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A blog from CityRealty (Links below will take you to the 6sqft site)

The Chelsea Mercantile, 252 Seventh Avenue

Between West 24th Street & West 25th Street

Key Details

  • Year Built 1906
    Building Type Condominium
    Neighborhood Chelsea
  • Total Apartments 354
    Total Floors 21
    Doorman FT Doorman
    Pets Allowed
Avg. Price / ft2
$72
Avg. Price / ft2
Avg. Price / ft2

Description

With 354 condominium apartments, the Chelsea Mercantile is one of the largest residential conversions in Chelsea. 

Apartments range from studios to four-bedroom lofts and vary in size from 856 to 3,069 square feet. Many units have exposed brick walls with nine-foot beamed ceilings and walk-in closets. Some penthouses have ceilings that rise between 11 and 13 feet as well as fireplaces, skylights and terraces. All apartments have state-of-the-art wiring and gourmet kitchens with stainless-steel appliances, black granite countertops, cherry wood cabinets and built-in garbage disposals. Master bathrooms have limestone walls and floors, deep soaking tubs and separate stall showers.

Amenities at the Chelsea Mercantile include a 24-hour doorman and concierge, valet and maid service, a fitness center with children’s playroom, an expansive planted roof deck with beautiful city and river views, a garage and a Whole Foods Market on the corner.

Located between West 24th and 25th Streets, 252 Seventh Avenue is in the heart of Chelsea. There is very good public transportation in the area and it is convenient to the Flatiron District to the east and Greenwich Village to the south.

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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

Apartments for Sale at 252 Seventh Avenue (8)

8
Available Apts
$1.4M - $5.3M
Price Range
$1,752
Avg. Price / ft2
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Apartments for Rent at 252 Seventh Avenue (12)

12
Available Apts
$5,000
Prices Start At
$72
Avg. Price / ft2
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Rating

26
Out of 44

Architecture Rating: 26 / 44

+
25
Out of 36

Location Rating: 25 / 36

+
22
Out of 39

Features Rating: 22 / 39

+
8
=
81

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #20 Rated condo - Chelsea
 
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Carter Horsley's Review

Carter Horsley's Building Review
"With 354 condominium apartments, The Chelsea Mercantile at 252 Seventh Avenue is one of the largest residential conversions of a commercial property in Chelsea.

The conversion in 2000 of the handsome, 21-story, 1906 building was designed by the firm of Avinash K. Malhotra and Gruzen Samton, one of the city's leading architectural firms, for Rockrose Development, one of the city's leading residential builders and converts." Read Carter's Full Review
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

Broker & Buyer Comments

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More Neighborhood Info

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
 
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,792
Avg. Price / ft2
Based on 6 Sales
 

Closing History - Last 10 sales

10
Units Sold
$1.4M - $3.2M
Price Range
$1,739
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 513 Available for Sale
  • $2,087 Avg. Price / Ft2
  • $3,594,789 Avg. Price
  • $2,200,000 Median Price
  1. Most Expensive 520 West 28th Street Apt PH3739 | $38,925,000
    Price / ft2 $3,500
  2. Least Expensive 408 West 25th street Apt 3RW | $399,000
Not enough data available to generate chart.
  • 437 Available for Rent
  • $77 Avg. Price / Ft2
  • $7,879 Avg. Price
  • $5,300 Median Price
  1. Most Expensive Walker Tower Apt PH2 | $85,000
    Price / ft2 $151
  2. Least Expensive 402 West 22nd Street Apt 2F | $1,750
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 294 Total Sales
  • $1,525 Avg. Price / Ft2
  • $2,109,748 Avg. Price
  • $1,738,500 Median Price
  1. Most Expensive 459 West 18th Street Apt PH2 | $7,900,000
    Price / ft2 $2,292
  2. Least Expensive 408 West 25th street Apt 4RE | $265,000

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