The Chelsea Mercantile 252 7th Ave Unit 5B New York, NY 10001
Chelsea Neighborhood
1
Bed
1
Bath
1,162
Sq Ft
$829/mo
HOA Fee
Highlights
- Pre War Building
- 2-minute walk to 23 Street (1,2 Line)
- Laundry Facilities
- P.S. 11 Sarah J. Garnet School Rated A
- Cooling System Mounted In Outer Wall Opening
- 3-minute walk to Penn South Playground
About This Home
As of July 2018A rarely available true loft in the highly sought after Chelsea Mercantile. The expansive one bedroom floor plan is ideal for entertaining and comfortable living. When you enter this loft space you are greeted by a formal entry foyer which leads you to a massive corner living room and dining room which measures nearly 20 by 25 feet in size. The grand proportions of the loft space are accentuated by the nearly 11 foot ceilings and huge tilt and turn windows. There are peaceful and serene yet sunny exposures into the wide and planted courtyard of the building which features a garden statuary. The large master suite is positioned completely separate from the living space in the loft and boasts a huge walk-in closet. The master bath is in perfect condition with pristine stone finishes and high-end fixtures and fittings. The bath is also conveniently accessed from both the living space of the loft and the bedroom which is also perfect for guests. The open kitchen is in perfect condition with an abundance of cabinet and counter space adorned with chic black granite and stainless steel appliances. There is an island large enough to host a small dinner party. 252 Seventh Avenue, the Chelsea Mercantile, is located in the heart of Chelsea and steps away from Flatiron, Nomad, the High Line, Madison Square Park and the Meatpacking District. It is a truly white glove condominium with stellar financials and boasting some of the lowest carrying charges of any full service Manhattan condo. Building amenities include a 24-hour doorman and concierge, live in super, a 10,000-square-foot roof deck with unparalleled views of the city, a fully equipped gym, a playroom, valet services, parking located on the lower level, and a Whole Foods Market in the retail space of the building. The building lobby is currently being completely renovated and updated.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,120
Year Built
- Built in 1908
HOA Fees
- $829 Monthly HOA Fees
Home Design
- 1,162 Sq Ft Home
- Pre War Building
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Cooling System Mounted In Outer Wall Opening
Listing and Financial Details
- Tax Block 774
Community Details
Overview
- 352 Units
- Chelsea Mercantile Condos
- Chelsea/Hudson Yards Subdivision
- 19-Story Property
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 3, 2025
Sold by
Mandy Li 2006 Trust Dated /2006 and Mandy Li As Trustee
Bought by
Park Sang Ho
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,061,000
Outstanding Balance
$1,059,171
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$570,724
Purchase Details
Listed on
Mar 13, 2018
Closed on
Jul 13, 2018
Sold by
Estate Of Mitchell S Dorfman and Gary Dorfman As Executor
Bought by
Mandy Li As Trustee and The Mandy Li 2006 Trust
Seller's Agent
Michael Franco
Compass
List Price
$1,795,000
Sold Price
$1,800,000
Premium/Discount to List
$5,000
0.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.40%
Original Mortgage
$1,200,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in New York, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,675,000 | -- | |
| Deed | $1,800,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,061,000 | Purchase Money Mortgage | |
| Previous Owner | $18,883 | Unknown | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $1,200,000 | Purchase Money Mortgage | |
| Previous Owner | $360,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Price Changed | $1,750,000 | -2.7% | $1,506 / Sq Ft |
| 05/01/2024 05/01/24 | For Sale | $1,798,000 | -0.1% | $1,547 / Sq Ft |
| 07/13/2018 07/13/18 | Sold | $1,800,000 | +0.3% | $1,549 / Sq Ft |
| 06/13/2018 06/13/18 | Pending | -- | -- | -- |
| 03/13/2018 03/13/18 | For Sale | $1,795,000 | -- | $1,545 / Sq Ft |
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 | $17,370 | $140,787 | $8,519 | $132,268 |
| 2024 | $17,370 | $138,935 | $8,519 | $130,416 |
| 2023 | $16,637 | $135,622 | $8,519 | $127,103 |
| 2022 | $14,682 | $150,382 | $8,519 | $141,863 |
| 2021 | $17,458 | $146,022 | $8,519 | $137,503 |
| 2020 | $15,452 | $163,427 | $8,519 | $154,908 |
| 2019 | $14,092 | $160,414 | $8,519 | $151,895 |
| 2018 | $16,067 | $161,615 | $8,519 | $153,096 |
| 2017 | $14,492 | $132,848 | $8,519 | $124,329 |
| 2016 | $13,521 | $132,519 | $8,519 | $124,000 |
| 2015 | $6,219 | $124,462 | $8,519 | $115,943 |
| 2014 | $6,219 | $117,030 | $8,519 | $108,511 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2024
Jeremy Swillinger
Level Group Inc
-
M
Seller's Agent in 2018
Michael Franco
Compass
About The Chelsea Mercantile
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10057033
APN: 0774-1059
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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