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The Chelsea Mercantile, 252 Seventh Avenue, #9X

$5,700,000 ($1,464 per ft2) -10.2% | 4 beds, 4 baths | Approx. 3,894 ft2
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93 days on Market

Key Details

  • Listed: Feb 14, 2024
    Last Price Change: -10.2% ($650,000) on Mar 12
    Days on Market: 93
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: FT Doorman
    Listing viewed 150 times
Monthly Common Charges: $3,736
Monthly Real Estate Taxes: $4,580
Total Taxes & Fees: $8,316 ($2.14/ft2)
Est. Monthly Mortgage: $34,752
Total Est. Monthly Carrying Cost: $43,068 ($11.06/ft2)
Note: the above is based on a down payment of 10% ($570,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Space and Design: This pre-war luxury loft offers nearly 4,000 square feet of living space, including 4 bedrooms, 4 baths, and a home office. It features expansive, sun-drenched living spaces, a great room measuring over 53 feet long with incredible southern sun and views, and 11-foot ceilings.
  • Kitchen and Bathrooms: The large eat-in kitchen is equipped with high-end appliances and ample storage. The master bathrooms feature limestone walls and floors, deep soaking tubs, and separate stall showers.
  • Location: Situated in the vibrant Chelsea neighborhood, this property is conveniently located near Madison Square Park, Flatiron, and surrounded by top restaurants, shops, and attractions. It also offers good public transportation and is close to the subway.
  • Building Amenities: The full-service white-glove condominium offers a 24-hour doorman, concierge, resident manager, valet and laundry services, parking with direct elevator access, a state-of-the-art gym, a children’s playroom, and a 10,000 square foot landscaped and furnished roof deck. Additional amenities include a fitness center, an expansive planted roof deck with beautiful city and river views, and a garage.
  • Additional Features: The property includes two large storage rooms, abundant closet and storage space, and state-of-the-art wiring. The building, built in 1906, houses 354 apartments across 21 floors, all featuring gourmet kitchens.
  • Retail Space: The building's retail space is occupied by Fresh Fields Whole Foods Market, providing residents with easy access to fresh groceries.

Description

Apartment 9X at the Chelsea Mercantile presents an unparalleled opportunity to own nearly 4,000 square feet of living space in one of the finest pre-war luxury loft buildings downtown. This remarkable 4 bedroom, 4 bath residence with a home office delivers an expansive and sun-drenched haven in the heart of vibrant Chelsea. The introduction to this lavish home begins with a gracious foyer flanked by a wall of custom-built closets and a full guest bath.

The foyer flows into an impressive gallery for any size art collection. The gallery delineates the living space from the bedroom wing. Stretching along the south end of the loft you have the great room measuring over 53 feet long and boasting incredible southern sun and views of the historic neighborhood including a postcard-worthy shot of the famous Chelsea Hotel.

A wall of contemporary sliding doors conveniently closes off one section of the great room creating a lovely and comfortable media room. The balance of this enormous open living space creates the perfect combined living and dining rooms large enough to accommodate grand-scale entertaining. A large bedroom, currently configured as a home office, is situated behind the great room featuring incredible open views to the west and an enormous walk-in closet.

An additional home office is cleverly hidden with a chic sliding door in the center of the gallery. The substantial eat-in kitchen rivals anything you might find in a large suburban home. The kitchen is outfitted with a stretch of stainless-steel cabinetry covered in black Caesarstone counters. The custom cabinetry creates volumes of storage space only topped by the three large custom-built closets bookending the kitchen.

The appliances include a six burner Viking range with a dual oven, a vented hood, and a SubZero fridge. The eat-in feature of this kitchen includes a dining table easily accommodating 10 and if that wasn’t enough a separate informal media room flows naturally off the kitchen. A full bath, which doubles as the laundry room in the current configuration, sits conveniently in this section of the loft as well. The bedroom wing is at the opposite end of the gallery featuring three generously proportioned suites.

The primary bedroom is enormous and features oversized windows with quiet and sunny northern exposures. The spa-like primary bath includes a double vanity, a rain shower, and deep soaking tub. There is not only a custom-built walk-in closet but a full dressing room with all the bells and whistles necessary to accommodate the largest of wardrobes. The second and third bedrooms are also generously proportioned with beautiful northern exposures, large custom closets, and a shared full bath. Other features of this dramatic residence include 11-foot ceilings, 20 oversized windows offering light and views in every room, pristine solid oak floors, AC throughout, abundant closet and storage space all outfitted to maximize storage, and custom-built cabinetry throughout.

The apartment transfers with two large storage rooms, one on the floor and one in the basement. The Chelsea Mercantile at 252 Seventh Avenue is a full-service white-glove Condominium featuring stunning new lobby and impeccable financials boasting some of the lowest carrying charges of any luxury Manhattan building with Whole Foods at the base of the condo. Residents enjoy the best services including a 24-hour doorman, concierge, a resident manager, valet and laundry services, parking with direct elevator access, a state-of-the-art gym, a children’s playroom, and a splendid 10,000 square foot landscaped and furnished roof deck with unparalleled views of the city. The location of the building is simply the best in the heart of it all including Chelsea, Madison Square Park, Flatiron and surrounded by the best restaurants, shops and attractions including Eataly, the West Chelsea Gallery District, Hudson Yards, the Highline, Hudson River Park, and the Chelsea Piers

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Apartment Amenities

  • Garden
Listing courtesy of Compass

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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