Spring Break at 40 Mercer! Twenty-Somethings Buy $7 M. Condo

glass40mercer Spring Break at 40 Mercer! Twenty Somethings Buy $7 M. CondoThere are cabanas, a pool straight out of Antony and Cleopatra and a private club at 40 Mercer Street. Perhaps we shouldn’t be shocked that two twenty-somethings have purchased a $7 million condo in the building, but of course we still are.  

The two young Greek buyers, Aristi and Ilias Sarras, have dropped a stunning $7.565 million on a three-bedroom, high-floor place at Andre Balazs and sexy Jean Nouvel‘s 40 Mercer Street, according to public records. Well, sort of. The cash actually came from an unnamed third-party, according to sources. A “philanthropist,” let’s call him. 

The Sarras family commands a small empire in Greece’s multibillion-dollar shipping business. Perhaps counter-intuitively, given the whole riot-causing-financial-collapse thing, wealthy Greeks have started snapping up real estate in safe havens like New York and London at rates that some expect could surpass Japanese buyers.  

The Sarrases’ broker, Elaine Tross of Halstead, declined to discuss the duo’s identity. But she said the unnamed purchasers fell in love with the “city views” and lively Soho location. They looked all over the city, including such marquee residences as the Time Warner Center, 15 Union Square West and throughout Tribeca. 

The seller, entrepreneur Lawrence Stephen, is currently on vacation in the Bahamas and couldn’t be reached for comment. “It was stunning,” said Wilbur Gonzalez of Prudential Douglas Elliman, who represented the seller along with Adam Taylor. Mr. Gonzalez said he has another three-bedroom condo at 40 Mercer in contract for $5.5 million set to close in a couple of weeks. 

Forty Mercer is rapidly establishing itself as the city’s favorite Nouvel niche. Meg Ryan is renting a spot in the building and LeBron James was seen checking out one of the building’s soaring spaces. And who could forget the Sarrases’ famous twenty-something neighbor, Harry Potter himself–Daniel Radcliffe? This most recent purchase is definitely a score for the building, which markets itself as a hip “artists’ mecca” for the young and beautiful–and, we add, well-parented. 


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