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The Chelsea Mercantile, 252 Seventh Avenue, #6P

$3,750,000 ($1,705 per ft2) | 3 beds, 3 baths | Approx. 2,200 ft2
Building Profile  | 
212 days on Market

Key Details

  • Listed: May 29, 2024
    Last Price Change: ($245,000) on Aug 21
    Days on Market: 212
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 256 times
Monthly Common Charges: $1,819
Monthly Real Estate Taxes: $3,461
Total Taxes & Fees: $5,280 ($2.40/ft2)
Est. Monthly Mortgage: $22,522
Total Est. Monthly Carrying Cost: $27,802 ($12.64/ft2)
Note: the above is based on a down payment of 10% ($375,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious Corner Loft: This expansive 2,200-square-foot residence features soaring 11-foot ceilings and 13 large windows, flooding the space with natural light.
  • Luxurious Primary Suite: The primary suite offers a serene retreat with custom white oak doors, a walk-in closet by Poliform, and a spa-like en-suite bathroom.
  • Flexible Third Bedroom/Office: Designed for versatility, this room features custom bookcases and a European-style Murphy bed, easily adaptable to your needs.
  • In-Unit Washer and Dryer: Enjoy the convenience of an in-unit washer and dryer, adding to the modern luxury of this meticulously designed loft.
  • Building Amenities: The Chelsea Mercantile offers a 24-hour doorman, fully equipped gym, landscaped roof deck, and children's playroom, enhancing your lifestyle.
  • Chef's Kitchen: The contemporary kitchen is equipped with high-end appliances and seamlessly connects to the living area, perfect for entertaining.

Description

This stunning 2,200-square-foot corner loft at The Chelsea Mercantile offers the ultimate in modern luxury living, perfectly blending space, style, and functionality in one of New York’s most vibrant neighborhoods. With its spacious convertible 3-bedroom, 3-bathroom layout, this meticulously redesigned residence provides an ideal environment for both relaxation and entertainment.

Key Features:

Expansive Living Area: As you enter the loft, you’re welcomed by an impressive foyer that leads to a bright, airy living and dining space. Soaring 11-foot ceilings and 13 large windows flood the area with natural light, creating a warm and inviting atmosphere.

The southeast exposure further enhances the sense of openness and tranquility, perfect for hosting gatherings or unwinding at home.

Chef’s Kitchen: The contemporary kitchen features high-end appliances and offers seamless access to the main living area, allowing for easy interaction with guests or family while preparing meals.

Private Bedroom Layout: The residence is thoughtfully designed with privacy in mind. The bedrooms are strategically positioned on opposite sides of the living space, creating a sense of separation and quiet. The expansive primary suite offers a luxurious retreat, complete with custom white oak doors, a walk-in closet by Poliform, a windowed workspace, and a spa-like en-suite bathroom.

Second Bedroom & Third Bedroom/Office: The second bedroom also boasts an en-suite marble bathroom, custom built-ins, and generous closet space.

The third room, designed as a flexible office/guest room, features custom bookcases and a European-style Murphy bed. This space can easily be enclosed with a sophisticated German-engineered wall system, preserving the loft’s open-concept aesthetic.

Modern Amenities: Additional features include an in-unit washer and dryer, a chic guest bathroom, and a private storage unit in the cellar.

Building Amenities:

24-hour doorman and concierge services

Garage parking

Fully equipped gym

10,000-square-foot landscaped roof deck

Children’s playroom and valet service

Conference room for business needs

Location:

This corner loft is ideally located in the heart of Chelsea, just steps away from Whole Foods, more than 300 art galleries, a vibrant array of restaurants, and the famed High Line park. The area is well-served by public transportation, making commuting or exploring the city a breeze.

Financials:

Special Assessment: $1,224.36/month (ending June 2025)

Capital Assessment: $365.86/month (ongoing, no end date)

This property offers a rare opportunity to own a spacious, luxurious residence in one of Manhattan’s most coveted neighborhoods.

Whether you’re seeking a home for entertaining or a private sanctuary, this loft at The Chelsea Mercantile is a standout choice.

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Listing courtesy of Douglas Elliman Real Estate

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 0.09 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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