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The Chelsea Mercantile, 252 Seventh Avenue, #5U

$3,250,000 ($1,952 per ft2) | 2 beds, 2 baths | Approx. 1,665 ft2
Building Profile  | 
273 days on Market

Key Details

  • Listed: Feb 15, 2024
    Days on Market: 273
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $1,388
Monthly Real Estate Taxes: $2,179
Total Taxes & Fees: $3,567 ($2.14/ft2)
Est. Monthly Mortgage: $19,303
Total Est. Monthly Carrying Cost: $22,870 ($13.74/ft2)
Note: the above is based on a down payment of 10% ($325,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: This desirable property is located in the sought-after Chelsea neighborhood, close to public transportation, the Flatiron District, and Greenwich Village, offering convenience and accessibility.
  • Spacious and Bright: The large 2-bedroom apartment features a home office that can function as a 3rd bedroom, high ceilings of approximately 12 feet for a spacious feel, and large 7-foot windows that provide ample natural light.
  • Modern Kitchen: The apartment boasts a modern all-white kitchen with a 7-foot island, generous countertops, state-of-the-art wiring, stainless-steel appliances, black granite countertops, cherry wood cabinets, and built-in garbage disposals.
  • Luxurious Bathrooms: The primary bedroom suite includes a large walk-in closet and a bathroom with double sinks, a separate tub, and shower. The second bathroom is spa-like with tiles by Ann Sacks, a floating vanity, and an oversized shower with a built-in stone bench.
  • Convenient Amenities: The building offers on-site parking, a Whole Foods Market on the ground floor, a 24-hour doorman and concierge, valet and maid service, a fitness center with a children’s playroom, a rooftop deck with city and river views, a garage, and additional laundry facilities in the common hallway.
  • Historic Charm: Built in 1906, the building is a historic structure that adds character and charm to the modern features of the apartments.

Description

This south facing 2 bedroom with home office is large enough to function as a dedicated 3rd bedroom, media room, professional office or children’s playroom. The ceiling height in the south building soars to approximately 12 feet which creates a sense of volume in all rooms so that the loft actually appears larger than its 1665 square feet. Windows are 7 feet tall and are perfectly scaled to deliver even southern light throughout.

There is a certain pre-war authenticity that comes with the great room where structural columns create a natural separation of space between the living and dinning areas which measure 34 feet. The clean lines of the all-white kitchen with 7-foot island, recessed pulls, generous counter-tops with reciprocating stone panels and matching back-splash, enhances the modern aesthetic and functionality of the loft. Here the kitchen is a dramatic solution that seamlessly blends the living and entertaining spaces.

The primary bedroom suite has a large walk-in closet and the primary bath has double sinks with a separate tub and shower. The spa-like second bath, with tiles by Ann Sacks, has a floating vanity and an oversized shower with built-in stone bench. There is also a washer/ dryer in the loft and a laundry room with additional machines in the common hallway.

The added value here is the flexibility of this loft to function as a proper 3 bedroom with the luxury of on-site parking and the convenience of the Whole Foods Market located on the ground floor.

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Apartment Amenities

  • Southern Exposures
Listing courtesy of Campbell Fionn S

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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