$4,875,000
SOLD FEB 3, 2023
3 Beds
3 Baths
2,386 Sq Ft
$1,536/mo HOA Fee

Recently Sold

$2,043 Per Sq Ft

106 Days on Market

Highlights

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

About This Home

As of February 2023

This modern, high floor 3 bedroom plus home office is the building's largest offering in this category. It is about function, usability and of course, beauty. The floor-thru configuration spans the entire depth of the building so there are windows facing south, west and north. There is also a window in the Home-Office as well as the master bathroom. The X- line is arguably the most prewar configuration of all units in the Chelsea Mercantile. The very grand foyer opens to a library/den/office which is revealed by floor-to-ceiling pocket doors in rift grey oak. There is a distinct separation of both private and communal spaces. The living/ dinning areas are located on the south/west corner of the building and the bedrooms are to the north/west. There is a thoughtfulness and formality to this space which is also undeniably modern. Think upper east side gem transplanted to a modern, prewar condominium with 11 foot ceilings and oversized widows through which brilliant light and views of the Iconic Chelsea Hotel can be enjoyed. The renovation of this loft was completed in 2018 and includes a complete redesign of the master bathroom which has a large window above a free standing tub. The shower was enlarged to twice its original size and large scale tiles were chosen to enhance the volume of the room. Fixtures are by Vola and Robern. The third guest bathroom which currently functions as an elegant powder room is clad in stone panels and showcases a freestanding pedestal stone sink and custom millwork. The combination of these materials is both luxurious and well thought out. The crisp all-white glass kitchen is both minimal and dramatic. The cabinets are double hung so there is an abundance of storage options. There is also a large walk-in pantry with floor- to - ceiling storage and wine cooler. Appliances are by Subzero, Miele and Viking. There are many closets throughout including a large walk-in closet in the primary bedroom. This apartment also comes with private storage located within the building.

Last Agent to Sell the Property

Fionn Campbell

Campbell Fionn S License #35CA0945045 Listed on: 10/19/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $39,384

Year Built

  • Built in 1908

HOA Fees

  • $1,536 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,386 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

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

Listing and Financial Details

  • Tax Block 00774

Property Details

Home Type

Condominium

Est. Annual Taxes

$39,384

Year Built

Built in 1908

Lot Details

0

HOA Fees

$1,536 per month

Listing Details

  • Cross Street: WEST 24 STREET and WEST 25 STREET
  • Exposures: 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

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2386.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1536.0
  • 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: 00774
  • Tax Annual: 39384.0

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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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: RLS10824275

Real Estate Board of New York (REBNY)

APN: 0774-1209