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The Chelsea Mercantile, 252 Seventh Avenue, #PHR

$3,995,000 ($1,937 per ft2) | 3 beds, 3 baths | Approx. 2,062 ft2
Building Profile  | 
430 days on Market

Key Details

  • Listed: Sep 11, 2023
    Last Price Change: ($1.996M) on Mar 1
    Days on Market: 430
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 767 times
Monthly Common Charges: $1,794
Monthly Real Estate Taxes: $4,202
Total Taxes & Fees: $5,996 ($2.91/ft2)
Est. Monthly Mortgage: $23,728
Total Est. Monthly Carrying Cost: $29,724 ($14.42/ft2)
Note: the above is based on a down payment of 10% ($399,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: The property is located in the iconic Chelsea Mercicantile building in the desirable Chelsea neighborhood, close to renowned restaurants, charming cafes, upscale bars, boutique shops, and iconic destinations like the High Line, Chelsea Market, and Madison Square Park. The building also has a Whole Foods Market on-site for added convenience.
  • Spacious and Luxurious Interiors: This spacious duplex penthouse offers approximately 2,062 square feet of living space, featuring 3 bedrooms and 3 bathrooms, high 11-foot beamed ceilings, oversized windows, a chef’s kitchen with custom cabinetry and premium stainless-steel appliances, and a luxurious primary suite with dual exposures, deep reach-in closets, and a five-fixture en-suite bathroom.
  • Outdoor Spaces: The property boasts a private rooftop terrace with an outdoor kitchen, flatscreen TV, and stunning views of the Freedom Tower and Downtown Manhattan skyline. The apartment also has a terrace with a city view.
  • Building Amenities: The building offers a range of amenities including 24-hour door attendants, concierge and valet services, on-site parking, a state-of-the-art fitness center, a children’s playroom, a sprawling rooftop deck, a full-service garage, resident storage, a live-in superintendent, a bike room, and outdoor entertainment space.
  • Convenience: The apartment is pre-wired for modern conveniences and includes an in-unit washer and dryer and a private storage unit. It also offers easy commuting with nearby subway lines.
  • Pet-Friendly and Historic: The building, built in 1906, has a rich history and character and welcomes pets.

Description

Welcome to this extraordinary duplex penthouse within the iconic Chelsea Mercantile, a pristine 3-bedroom, 3-bathroom designer condominium seamlessly uniting approximately 2,062 square feet of irresistibly warm and inviting interiors, with a spectacular rooftop terrace.


Enter the lower level into a gracious entry area complete with a convenient coat closet. The entry leads to an expansive great room with soaring 11-foot beamed ceilings and a sweeping wall of oversized windows. The chef’s kitchen showcases custom cabinetry and features a suite of premium stainless-steel appliances by Viking, Miele, and Sub-Zero.

Completing this level is a gracious bedroom outfitted with custom built-ins. A skylit staircase ascends to reveal a king-sized primary suite, and a versatile bedroom, which can function as either a private home office or separate bedroom.

The primary suite exudes opulence with dual exposures, a wall of deep reach-in closets, and a luxurious en-suite five-fixture bathroom with a double vanity, sophisticated fixtures, a walk-in shower, and a separate soaking tub.

The second bedroom offers a private en-suite bathroom and is complete with a built-in workstation and tasteful bookshelves, while affording direct access to the home’s fabulous private terrace. The rooftop terrace is a true urban paradise, ideal for hosting gatherings, sun lounging, and more. It features a flatscreen TV, breathtaking views of the Freedom Tower and Downtown Manhattan skyline, plus an outdoor kitchen equipped with a grill, wine cooler, and refrigerator.

This residence is further complemented by the convenience of an in-unit washer and dryer and a private storage unit.

The Chelsea Mercantile is a prestigious luxury condominium, elevating the art of living with 24-hour door attendants, concierge and valet services, on-site parking, an in-house Whole Foods market, a state-of-the-art fitness center, a children’s playroom, and a sprawling rooftop deck offering panoramic city views.

An array of renowned restaurants, charming cafes, upscale bars, and boutique shops are just moments away, while iconic destinations like the High Line, Chelsea Market, and Madison Square Park are within easy reach.

Commuting is effortless with nearby subway lines, including the 1/F/M/C/E. Pets are welcome. There is an ongoing assessment of $360.81/month for capital reserve contribution, and a special assessment of $1,207.45/month through June 2025.

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Apartment Amenities

  • City View
  • River View
Listing courtesy of Serhant

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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