Please note: There is a minimum 30-day turnaround time for all sale and sublet applications - between submission, review, and scheduling an interview. Please ensure all sublet applications are submitted well in advance of the sublease commencement date.
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
Mercer Square Owners Corp
250 Mercer Street
New York, NY 10012
co-op
applications
property contacts
confirm to continue
board minutes
Attorneys, Paralegals, and legal representatives can request to view Board Minutes via the Domecile platform. There is a fee associated with each approved request that is payable to Domecile.
questionnaires
Have a questionnaire completed by property management.
general policies
Pets Allowed
Shareholders exclusively
Smoking Allowed
Not allowed in common areas
Subletting Allowed
Board approval needed
Short Term Rentals Not Allowed
AirBnB Not Allowed
Co-Purchasing Allowed
Parents Buying for Employed Child(ren) Allowed
Case by case
Parents Buying for Student Child(ren) Not Allowed
Corporate Purchase/Lease Not Allowed
Diplomat Purchase/Lease Not Allowed
additional building information
-Parents Purchasing with adult Children Policy: Case by case
-Annual Corporate Sublet Fee an amount equivalent to three (3) months maintenance (including additional small assessment)
- Check payable to Mercer Square Owners Corp. must be submitted with Board package.
-2 approvals are needed for board to interview.
-Change packages will take 30 days to approval
-All sublet renewals with no issues are automatically approved with payment
-Annual Corporate Sublet Fee an amount equivalent to three (3) months maintenance (including additional small assessment)
- Check payable to Mercer Square Owners Corp. must be submitted with Board package.
-2 approvals are needed for board to interview.
-Change packages will take 30 days to approval
-All sublet renewals with no issues are automatically approved with payment
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee | Submission | $600 or $1,000 (Trust Purchase - if permitted by Corporation) |
| Buyer | Application Processing Fee for Co-applicant(s) or Guarantor(s) | Submission | $250 per Co-applicant/ Guarantor |
| Buyer | Background Report Fee | Submission | $125 per applicant (additional $75 for criminal check if required by the Board) |
| Buyer | Corporate Application Processing Fee | Submission | $200 |
| Buyer | Move In Deposit (Refundable) | Submission | $600 |
| Buyer | Move In Fee | Submission | $400 |
| Seller | Lead Based Paint Disclosure Fee | Submission | $75 |
| Seller | Move Out Deposit (Refundable) | Submission | $600 |
| Seller | Move Out Fee | Submission | $400 |
| Buyer | Financing Fee | Closing | $300 (if financing) |
| Seller | Closing Fee | Closing | $800 ($850 without a Broker) plus $0.05 per share |
| Seller | Sale by an Estate or Trust - Closing Fee | Closing | $1,000 plus $0.05 per share |
| Seller | Transfer Fee | Closing | 2% of the Gross Sale Price |
co-op sublet
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Annual Corporate Sublet Fee | Submission | Equivalent to Three (3) Months Maintenance Charge |
| Shareholder | Application Processing Fee | Submission | $200 |
| Shareholder | Lead Based Paint Disclosure Fee | Submission | $75 |
| Shareholder | Move Out Deposit (Refundable) | Submission | $600 |
| Shareholder | Move Out Fee | Submission | $400 |
| Subtenant | Application Processing Fee | Submission | $350 |
| Subtenant | Background Report Fee | Submission | $125 per applicant (additional $75 for criminal check if required by the Board) |
| Subtenant | Corporate Application Processing Fee | Submission | $200 |
| Subtenant | Move In Deposit (Refundable) | Submission | $600 |
| Subtenant | Move In Fee | Submission | $400 |
| Subtenant | Move Out Deposit (Refundable) | Submission | $600 |
| Subtenant | Move Out Fee | Submission | $400 |
less refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Financing Fee | Submission | $250 |
| Shareholder | Financing Fee | Submission | $100 |
more refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Background Report Fee | Submission | $125 per applicant (additional $75 for criminal check if required by the Board) |
| Shareholder | Financing Fee | Submission | $100 |
| Shareholder | Financing Fee | Submission | $250 |
sublet renewal
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Annual Corporate Sublet Fee | Submission | Equivalent to three (3) Months' Maintenance Charges |
| Shareholder | Application Processing Fee | Submission | $300 |
co-op transfer
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Transfer Fee | Submission | Contact Transfer Agent for fee schedule |
single application initiation fee
One-time fee paid by the person who begins the application.
| payor | fee | due upon | amount |
|---|---|---|---|
|
Agent /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
|
Initiation
Initiation
N/A
|
$75
$120
Free
|
| Application Participants | Any | N/A | Free |
If you are a real estate agent affiliated with one of our enterprise brokerage clients starting an application is covered by your brokerage.
digital submission fee
| payor | fee | due upon | amount |
|---|---|---|---|
| New Resident | Purchase Sublet/Lease Storage Sale Parking Sale |
Complimentary | $65 |
| Current Resident | Renewal Refinance Transfer Storage Sale Parking Sale Alteration |
Complimentary | $45 |
app admin fee
| payor | due upon | amount |
|---|---|---|
| Any Participant Paying Building Fees | Submission | 5% of Total (excluding Digital Submission & Initiation Fees) |
For more detailed information, please see our Pricing page.
All property information and documentation provided by property management.
10/31/25