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The Chelsea Mercantile, 252 Seventh Avenue, #7Q

$2,750,000 ($1,759 per ft2) | 2 beds, 2 baths | Approx. 1,563 ft2
Building Profile  | 
20 days on Market

Key Details

  • Listed: Oct 25, 2024
    Days on Market: 20
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $1,353
Monthly Real Estate Taxes: $1,722
Total Taxes & Fees: $3,075 ($1.97/ft2)
Est. Monthly Mortgage: $16,333
Total Est. Monthly Carrying Cost: $19,408 ($12.42/ft2)
Note: the above is based on a down payment of 10% ($275,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Building: This property is located in the vibrant Chelsea neighborhood with immediate access to multiple subway lines. The full-service doorman building offers concierge and valet services, a fully-equipped gym, children’s playroom, and a beautifully landscaped 10,000-square-foot roof deck with panoramic city views.
  • Convenience and Accessibility: The building provides direct access to a public parking garage and four elevator banks for easy access and privacy. Additionally, there is a Whole Foods on the ground floor of the building.
  • Apartment Features: The spacious 2-bedroom, 2-bathroom apartment boasts functional built-ins, designer lighting, ample custom storage, oversized south-facing tilt-and-turn windows, a back lit custom marble bar, built-in speakers, long plank oak floors, nearly 11-foot ceilings, exposed brick columns, and gallery walls.
  • Kitchen and Laundry: The partially enclosed kitchen features cherry wood cabinetry, dark stone countertops, and new stainless steel appliances. The apartment also includes an in-unit LG stackable washer and dryer.
  • Bedrooms and Bathrooms: The primary bedroom includes a built-in desk, window seating, a California Closet, and an en-suite five-piece bathroom. The second bedroom features floor-to-ceiling custom cabinetry, recessed lighting, and a statement chandelier, with a second full bathroom located next to another California Closet.
  • Building History and Customization: The building was built in 1908 and has been meticulously maintained and updated. The apartment is move-in ready but can easily be customized to fit specific needs.

Description

Experience loft living at its finest in this meticulously designed apartment, featuring functional built-ins, designer lighting, and ample custom storage throughout. Sunlight floods the space through oversized, south-facing tilt-and-turn windows, ensuring a bright and airy atmosphere all day long. The apartment’s spaciousness and thoughtful layout are immediately evident, starting with a large foyer that includes a walk-in closet, perfect for organizing your seasonal essentials.

The partially enclosed kitchen, situated just off the entryway, features rich cherry wood cabinetry, dark stone countertops, and a suite of new stainless steel Kitchenaid appliances and a Bosch dishwasher.

A discreetly placed LG stackable washer and dryer enhance the space’s efficiency. The breakfast bar opens into the expansive living and dining area, creating an ideal setting for entertaining. Notable features include a back lit custom marble bar, built-in speakers, long plank oak floors, nearly 11-foot ceilings, exposed brick columns, and gallery walls perfect for showcasing art.

Zoned HVAC is seamlessly hidden behind custom built-ins throughout the home. The living room is wired for 3Dimensional speakers. There is an extra-large walk-in storage room with full height ceilings located on the same floor directly outside the front door of the unit that is deeded with the apartment.

The apartment’s two bedrooms are separated by a wide hallway lined with oversized closets.

The primary bedroom includes a built-in desk, window seating, a California Closet, and custom shutters. Its en-suite five-piece bathroom is finished with limestone tile, a walk-in shower, soaking tub, and double sinks. The second bedroom is equally well-appointed, featuring floor-to-ceiling custom cabinetry, recessed lighting, and a statement chandelier.

A second full bathroom is discreetly located at the end of the hall, next to another California Closet, adding to the home’s thoughtful design. With 1,563 square feet, this apartment is move-in ready, but can easily be customized to fit your specific needs.

Built in 1908, The Chelsea Mercantile is a full-service doorman building offering an array of amenities for modern urban living. Enjoy the convenience of having Whole Foods on the ground floor, a fully-equipped gym, valet services, a concierge, and a children’s playroom.

The building also features a beautifully landscaped 10,000-square-foot roof deck with panoramic views of the city, perfect for relaxation or entertaining. Additional perks include direct access to a public parking garage, a newly renovated lobby, and four elevator banks for easy access and privacy. Located at the vibrant crossroads of Downtown and Midtown, you’ll have immediate access to the 1, C, E, F, M, Q, and R subway lines, as well as the countless dining, shopping, and cultural destinations that define Chelsea living.

Please not there is an on going $272.17/mo capital reserve assessment and a roof and elevator project assessment of $910.84/mo which expires June 2025.

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Apartment Amenities

  • City View
Listing courtesy of Brown Harris Stevens Residential Sales LLC

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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