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The Chelsea Mercantile, 252 Seventh Avenue, #17G

$2,950,000 ($1,838 per ft2) | 2 beds, 2 baths | Approx. 1,605 ft2
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76 days on Market

Key Details

  • Listed: Feb 12, 2024
    Days on Market: 76
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $1,730
Monthly Real Estate Taxes: $2,525
Total Taxes & Fees: $4,255 ($2.65/ft2)
Est. Monthly Mortgage: $18,328
Total Est. Monthly Carrying Cost: $22,583 ($14.07/ft2)
Note: the above is based on a down payment of 10% ($295,000), which is the minimum amount permitted by the building.

Open house:

  • The afternoon of Sunday, Apr 28
By appointment only.

Insider Highlights

  • Exceptional Building Amenities: The building offers a 24-hour full-time doorman, a complete 10,000-square-foot roof deck, a concierge, a live-in resident manager, cold storage, a package room, a conference room, a new state of the art gym, playroom, parking with direct elevator access and a Whole Foods at the retail level. Additional features include an attended lobby, 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, and terraces/balconies.
  • Investment Opportunity: With reasonably low monthly common charges, this property presents an excellent investment opportunity. Plus, pets are welcome, adding to its appeal.
  • Prime Location: This spacious 'loft-like' home is located in the prestigious Chelsea Mercantile, one of Manhattan’s most sought-after Pre-War Condominiums. It offers breathtaking views of the Empire State Building and Hudson Yards, and is conveniently situated near all major neighborhoods and trains, minutes away from Madison Square Park, Hudson Yards, Chelsea Piers, The Highline, Midtown, and West Chelsea.
  • Luxurious Living Space: The property features a large living room perfect for entertaining, a well-appointed open kitchen with stainless steel appliances, granite countertops, and custom cabinetry, and two large pantry closets, one of which doubles as a laundry room with a full-size washer and dryer.
  • Versatile Bedrooms: The secondary bedroom is currently configured as a home office with professionally built-in desks and bookcases, while the primary suite features three enormous picture windows and a spacious spa-like bathroom with dual sinks, an oversized tub, and a separate glass walk-in shower enclosure.
  • Ample Storage: The home boasts a generous walk-in closet with custom built-ins and storage, providing ample space for all your belongings.

Description

Now available at the coveted Chelsea Mercantile, one of Manhattan’s most prestigious Pre-War Condominiums, Apartment 17G is a graciously proportioned "loft-like" home with soaring 11-foot ceilings, approx. The "G" line is superior to the "H" line with two extra windows - one in the living room and another in the primary bedroom. The open and bright northern exposure offers breathtaking views of the Empire State Building, Hudson Yards, and is flooded with light all day through 8 oversized picture windows.

This high-floor two-bedroom, two-bathroom home rarely comes on the market in the building.

Perfect for entertaining on a grand scale, the tremendous living room spans almost 28 feet in length, with enough room to accommodate a dining room table of just about any size. This home has over 1600 s/f of living space. Off the living room and dining area, you will find a well-appointed open kitchen with a large island providing additional storage and room for barstools. The kitchen features stainless steel appliances, granite countertops, custom cabinetry, and two large pantry closets; one also doubles as a laundry room with a full-size washer and dryer.

Off the proper foyer is a secondary full bathroom dedicated to the secondary bedroom, which is currently configured as a home office with professionally built-in desks and bookcases, as well as a built-in Murphy bed.

The primary suite is sun-flooded with three enormous picture windows that balance out the room. The spacious spa-like bathroom is limestone-clad and features dual sinks, an oversized tub, and a separate glass walk-in shower enclosure. There is a very generous walk-in closet outfitted with custom built-ins and storage throughout.

In the heart of Chelsea, the Chelsea Mercantile condominium has a 24-hour full-time doorman, a complete 10,000-square-foot roof deck, a concierge, a live-in resident manager, cold storage, a package room, a conference room, a new state of the art gym, playroom, parking with direct elevator access and a Whole Foods at the retail level.

This convenient downtown location is near all major neighborhoods and trains, minutes away from Madison Square Park, Hudson Yards, Chelsea Piers, The Highline, Midtown, and West Chelsea. Pets are welcome.

Reasonably low monthly common charges make this one of the most sought-after full-service condominiums and an excellent investment opportunity.

There is an assessment of $1001 per month through June 2025. It is for upgrading the roof deck amenity space and 9 elevators.

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Apartment Amenities

  • Northern Exposures

Listing Agent (Seller's Representative)

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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