael Betancourt and Siraj Dadabhoy are principals is the sponsor and it obtained a $29 million mortgage in April on it from NFRC WA Holdings II.

The buildings have rusticated pilasters and unified storefrontage and arched windows.

The building is on a nice cobblestone street and is not far from the Mercer Hotel and Dean & Deluca and there is a subway station at Broadway and Prince Street.

The apartments have French walnut open-plan kitchens with hone Crema Royale countertops, four-burner Wolf ranges, Wolf ovens and microwaves, Sub Zero refrigerators, GE wine coolers and Miele dishwashers.

Bathrooms have Zuma soaking tubs, Calacata marble vanities with her and his Kohler basins, heated limestone floors and towel racks and Miele Novatronic washers and dryers.

The building has a ramped entrance with a video-intercom stanchion. It has no balconies, no garage and no sidewalk landscaping.

DCD Capital LLC is part of DCD America whose properties include 25-7 Mercer Street, 57-63 Greene Street, 11 East 44th Street, 55 East 59th Street, and part interests in 420 Fifth Avenue and 86 Chambers Street.

DCD America is part of the DCD Group, which is based in the United Kingdom.

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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.