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The Chelsea Mercantile, 252 Seventh Avenue, #10X

$5,250,000 ($2,200 per ft2) | 3 beds, 3 baths | Approx. 2,386 ft2
Building Profile  | 
122 days on Market

Key Details

  • Listed: Jul 15, 2024
    Days on Market: 122
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 270 times
Monthly Common Charges: $2,444
Monthly Real Estate Taxes: $3,941
Total Taxes & Fees: $6,385 ($2.68/ft2)
Est. Monthly Mortgage: $31,182
Total Est. Monthly Carrying Cost: $37,567 ($15.74/ft2)
Note: the above is based on a down payment of 10% ($525,000), which is the minimum amount permitted by the building.

Open house:

  • The afternoon of Sunday, Nov 17
By appointment only.

Insider Highlights

  • Prime Location: This property is located in the highly desirable Chelsea neighborhood, offering unobstructed views of The Chelsea Hotel. It's conveniently situated near contemporary art galleries, The Highline Park, Greenwich Village, Union Square, Flatiron, restaurants, nightlife, retail, and public transportation.
  • Stunning Interior: The apartment boasts a triple mint renovation with a highly desired floorplan, 3 bedrooms, 3 full bathrooms, a grand entry foyer, a windowed bonus room, and 11’ ceilings. The espresso matte finished hardwood floors, open kitchen with premium appliances, and the primary bedroom with an ensuite 5-fixture windowed bath add to the luxurious feel.
  • Abundant Natural Light: The property features Southern, Western, and Northern exposures, ensuring plenty of natural light throughout the day.
  • Ample Storage: The apartment offers plenty of storage with multiple closets, an in-unit washer and dryer, and a private storage unit included.
  • Building Amenities: The building provides a full-time doorman for added security, a fitness center, landscaped roof terrace, valet & maid services, on-site dry cleaning, parking garage, children’s playroom, and conference room. It also has a 24-hour doorman and concierge, a planted roof deck, a garage, and a Whole Foods Market on the corner.
  • Additional Features: The pet-friendly building is equipped with state-of-the-art wiring, stainless steel kitchens with built-in garbage disposal, high ceilings, and walk-in closets. Most apartments have washer and dryer hook-ups and the building also features a sundeck.

Description

Chelsea Mercantile | Triple Mint Renovation | Highly Desired Floorplan | 3 Bedroom + Windowed Bonus Room | 3 Full Bath | Grand Entry Foyer | Southern, Western and Northern Exposures | Unobstructed Views of The Chelsea Hotel Apartment Features: • Highly Desired and Largest Floorplan in this Category • Distinct Separation Between Private and Communal Areas • 3 Bedrooms • 3 Full Bathrooms • Grand Foyer • Windowed Home Office/Library/TV Den w/ Floor to Ceiling Rift Grey Oak Pocket Doors • Oversized Windows • Hunter Douglas Remote Controlled Blinds • Open Southern, Western, and Northern Exposures • Amazing Light Year Round • Unobstructed Landmark Views of The Chelsea Hotel • 11’ Ceilings • Espresso Matte Finished Hardwood Floors • W/D in unit • Closets, Closets & Closets!! • 2,386 square feet Living Room/Dining Room: • 33’ x 16’ Corner Loft-like Living/Dining Room • 4 Oversized Windows • Open Southern and Western Exposures • Direct views of the Landmarked Chelsea Hotel Kitchen: • Open Kitchen • White Industrial Glass Cabinets - Double Hung to Full Ceiling Height • Premium White Composite Countertops • Storage Galore! • Large Walk-in Pantry • Wine Cooler • S/S Appliances by Subzero, Miele and Viking • Breakfast Bar Primary Bedroom w/ Ensuite 5-fixture Windowed Bath: • Oversized Corner Bedroom • 3 Oversized Windows • Northern and Western Exposures • Custom Walk-in Closet • Ensuite Bath • Free Standing Soaking Tub • Large Western Facing Window • Separate Oversized Walk-in Shower • Double Vanity • Large Scale Tiles • Fixtures are by Vola and Robern Two Additional Large Bedrooms • North Facing • 2 Oversized Windows per Room • Custom Closets Second Full Bath w/ Tub Third Full Bath Functions as an Elegant Powder Room • Clad in Stone Panels • Free Standing Stone Pedestal Sink • Custom Mill-work • Soft yet Dramatic Lighting Private Storage Unit Included Chelsea Mercantile Amenities: • Grand Prewar Lobby w/ Timely Mosaic Décor and Terrazzo Floors • 24hr Doorman/Concierge • Fitness Center • 10,000 sf Landscaped Roof Terrace (Currently Undergoing a Major Renovation) • Live-in Resident Manager - Full Maintenance Staff • Valet & Maid Services • On-Site Dry Cleaning • Parking Garage - Accessed Directly Through the Main Lobby • Children’s Playroom • Conference Room • Whole Foods Market Pet Friendly - Woof! Woof! Meow! Meow! The Chelsea Mercantile was originally built in 1908 as a “woolens manufacturing building” and converted in 2000 to the luxurious condominium building it is today. Conveniently located in the center of Chelsea between Nomad and Hudson Yards, and in close proximity to the world’s leading contemporary art galleries of West Chelsea, The Highline Park, Greenwich Village, Union Square, Flatiron, a multitude of restaurants, nightlife, retail, and all public transportation. *All Showings By Appointment Only* Common Charges of $2,444.58 include the ongoing capital assessment of $409.32 Taxes Do Not Reflect 17.5% Co-op / Condo Primary Residence Abatement.

Special Assessment: $1,369.80 (Ending June 2025) For Elevator Upgrades and Redesigned 10,000 sf Common Roof Terrace.

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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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