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The Chelsea Mercantile, 252 Seventh Avenue, #7G

$2,595,000 ($1,585 per ft2) | 2 beds, 2 baths | Approx. 1,637 ft2
View Full Building Profile  | 
113 days on Market

Key Details

  • Listed: Jan 10, 2024
    Days on Market: 113
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 171 times
Monthly Common Charges: $1,352
Monthly Real Estate Taxes: $2,191
Total Taxes & Fees: $3,543 ($2.16/ft2)
Est. Monthly Mortgage: $16,202
Total Est. Monthly Carrying Cost: $19,745 ($12.06/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

  • Location: Situated in the heart of Chelsea at 252 Seventh Avenue, this condominium is conveniently located near Madison Square Park, Flatiron, the West Village, and public transportation, offering a vibrant city lifestyle.
  • Property Details: Listed for $2,595,000, this spacious 2-bedroom, 2-bathroom condominium spans approximately 1,637 ft2, featuring 11-foot beamed ceilings, custom lighting, large windows, and long strip hardwood flooring throughout.
  • Kitchen & Master Suite: The open kitchen boasts stainless steel appliances, ample storage and countertop space, and a large breakfast bar. The king size primary suite offers room for a home office or sitting area.
  • Bathroom & Utility: The apartment includes a spa-like bathroom with a separate soaking tub and glass-enclosed shower stall, and a utility closet equipped with a washer/dryer.
  • Building Amenities: The building offers a full-time doorman, concierge, onsite parking, landscaped roof deck, gym, playroom, valet and maid service, a fitness center with children’s playroom, a planted roof deck with city and river views, a garage, and a Whole Foods Market on the corner.
  • Additional Information: The monthly common charges and real estate taxes total $3,543. The building, built in 1906, houses 354 apartments across 21 floors. Two pets are allowed per apartment, subject to board approval.

Description

Discover the epitome of prime Chelsea living in this spacious and proportional two bedroom, 2 bathroom home at the coveted Chelsea Mercantile Condominium. Experience grandeur in the living and dining areas, adorned with soaring 11-foot beamed ceilings, custom lighting and four expansive windows that bathe the space in natural light for entertaining and relaxing. The open kitchen boasts a spacious layout with stainless steel appliances, a plethora of storage and countertop space, complemented by a large breakfast bar, ideal for casual dining and accommodating barstools.

The king size primary suite offers versatility, allowing plentiful room for a home office or intimate sitting area. Indulge in the spa-like bathroom featuring five fixtures, including a separate soaking tub and glass-enclosed shower stall. Functionality meets style with a massive utility closet housing a washer/dryer and serving as a substantial pantry conveniently adjacent to the kitchen.

Throughout the residence, long strip hardwood flooring adds a touch of elegance. The home comes with complimentary private storage.

The Chelsea Mercantile exudes prestige and luxury with its prewar history blended with modern sophistication and amenity package, starting with the grand renovated lobby.

Amenities include full-time doorman and concierge, onsite parking with direct elevator access (subject to third party availability and costs), landscaped roof deck, complimentary state-of-the-art gym and playroom. This idyllic location is anchored by the onsite Whole Foods with the best of Chelsea at your fingertips with easy access to Madison Square Park, Flatiron, the West Village and easy public transportation (1, C, E. F, M, Path Train and crosstown Select bus service).

Two pets allowed per apartment, subject to board approval. Pied-a-terres and investors welcome. Real estate taxes displayed may be reduced by 17.5% if purchasing as your primary residence (Consult your CPA).

Ongoing capital assessment of $271.77 monthly and special assessment of $909.48 monthly through June 2025. All measurements and square footages are approximate and all information should be confirmed by customer.

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Listing Agent (Seller's Representative)

Listing courtesy of Brown Harris Stevens Residential Sales LLC

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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