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In Contract

The Chelsea Mercantile, 252 Seventh Avenue, #18E

$2,500,000 ($1,958 per ft2) | 2 beds, 2 baths | Approx. 1,277 ft2
Building Profile  | 
276 days on Market

Key Details

  • Listed: Feb 20, 2024
    Last Price Change: ($295,000) on Jul 1
    Days on Market: 276
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 161 times
Monthly Common Charges: $1,207
Monthly Real Estate Taxes: $2,299
Total Taxes & Fees: $3,506 ($2.75/ft2)
Est. Monthly Mortgage: $14,984
Total Est. Monthly Carrying Cost: $18,490 ($14.48/ft2)
Note: the above is based on a down payment of 10% ($250,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This high-floor apartment is located in the desirable Chelsea neighborhood, with Whole Foods Market at the doorstep and other amenities like Eataly, Chelsea Market, and Trader Joe’s nearby. It's also close to attractions like The Highline and Hudson River Parks, Hudson Yard, Chelsea Piers, and The West Chelsea Gallery District.
  • Stunning Design: The apartment is fully furnished and in mint condition, designed by a renowned designer with an open floor plan and 12’ ceilings. It features two bedrooms and two baths, with the primary suite boasting abundant closets, a marble bath, and an enormous shower.
  • Luxury Kitchen: The property includes a full chef’s kitchen with top of the line appliances, gourmet kitchens with stainless-steel appliances, black granite countertops, cherry wood cabinets, and built-in garbage disposals.
  • Modern Amenities: The apartment is equipped with an in-unit washer and dryer, electronic shades, and a full AV system. The master bathrooms have limestone walls and floors, deep soaking tubs, and separate stall showers.
  • Building Features: This full-service luxury condominium offers 24-hour doorman services, an attended lobby, concierge, resident storage, full-service garage, health club, rooftop terrace, elevator, children's playroom, fitness center, on-site parking, outdoor entertainment space, bike room, fireplaces, live-in superintendent, and terraces/balconies.
  • Convenient Transportation: The area has good public transportation and is conveniently located near the Flatiron District to the east and Greenwich Village to the south.

Description

Mint condition, high floor, fully furnished, with two bedrooms and two baths, imagined by a renowned designer the apartment has an open floor plan, 12’ ceilings, incredible city views. The primary suite has abundant closets, a marble bath, and an enormous shower. The second bedroom can be closed off by closing the walnut paneling.

Washer and dryer in the unit as well as electronic shades and full AV system. Full chef’s kitchen with top of the line appliances. The Chelsea Mercantile is a full-service luxury Condominium with a recently renovated lobby with 24-hour doorman services, parking with direct elevator access, a state-of-the-art gym, a children’s playroom, an in-house laundry/dry-cleaning valet service, supplemental laundry facilities (the unit has a washer-dryer too), and an enviable landscaped roof terrace. This location nestled between centrally positioned Madison Square Park and Hudson Yards/West Chelsea is rich in amenities, with a Whole Foods Market at your doorstep, and Eataly, Chelsea Market, Trader Joe’s, to name a few, close by.

Additional nearby attractions include The Highline and Hudson River Parks, Hudson Yard, Chelsea Piers, The West Chelsea Gallery District. Capital Assessment is ongoing: $242.76/month Special Assessment from July 2023 – June 2025: $812.41/month

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Apartment Amenities

  • Washer/Dryer in apt.
Listing courtesy of Sothebys International Realty

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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