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The Chelsea Mercantile, 252 Seventh Avenue, #PHG

$4,000,000 ($2,099 per ft2) | 3 beds, 3 baths | Approx. 1,906 ft2
Building Profile  | 
309 days on Market

Key Details

  • Listed: Jan 10, 2024
    Last Price Change: ($500,000) on Sep 3
    Days on Market: 309
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 919 times
Monthly Common Charges: $1,950
Monthly Real Estate Taxes: $4,763
Total Taxes & Fees: $6,713 ($3.52/ft2)
Est. Monthly Mortgage: $23,758
Total Est. Monthly Carrying Cost: $30,471 ($15.99/ft2)
Note: the above is based on a down payment of 10% ($400,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Luxurious Living Space: The apartment features an open floor plan with grand entertaining spaces, a renovated open kitchen with high-end appliances, and a large terrace with unobstructed Manhattan views. Many apartments in the building also have exposed brick walls and high ceilings.
  • Comfortable Bedrooms: The duplex has three bedrooms, two of which are large bedrooms on the upper level, both with ensuite bathrooms. The master bathrooms have limestone walls and floors, deep soaking tubs and separate stall showers.
  • Smart and Modern Features: The apartment is equipped with smart features for HVAC, sound system, and AV, and has state-of-the-art wiring. It also comes with a private storage room and an in-unit washer/dryer.
  • Building Amenities: The building offers a range of amenities including a 24-hour doorman and concierge, gym, children’s playroom, housekeeping and dry cleaning services, and parking. There is also a fitness center with children’s playroom, an expansive planted roof deck with city and river views, a garage, a bike room and outdoor entertainment space.
  • Additional Services: The building has a live-in superintendent and offers valet and maid service. The penthouses in the building have skylights, terraces, and fireplaces.
  • Prime Location: This penthouse duplex is located in the heart of the desirable Chelsea neighborhood, with close proximity to Flatiron, Madison Square Park, Nomad, the High Line and the Meatpacking District. The building also has a Whole Foods Market in the retail space and is well-served by public transportation.

Description

Welcome to Penthouse G at the Chelsea Mercantile, a dramatic 3 bedroom, 3 bathroom duplex with open northern and southern views of the Manhattan skyline and a huge terrace directly off of the main living space. This trophy home is a seamless blend of over 2500 interior and exterior square feet perched high above one of Chelsea’s preeminent full-service condominiums. Upon entering the home you are greeted by a voluminous open floor plan of grand entertaining spaces and outdoor living. The living room is 30’ wide with four oversized windows offering views of the Empire State Building, Hudson Yards and the northern skyline.

The renovated open kitchen is fully vented which features custom millwork and cabinetry, a large island with seating for four, high end appliances including a wolf range and speed oven, Viking refrigerator, and Miele dishwasher. The main terrace is over 42’ wide and offers unobstructed Manhattan views. The space has been customized and professionally landscaped to be an outdoor sanctuary away from the city as well as an amazing venue for entertaining. There are mature trees with irrigation, built in electric space heaters, a custom outdoor kitchen by Kalamazoo with refrigeration, cabinetry and plumbed gas grill. The upper level of PH-G has two large bedrooms; both of which are large enough to be the primary suite.

The northern suite is 16’X 15’ has its own private terrace and a spacious ensuite bathroom with a large stall shower, skylight, and radiant heated floors. The south facing bedroom has an ensuite bathroom with a skylight, heated floors and stall shower. Generous in size at nearly 15’X15’, the second bedroom has open views to the south through three large tilt and turn windows overlooking the iconic skyline, New York Harbor and the Statue of Liberty.

The home’s third bedroom rounds out the downstairs portion of the home. Additional features of PH-G include a private storage room, in-unit washer/dryer and smart features by Control 4 for HVAC, sound system, and AV. The Chelsea Mercantile is one of the neighborhood’s most desirable pre-war condos. Building amenities include a 24-hour doorman and concierge, new lobby renovations, a 10,000-square-foot roof deck with unparalleled views of the city, a fully equipped gym, a children’s playroom, housekeeping and dry cleaning services, parking located on the lower level and a Whole Foods Market in the retail space of the building. The building is superbly run and financially sound with extremely low common charges and real estate taxes.

Well situated in the heart of Chelsea, this address is also moments away from Flatiron, Madison Square Park, Nomad, the High Line and the Meatpacking District. Taxes reflect Co-op / Condo Primary Residence Abatement. Special Assessment:$1,171.60 (ending June 2025)

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Apartment Amenities

  • Garden
Listing courtesy of Compass

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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