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The Chelsea Mercantile, 252 Seventh Avenue, #6P

$3,750,000 ($1,741 per ft2) | 3 beds, 3 baths | Approx. 2,154 ft2
Building Profile  | 
141 days on Market

Key Details

  • Listed: May 29, 2024
    Last Price Change: ($245,000) on Aug 21
    Days on Market: 141
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 216 times
Monthly Common Charges: $1,819
Monthly Real Estate Taxes: $3,461
Total Taxes & Fees: $5,280 ($2.45/ft2)
Est. Monthly Mortgage: $21,532
Total Est. Monthly Carrying Cost: $26,812 ($12.45/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

  • Property Overview: This expansive 2,200-square-foot, 3-bedroom, 3-bathroom corner loft has undergone a complete gut renovation, featuring contemporary finishes, airy 11-foot ceilings, and 13 seven-foot windows providing southeast exposure.
  • Interior Features: The loft boasts a sleek open chef’s kitchen equipped with top-of-the-line appliances, bedrooms situated on opposite sides of the living room for maximum privacy, and a versatile office/third bedroom with custom white oak bookcases and a European-designed Murphy bed. The grand primary bedroom features a Poliform walk-in closet, a windowed desk area, and a spa-like primary bathroom.
  • Additional Amenities: The property includes an in-unit washer and dryer, a private storage unit conveniently located in the cellar, and full-service amenities including a 24-hour doorman, concierge, garage, gym, 10,000-square-foot landscaped roof deck, children’s playroom, valet service, and conference room.
  • Prime Location: Situated in a prime Chelsea location, the building is surrounded by over 300 art galleries, popular restaurants, and abundant transportation options. It is also in close proximity to the High Line and Whole Foods Market.
  • Building Features: The building, built in 1906 and converted into a residential property in 2000, offers a fitness center, resident storage, full-service garage, garden, rooftop terrace, elevator, children's playroom, outdoor entertainment space, bike room, and live-in superintendent.
  • Apartment Details: The apartments in this building have state-of-the-art wiring, gourmet kitchens, and limestone-clad master bathrooms, while the penthouses feature skylights, terraces, and fireplaces.

Description

Experience the essence of Chelsea chic in this expansive 2,200-square-foot, 3-bedroom, 3-bathroom corner loft at The Chelsea Mercantile. This stunning residence has undergone a complete gut renovation, offering contemporary finishes and a versatile layout for ultimate comfort.

Enter through a dramatic foyer and proceed down the hallway to an open, sun-drenched living and dining area. With airy 11-foot ceilings and 13 seven-foot windows providing southeast exposure, the bright and open corner apartment is perfect for entertaining.

The sleek open chef’s kitchen, equipped with top-of-the-line appliances, seamlessly serves the large living space.

The bedrooms are situated on opposite sides of the living room for maximum privacy. The grand primary bedroom, concealed behind custom 9-foot white oak doors, features a Poliform walk-in closet, a windowed desk area, and a spa-like primary bathroom. The second bedroom also offers privacy, with an en-suite marble bathroom, custom built-ins, and a Poliform closet.

The versatile office/third bedroom includes custom white oak bookcases and a European-designed Murphy bed, making it ideal for remote work or guest accommodations. This space can be enclosed with a unique German-engineered three-panel wall system, maintaining the sleek aesthetic of the loft.

Additional features include an in-unit washer and dryer, a chic full guest bathroom, and a private storage unit conveniently located in the cellar.

Special Assessment: $1,224.36 (Ending June 2025) Capital Assessment: $365.86 (Ongoing, no end date)

The Chelsea Mercantile offers full-service amenities, including a 24-hour doorman, concierge, garage, gym, 10,000-square-foot landscaped roof deck, children’s playroom, valet service, and conference room, with Whole Foods conveniently located at your doorstep. Situated in the heart of Chelsea, this prime address is surrounded by over 300 art galleries, popular restaurants, and abundant transportation options, and is just minutes from the High Line.

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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 0.08 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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