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The Chelsea Mercantile, 252 Seventh Avenue, #PHY

$4,650,000 ($2,013 per ft2) | 2 beds, 3.5 baths | Approx. 2,310 ft2
Building Profile  | 
175 days on Market

Key Details

  • Listed: May 13, 2024
    Last Price Change: ($345,000) on Oct 17
    Days on Market: 175
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 238 times
Monthly Common Charges: $1,809
Monthly Real Estate Taxes: $3,379
Total Taxes & Fees: $5,188 ($2.25/ft2)
Est. Monthly Mortgage: $27,731
Total Est. Monthly Carrying Cost: $32,919 ($14.25/ft2)
Note: the above is based on a down payment of 10% ($465,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This triplex residence is located in the heart of Chelsea, a vibrant and desirable neighborhood. It's in close proximity to attractions like Madison Square Park, the High Line, the Meatpacking District, The West Chelsea Arts District, The Highline and Hudson River Parks and Chelsea Piers. The central Chelsea location also offers good public transportation.
  • Spacious and Luxurious Interior: The residence boasts over 2300 square feet of space, featuring 2 bedrooms, 3.5 baths, a den, and a home office. The open-plan living/dining/kitchen area has 11-foot beamed ceilings, and the impressive primary bedroom comes with a separate dressing area and custom closets. The property also features high ceilings, large windows, walk-in closets, and washer and dryer hook-ups.
  • High-End Kitchen and Bathrooms: The chef’s kitchen is equipped with high-end stainless appliances, black granite countertops, cherry wood cabinets, and built-in garbage disposals. The master bathrooms have limestone walls and floors, deep soaking tubs, and separate stall showers.
  • Outdoor Features: The property includes a beautifully landscaped terrace with captivating views and an outdoor kitchen. Penthouses in the building have skylights, terraces, and fireplaces.
  • Building Amenities: The building offers a 24-hour doorman and concierge, a 10,000 square foot roof deck, parking with direct elevator access, a state-of-the-art fitness center, a children’s playroom, an in-house dry-cleaning/valet service and supplemental laundry facilities. The retail space is occupied by Fresh Fields Whole Foods Market.
  • Pet-Friendly and Historic: This pet-friendly residence is housed in a building constructed in 1906, offering a blend of historic charm and modern amenities, including state-of-the-art wiring.

Description

FABULOUS PH - 2BR + Den + HO - LANDSCAPED TERRACE/OUTDOOR KITCHEN Summer in the city has never been more appealing than with this stunning triplex residence. Boasting over 2300 square feet, this pristine home was meticulously redesigned to maximize light, scale and privacy and features 2 bedrooms, 3.5 baths, a den, and a home office. Like a "house in the sky" PHY offers almost a suburban lifestyle - open living on the first floor, large bedrooms and great closet space on the second level and a glorious landscaped "backyard" at the top.

All this in an impeccably run, full-service condo with low monthlies in the heart of Chelsea. The first level is dedicated to entertainment, with an open-plan living/dining/kitchen area adorned with 11-foot beamed ceilings, a chef’s kitchen equipped with high-end stainless appliances, a center island and a breakfast bar. A versatile den/guest bedroom with built-in bookshelves and a full bath complete this space. The second level houses the private quarters, featuring an impressive primary bedroom with a separate dressing area and custom closets, along with an en suite 5-fixture bath boasting double vanities and a skylight.

Additionally, there’s a spacious secondary bedroom with ample closet space and its own ensuite bath with radiant heat floors and a skylight. A separate home office with pocket doors, central A/C, electric/cable connections, and built-in cabinetry, provides a serene workspace. Ascend to the third level and step out onto the beautifully landscaped terrace, offering captivating views northwest to Hudson Yards and south to the Freedom Tower. Here, the living/dining space seamlessly blends with an outdoor kitchen featuring a gas grill, refrigerator and ice machine allowing for the utmost in al fresco entertaining.

A powder room and a full-sized LG washer/dryer with folding table/drying racks add convenience to this level. Further benefits include tons of closet space and thermostatic controlled HVAC. The Chelsea Mercantile is one of the neighborhood’s most desirable condominium buildings with a top-notch staff. Amenities include a 24-hour doorman and concierge, a 10,000 square foot roof deck with stunning views of the city, parking with direct elevator access, a state-of-the-art fitness center, a children’s playroom, an in-house dry-cleaning/valet service and supplemental laundry facilities.

Ideally located in the heart of Chelsea, this pet-friendly residence is easily accessible to Flatiron, Madison Square Park, Nomad, the High Line and the Meatpacking District. In addition to Whole Foods on the ground level, Eataly, Chelsea Market and Trader Joe’s are all nearby. Other attractions include The West Chelsea Arts District, The Highline and Hudson River Parks and Chelsea Piers.

Moynihan Station and Fashion Institute of Technology are also just a few blocks away. There is an ongoing capital assessment of $396 and a special assessment of $1325 through June 2025.

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Apartment Amenities

  • Garden
Listing courtesy of Compass

Pricing History

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About The Chelsea Mercantile, 252 Seventh Avenue

81

The Chelsea Mercantile, 252 Seventh Avenue has received a CityRealty Rating of 81, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

26
Out of 44
+
25
Out of 36
+
22
Out of 39
+
8
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Full Service Garage
  • Garden
  • Health Club
  • Rooftop Terrace
  • Elevator
  • Children's Playroom
  • Fitness Center
  • On-Site Parking
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Bike Room
  • Fireplaces
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Impressive Rotunda Lobby
  • Concierge
  • Good public transportation
  • State-of-the-art wiring
  • Many apartments have exposed brick walls
  • Stainless steel kitchens with built-in garbage disposal
  • Penthouses have skylights- terraces and fireplaces
  • High ceilings
  • Close to Subway
  • Large windows- many with fine views
  • Limestone clad floors and walls in master bathrooms
  • Walk-in closets
  • Sundeck
  • Most apartments have washer and dryer hook-ups
  • Central Chelsea location
  • Retail space occupied by Fresh Fields Whole Foods Market
Cons
  • Seventh Avenue streetscape is somewhat bland
  • No Balconies
  • No sidewalk landscaping
  • Many apartments
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Subways

  1. 1
at 7th Ave 0.08 miles
  1. C
  2. E
at 8th Ave and 25th 0.14 miles
  1. M
  2. F
at 6th Ave 0.22 miles
  1. N
  2. R
at Broadway 0.36 miles
  1. 2
  2. 3
at 7th Ave 0.42 miles
  1. A
  2. L
at 8th Ave and 16th 0.45 miles
  1. B
  2. D
  3. Q
at 6th Ave 0.49 miles

Aerial Imagery

 

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