The Chelsea Mercantile 252 7th Ave Unit 3F New York, NY 10001
Chelsea Neighborhood
2
Beds
2
Baths
1,531
Sq Ft
$999/mo
HOA Fee
Highlights
- Rooftop Deck
- 2-minute walk to 23 Street (1,2 Line)
- New Windows
- P.S. 11 Sarah J. Garnet School Rated A
- Pre War Building
- 3-minute walk to Penn South Playground
About This Home
As of August 2021Chelsea chic is beautifully embodied in this large scale 2 bedroom, 2 bath loft apartment with northern exposure offering soaring 14 foot ceiling heights. The unique third floor at the Chelsea Mercantile is a rare offering with its signature 14' ceilings and oversized windows creating an extraordinary and dramatic residence. A fabulous living room withvoluminous ceilings and accompanying wall space for art, a separate dining area next to a sleekstainless steel and marble chef's kitchenaffording stylish + comfortableliving + entertaining at its best. A primary bedroom with ensuite bath, generous closet space plus a walk-in closet, oversized windows with CitiQuiet throughout both bedrooms, hardwood floors, plus an in-home washer/dryer.
With Whole Foods on the ground floor, a public parking garage accessible from the lobby, a deeded storage space and subways + buses minutes away and curbside car + taxi service, life at The Chelsea Mercantile couldn't get more convenient. The address is in the middle of the neighborhood's art galleries, restaurants, shops, Chelsea Piers, the High Line and so close to the newly developed Little Island. Built in 1908, this distinguished prewar building also offers residents a live-in resident manager, 24-hour doorman, full-time concierge, valet service, a well-equipped gym, children's playroom, conference room, basement storage, supplemental laundry room and a 10,000-square-foot landscaped roof deck with breathtaking 360 degree views.
Please note, there is an ongoing Capital Assessment of $237.07 to fund capital projects and a Facade Capital Assessment of $339.33 through February 2022.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $25,452
Year Built
- Built in 1907
HOA Fees
- $999 Monthly HOA Fees
Parking
- Garage
Home Design
- Pre War Building
Interior Spaces
- 1,531 Sq Ft Home
- Wood Burning Fireplace
- New Windows
- Entrance Foyer
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- North Facing Home
- Central Air
Listing and Financial Details
- Legal Lot and Block 7501 / 774
Community Details
Overview
- Chelsea Subdivision
- 19-Story Property
Amenities
- Rooftop Deck
- Community Garden
- Courtyard
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2021
Closed on
Aug 17, 2021
Sold by
Hutcheon As Successor Trustee Francisc and The Stephen D Hutcheon Revocable Trust
Bought by
Wachtel Maxwell J
Seller's Agent
Matt Holbein
Compass
List Price
$2,400,000
Sold Price
$2,400,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,753
Avg. Annual Appreciation
-0.64%
Purchase Details
Closed on
Mar 6, 2013
Sold by
Stephen D Hutcheon Revocable Trust
Bought by
Stephen D Hutcheon Revocable Trust and Stephen D Hutcheon Trustee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 4, 2004
Sold by
Hutcheon Stephen D and Minnihan Sean P
Bought by
Hutcheon Stephen D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$931,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Similar Homes in New York, NY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,400,000 | -- | |
| Deed | $2,400,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $1,311,750 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $496,014 | Unknown | |
| Previous Owner | $400,000 | No Value Available | |
| Previous Owner | $702,000 | Purchase Money Mortgage | |
| Previous Owner | $931,000 | Purchase Money Mortgage | |
| Previous Owner | $0 | Purchase Money Mortgage | |
| Previous Owner | $92,000 | Credit Line Revolving | |
| Previous Owner | $736,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2021 08/20/21 | Sold | $2,400,000 | 0.0% | $1,568 / Sq Ft |
| 06/23/2021 06/23/21 | Pending | -- | -- | -- |
| 05/30/2021 05/30/21 | For Sale | $2,400,000 | 0.0% | $1,568 / Sq Ft |
| 02/14/2012 02/14/12 | Rented | -- | -- | -- |
| 01/15/2012 01/15/12 | Under Contract | -- | -- | -- |
| 01/05/2012 01/05/12 | For Rent | $7,950 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $24,777 | $200,829 | $12,151 | $188,678 |
| 2024 | $24,777 | $198,185 | $12,151 | $186,034 |
| 2023 | $19,579 | $193,460 | $12,151 | $181,309 |
| 2022 | $20,997 | $214,514 | $12,151 | $202,363 |
| 2021 | $24,903 | $208,295 | $12,151 | $196,144 |
| 2020 | $26,654 | $233,122 | $12,151 | $220,971 |
| 2019 | $24,969 | $228,824 | $12,151 | $216,673 |
| 2018 | $23,341 | $230,537 | $12,151 | $218,386 |
| 2017 | $20,984 | $189,502 | $12,151 | $177,351 |
| 2016 | $19,721 | $189,032 | $12,150 | $176,882 |
| 2015 | $9,128 | $177,539 | $12,150 | $165,389 |
| 2014 | $9,128 | $166,939 | $12,151 | $154,788 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2021
Matt Holbein
Compass
(646) 246-8055
1 in this area
15 Total Sales
-
K
Seller Co-Listing Agent in 2021
Katherine Camp
Compass
1 in this area
15 Total Sales
About The Chelsea Mercantile
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10722334
APN: 0774-1011
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