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The Chelsea Mercantile, 252 Seventh Avenue, #10H

$2,550,000 ($1,594 per ft2) | 2 beds, 2 baths | Approx. 1,600 ft2
Building Profile  | 
48 days on Market

Key Details

  • Listed: Sep 27, 2024
    Days on Market: 48
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $1,392
Monthly Real Estate Taxes: $1,656
Total Taxes & Fees: $3,048 ($1.91/ft2)
Est. Monthly Mortgage: $15,146
Total Est. Monthly Carrying Cost: $18,194 ($11.37/ft2)
Note: the above is based on a down payment of 10% ($255,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and History: This spacious 2-bedroom, 2-bath apartment is located in the desirable Chelsea neighborhood, close to Whole Foods, Madison Square Park, and major subway lines. The building, built in 1908 as a fabric factory, has a rich history and was later converted to condominiums.
  • Interior Features: The apartment boasts high 11 ft ceilings, large windows for ample natural light, hardwood floors, and exposed brick accents for a loft-like feel. The open kitchen is equipped with stainless steel appliances, granite counters, and an island with seating.
  • Master Suite: The oversized primary bedroom features a large dressing closet and a spacious en-suite bath. The master bathrooms have limestone walls and floors, deep soaking tubs and separate stall showers.
  • Building Amenities: The building offers full-time doorman, concierge, and valet service for convenience. Amenities include a gym, children's playroom, and a 10,000 sq ft landscaped roof deck with city views. There is also access to a public parking garage from the lobby.
  • Additional Features: The apartment is in a pet-friendly building and has state-of-the-art wiring. Many units have exposed brick walls with nine-foot beamed ceilings and walk-in closets. Some penthouses have ceilings that rise between 11 and 13 feet as well as fireplaces, skylights and terraces.
  • Kitchen and Bathrooms: The gourmet kitchens come with stainless-steel appliances, black granite countertops, cherry wood cabinets and built-in garbage disposals. The master bathrooms are luxurious with limestone walls and floors, deep soaking tubs and separate stall showers.

Description

Welcome to #10H at the highly desireable Chelsea Mercantile Condominium; A bright & spacious (approx 1,600 sq ft ) 2 bedroom, 2 bath apartment with 11 ft ceilings, large windows, hardwood floors and a washer/dryer This loft-like apartment has a sprawling living room with 3 oversized north facing windows and an open kitchen , at the far end, oufitted with stainless steel appliances,granite counters,and an island with seating for 3 The bedroom hallway houses a full bath and washer/dryer and nicely separates the bedrooms from the entertaining space. At the end of the hall is the quiet and bright, oversized primary bedroom, embued with a large dressing closet and spacious en-suite bath with double sinks, separate soaking tub and glass shower. The second bedroom has a large closet and is located across from the hall bath. Hardwood floors and exposed brick accents in the living room and 2nd bedroom further enhance this lovely home. The pet-friendly Chelsea Mercantile Condominium was built in 1908 as a fabric factory and was later converted to condominiums.

It has a full-time doorman, concierge, valet service for cleaning, storage, gym, childrens’ playroom and a 10,000 sf landscaped roof deck with magnificent city views! A public parking garage can be accessed from the lobby and pied-a-terres, subletting, guarantors, co-purchasing, and corporate ownership are permitted. Whole Foods is next door and close by are Crumbl Cookie, Eataly, Cosme, JUA, Cecconi’s, and Rezdora.

Madison Square Park is 2 blocks east and major subway lines are down the block. Please note there is a special assessment of $937.21/mo and a capital assessment of $280.06/mo.

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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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