Key Details

Listed: Jun 20, 2023

Last Price Change: -3.7% ($100,000) on Apr 16

Days on Market: 318

Building Type: Condominium

Neighborhood: Chelsea (Manhattan)

Doorman: FT Doorman

Listing viewed 148 times

Monthly Common Charges: $1,821

Monthly Real Estate Taxes: $2,343

Total Taxes & Fees: $4,164 ($2.55/ft²)

Est. Monthly Mortgage: $16,202

Total Est. Monthly Carrying Cost: $20,366 ($12.49/ft²)

Note: the above is based on a down payment of 10% ($259,500), which is the minimum amount permitted by the building.

Insider Highlights

High-End Interiors: The apartment features a loft size living room with oversized north facing windows, high ceilings, hardwood floors, and state-of-the-art wiring. The island kitchen is equipped with stainless steel appliances and granite counters, and the master bathrooms boast limestone walls and floors, deep soaking tubs and separate stall showers.
Comfort and Convenience: The unit comes with an in-unit washer and dryer, a large primary bedroom with a walk-in closet and en-suite bath, and a separate storage cage. The building also offers a full-time doorman and concierge service for added convenience.
Building Amenities: The full service building provides a range of amenities including a fitness center, garage, playroom, roof deck, attended lobby, resident storage, full service garage, health club, rooftop terrace, elevator, children's playroom, fitness center, on-site parking, outdoor entertainment space, bike room, and a live-in superintendent.
Nearby Amenities: The building is home to a Fresh Fields Whole Foods Market and is close to other amenities. It's also near Madison Square Park, The Highline, Hudson River Parks, and Chelsea Piers, providing plenty of options for outdoor activities.
Modern Gourmet Kitchens: The apartments in this building feature gourmet kitchens with stainless steel appliances and granite counters, perfect for those who love to cook.
Prime Location: This spacious 2 bedroom, 2 bath apartment is located in the highly desirable Chelsea neighborhood, close to Madison Square Park, The Highline, Hudson River Parks, and Chelsea Piers. It's also conveniently near public transportation and subway.

Description

The famed Chelsea Mercantile. Enormous rooms and open views make this 2 bedroom 2 bath apartment a rare opportunity.

The loft size living room measures 30’x19’ and has oversized north facing windows, an island kitchen with stainless steel appliances, granite counters, and washer/dryer. The enormous primary bedroom has a large walk-in closet and en-suite bath, with separate soaking tub and stall shower, and dual sinks. Hardwood floors and 10’ ceiling heights. Separate storage cage included.

The Chelsea Mercantile Condominium is a full service building with fitness center, garage, playroom, roof deck, and Whole Foods on-site.

This location nestled between centrally positioned Madison Square Park and Hudson Yards/West Chelsea is rich in amenities, with a Whole Foods Market at your doorstep, and Eataly, Chelsea Market, and Trader Joe’s, to name a few, close by. Additional nearby attractions include The Highline and Hudson River Parks, Chelsea Piers, The West Chelsea Arts District with over 400 of the world’s leading contemporary galleries, and Madison Square Park just two blocks away. The brand-new Moynihan Station and Fashion Institute of Technology are also a few blocks away.

There is an assessment of $1020 per month from July 2023 thru June 2025. It is for upgrading the roof deck amenity space and 9 elevators.

About The Chelsea Mercantile, 252 Seventh Avenue

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

Out of 44

Out of 36

Out of 39

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

Condo
Built in 1906
354 Apartments
21 Floors

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

About this Building

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

Map View | Street View

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