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In Contract

The Chelsea Mercantile, 252 Seventh Avenue, #17I

$4,250,000 ($1,930 per ft2) | 2 beds, 2.5 baths | Approx. 2,202 ft2
Building Profile  | 
181 days on Market

Key Details

  • Listed: May 17, 2024
    Days on Market: 181
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $2,043
Monthly Real Estate Taxes: $3,190
Total Taxes & Fees: $5,233 ($2.38/ft2)
Est. Monthly Mortgage: $25,243
Total Est. Monthly Carrying Cost: $30,476 ($13.84/ft2)
Note: the above is based on a down payment of 10% ($425,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Modern Luxury in a Historic Building: The apartment is in a historic building that has been updated with modern luxury, featuring high ceilings, large windows for abundant natural light, a recently renovated kitchen with high-end appliances, and limestone clad floors and walls in the master bathrooms.
  • Spacious and Private Living: The apartment offers approximately 2,202 sq ft of space, including a primary suite with ample closet space and a luxurious en-suite bathroom, a second bedroom with its own en-suite bathroom, and walk-in closets.
  • Full-Service Building with Array of Amenities: The building offers a 24-hour doorman and concierge, a state-of-the-art fitness center, landscaped roof terrace, live-in superintendent, valet and maid services, on-site dry cleaning, laundry facilities, parking garage with direct lobby access, children’s playroom, conference room, private storage, health club, rooftop terrace, elevator, outdoor entertainment space, in-unit washer/dryer, bike room, fireplaces, and terraces/balconies.
  • Outdoor Space: The apartment includes a garden, and the building features an outdoor entertainment space and a landscaped roof terrace.
  • Convenient Retail and Dining: The building's retail space is occupied by Fresh Fields Whole Foods Market, and the central Chelsea location puts you close to a variety of dining and retail options.
  • Prime Location: This spacious 2-bedroom, 2.5-bathroom loft condominium is located in the desirable Chelsea neighborhood, atop a Whole Foods Market and close to art galleries, The High Line Park, dining, retail options, and public transportation including the subway.

Description

Experience stunning natural light, open views, and loft-like living in this luminous, expansive corner apartment at The Chelsea Mercantile, Downtown’s premier full-service loft condominium. Positioned on a high floor, this homes nearly 11-foot ceilings and gracious entry gallery set the stage for the expansive living room, where east and north-facing windows bathe the space in natural light. 14 nearly floor to ceiling windows bathe the space with light and stunning exposures. The kitchen was recently renovated by De la Torre Design and features reverse hand painted glass upper cabinets and backsplash, custom Cerused Oak cabinets and drawers, and is equipped with stainless steel appliances and counter-top seating, seamlessly integrating with the living area and adjacent dining space, perfect for grand-scale entertaining. The primary suite offers an abundance of closet space and a luxurious five fixture en-suite bathroom.

At the opposite end of the apartment, the second-bedroom with its own en-suite bathroom faces East, showering the room with light and ensuring privacy and tranquility. The Chelsea Mercantile provides an array of exceptional amenities, including recently renovated lobby, a state-of-the-art fitness center, a sprawling landscaped roof terrace, a live-in superintendent, valet and maid services, on-site dry cleaning, supplemental laundry facilities, a parking garage with direct lobby access, a children’s playroom, conference room, and private storage. Ideally situated in the heart of Chelsea, between Nomad and Hudson Yards, this residence offers unparalleled convenience. The building sits atop Whole Foods Market and is moments away from world-renowned contemporary art galleries, The High Line Park, an array of fine dining, retail options, and all major public transportation. Indulge in the ultimate urban lifestyle at The Chelsea Mercantile, where historic charm meets modern luxury.

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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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