$4,350,000
SOLD JUL 15, 2016
4 Beds
3 Baths
2,386 Sq Ft
$1,577/mo HOA Fee

Recently Sold

$1,823 Per Sq Ft

19% Below List Price

70 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to 23 Street (1,2 Line)
  • Laundry Facilities
  • P.S. 11 Sarah J. Garnet School Rated A
  • Garage
  • 3-minute walk to Penn South Playground

About This Home

As of February 2023

One of the most sought-after addresses, the Chelsea Mercantile boasts the best of pre-war luxury living in the Flatiron/Chelsea area. This remarkable four bedroom home delivers a warm sundrenched haven above the bustle of the thriving neighborhood.Apartment 10X greets you with an expansive entry gallery with two double wide custom closets, a coat closet, full guest bathroom, and soaring ceilings. The loft-like ceilings throughout the apartment continue into the great room offering an open floorplan making entertaining large parties, or intimate gatherings, a breeze. The enormous living area offers south and west exposures flooding the apartment with warm natural light throughout the day and offering expansive views of classic Chelsea architecture and downtown. The grand space provides plenty of room for an eight or more seat dining room table, plus room for abundant living room furniture while still feeling intimate and comfortable. The open, alcove kitchen flows harmoniously for any chef featuring a Subzero refrigerator, Frigidaire Gallery range and oven, Whirlpool dishwasher, white marble counters, Canac cabinets and a bar counter to enjoy your morning coffee or tea. Separate from the entertaining space are four generously-sized bedrooms. The magnificent master suite serves as the perfect place to rest your head with west and north exposures, and a tranquil en-suite bathroom complete with Kohler fixtures, a double sink vanity, deep soaking tub and separate stand-up shower. The other two bedrooms also receive rich natural light through north facing windows and share the third full bathroom also comprised of Kohler fixtures.Enjoy splendid amenities such as a full-time doorman, concierge, valet service that will provide maid service and dry cleaning, fitness center, children's playroom, and a 10,000 square foot landscaped roof deck with majestic views of downtown. This incredible home is advantageously positioned above Whole Foods on 7th Ave, connected to a public parking garage that is accessible from the lobby, surrounded by tons of public transportation and restaurants, and is just a 10 min stroll to the West Chelsea Galleries and Chelsea Piers.

Last Agent to Sell the Property

Holly Parker

Compass License #30PA0869832 Listed on: 03/09/2016

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,256

Year Built

  • Built in 1908

HOA Fees

  • $1,577 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,386 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling

Community Details

Overview

  • 352 Units
  • Chelsea Mercantile Condos
  • Chelsea Subdivision
  • 19-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,256

Year Built

Built in 1908

Lot Details

0

HOA Fees

$1,577 per month

Listing Details

  • Cross Street: West 24th & 25th Streets
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: CHELSEA
  • Architectural Style: Prewar
  • Entry Level: 10
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Living Area: 2386.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1577.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: Chelsea Mercantile
  • Units: 352
  • Total Stories: 19
  • Year Built: 1908

Tax Info

  • Tax Block: 0
  • Tax Annual: 29256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Feb 3, 2023
Sold by
Torchia Charlene and Torchia David
Bought by
252 Seventh Avenue 10X Llc
Seller's Agent
Fionn Campbell
Campbell Fionn S
List Price
$4,875,000
Sold Price
$4,875,000
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.65%
Original Mortgage
$2,925,000
Outstanding Balance
$2,839,122
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,273,952

Purchase Details

Listed on
Mar 9, 2016
Closed on
Jul 19, 2016
Sold by
Estate Of Susan J Toepfer
Bought by
Torchia Charlene and Torchia David
Seller's Agent
Holly Parker
Compass
List Price
$5,400,000
Sold Price
$4,350,000
Premium/Discount to List
-$1,050,000
-19.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Original Mortgage
$1,740,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2005
Sold by
Ahmad-Llewellyn Shahara and Ahmad-Llewellyn Bruce Llewellyn
Bought by
Toepfer Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,885,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $4,875,000 --
Deed $4,350,000 --
Deed $2,900,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,925,000 Purchase Money Mortgage
Previous Owner $1,740,000 Purchase Money Mortgage
Previous Owner $1,885,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Pending -- -- --
07/30/2025 07/30/25 Off Market $4,595,000 -- --
07/23/2025 07/23/25 Pending -- -- --
07/23/2025 07/23/25 Off Market $4,595,000 -- --
07/16/2025 07/16/25 Pending -- -- --
07/16/2025 07/16/25 Off Market $4,595,000 -- --
07/09/2025 07/09/25 Pending -- -- --
07/09/2025 07/09/25 Off Market $4,595,000 -- --
07/02/2025 07/02/25 Pending -- -- --
07/02/2025 07/02/25 Off Market $4,595,000 -- --
06/29/2025 06/29/25 Pending -- -- --
06/22/2025 06/22/25 For Sale $4,595,000 0.0% $1,926 / Sq Ft
06/22/2025 06/22/25 Off Market $4,595,000 -- --
06/01/2025 06/01/25 Price Changed $4,595,000 -2.1% $1,926 / Sq Ft
04/30/2025 04/30/25 Price Changed $4,695,000 -1.2% $1,968 / Sq Ft
03/20/2025 03/20/25 Price Changed $4,750,000 -2.1% $1,991 / Sq Ft
02/25/2025 02/25/25 Price Changed $4,850,000 -2.9% $2,033 / Sq Ft
01/14/2025 01/14/25 Price Changed $4,995,000 -4.9% $2,093 / Sq Ft
01/08/2025 01/08/25 For Sale $5,250,000 0.0% $2,200 / Sq Ft
01/08/2025 01/08/25 Off Market $5,250,000 -- --
01/01/2025 01/01/25 For Sale $5,250,000 0.0% $2,200 / Sq Ft
01/01/2025 01/01/25 Off Market $5,250,000 -- --
12/18/2024 12/18/24 For Sale $5,250,000 0.0% $2,200 / Sq Ft
12/16/2024 12/16/24 Off Market $5,250,000 -- --
07/15/2024 07/15/24 For Sale $5,250,000 0.0% $2,200 / Sq Ft
06/28/2023 06/28/23 Rented $19,500 0.0% --
03/12/2023 03/12/23 Off Market $4,875,000 -- --
02/16/2023 02/16/23 For Rent $19,500 0.0% --
02/03/2023 02/03/23 Sold $4,875,000 0.0% $2,043 / Sq Ft
10/19/2022 10/19/22 For Sale $4,875,000 +12.1% $2,043 / Sq Ft
07/15/2016 07/15/16 Sold $4,350,000 -19.4% $1,823 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $5,400,000 -- $2,263 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,533 $385,272 $23,310 $361,962
2024 $47,533 $380,202 $23,310 $356,892
2023 $45,527 $371,136 $23,310 $347,826
2022 $40,280 $411,526 $23,310 $388,216
2021 $47,775 $399,596 $23,310 $376,286
2020 $42,286 $447,224 $23,310 $423,914
2019 $39,829 $438,980 $23,310 $415,670
2016 $37,833 $362,643 $23,310 $339,333
2015 $11,675 $340,595 $23,310 $317,285
2014 $11,675 $320,258 $23,310 $296,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10035820

Real Estate Board of New York (REBNY)

APN: 0774-1209