Key Details

Listed: May 1, 2024

Last Price Change: ($48,000) on Jul 26

Days on Market: 240

Building Type: Condominium

Neighborhood: Chelsea (Manhattan)

Doorman: FT Doorman

Listing viewed 150 times

Monthly Common Charges: $916

Monthly Real Estate Taxes: $1,412

Total Taxes & Fees: $2,328 ($2.00/ft²)

Est. Monthly Mortgage: $10,510

Total Est. Monthly Carrying Cost: $12,838 ($11.05/ft²)

Note: the above is based on a down payment of 10% ($175,000), which is the minimum amount permitted by the building.

Description

A truly sizable 1-bedroom loft (conv. 2 possible) in the renowned Chelsea Mercantile. The expansive floor plan is ideal for entertaining and relaxed living. When entering, you are greeted by a formal entry foyer which leads you to a great room with plenty of space for several seating areas and an oversized dining table.

There are 11 feet ceilings throughout, accented by oversized windows. There are serene and sunny exposures into the planted garden courtyard, giving you a sense of Zen that is needed in a NYC lifestyle. The significantly large primary bedroom is positioned separately from the living area and includes a large custom-built walk-in closet. The mint-condition bathroom is a place of sanctuary and solitude.

The stylish open kitchen is in excellent condition with stainless steel, chic black finishes, and offers plenty of cabinet and counter space for any skilled chef. Washer and Dryer in unit. Built in 1908, the 19-story pre-war (WWI) condominium at 252 Seventh Avenue in Chelsea is prime real estate for New Yorkers looking to turn the clock back on Manhattan’s storied history. It embraces the perfect blend of luxury and is notorious for its excellent service and very low monthly common charges and taxes.

There is a 24 hour door person and concierge service, a private parking garage located inside the building, a state-of-the-art fitness room, 10,000 square foot roof deck, and a children’s playroom. Neighborhood Faves: Shukette (Middle Eastern Cuisine), Crumbl Dessert, Brooklyn Bagel, Seven Grams Caffe, Whole Foods. Variety Coffee Roasters, Café Chelsea, Jack’s Wife Frida, Plethora of West Chelsea Galleries, Chelsea Piers, and Madison Square Park. Pied-a-terre, subletting, guarantors, co-purchasing, and corporate ownership are allowed.

The condo is pet-friendly. Ongoing monthly capital assessment of $871 through June 2025 for upgrading the elevators and renovations to the incredible city view roof deck.

About The Chelsea Mercantile, 252 Seventh Avenue

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

Out of 44

Out of 36

Out of 39

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

Condo
Built in 1906
354 Apartments
21 Floors

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

About this Building

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

Map View | Street View

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