$2,200,000
SOLD JUN 17, 2025
2 Beds
2 Baths
1,628 Sq Ft
$1,391/mo HOA Fee

Recently Sold

$1,351 Per Sq Ft

15% Below List Price

403 Days on Market

Highlights

  • Concierge
  • 2-minute walk to 23 Street (1,2 Line)
  • Children's Playroom
  • P.S. 11 Sarah J. Garnet School Rated A
  • Rooftop Deck
  • 3-minute walk to Penn South Playground

About This Home

As of June 2025

Chelsea Mercantile is everyone's favorite condo in Chelsea. Residence 6H is a well-priced, enormous two bedroom, two bath loft with 11 foot ceilings, large windows and touches of exposed brick. This very special home has only had one owner with very light use and is in excellent, move in condition. As you enter the apartment, you immediately are impressed with the scale of the great room, with generous living and dining areas and an open kitchen which measures over 30" by 17.5".

The chef's kitchen has stainless steel appliances, an island with a breakfast bar, plenty of room to prep your meals and abundant storage. You would never say there are too many cooks in this kitchen because of the layout and space. The great room faces north with three large windows that allow for constant sunlight though out the day.

The primary bedroom is bigger than a luxury hotel room, 20" by 12'2" and will fit your king sized bed, dresser, seating for morning coffee and a desk. The walk in closet is huge, all outfitted by California Closets and has shoe storage. En-suite luxurious bath has a double sink, deep soaking tub and separate shower. The second bedroom is 18" by 11" and can easily accommodate two twin beds or if you prefer, this could be a wonderful den or home office. Another large full bath off the hallway can also serve as your powder room.

Other additions to note are washer dryer, crown molding, strip hardwood floors, custom lighting, electric shade, exposed brick, custom closets, custom doors and a large storage unit. Chelsea Mercantile has 24 hour doorman, concierge, valet service, renovated lobby, new top of the line gym, soon to be brand new roof deck, children's playroom, laundry in basement and on every floor and direct elevator access garage. Located at Seventh Avenue between 24th and 25th Street, you have Whole Foods in the building, cross town and subway a block away, truly a most convenient location.

There is an ongoing capital assessment of $321.12 and a special assessment of $905 till June 30, 2025 for roof deck upgrade and elevator upgrades. Local Law 11 has been completed in the past year.

Last Agent to Sell the Property

Doreen Courtright

Douglas Elliman Real Estate License #30CO1011611 Listed on: 03/08/2024

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,123

Year Built

  • Built in 1908

HOA Fees

  • $1,391 Monthly HOA Fees

Home Design

  • 1,628 Sq Ft Home
  • Entry on the 6th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • No Cooling

Additional Features

  • Basement

Listing and Financial Details

  • Legal Lot and Block 7501 / 00774

Community Details

Overview

  • 352 Units
  • High-Rise Condominium
  • Chelsea Mercantile Condos
  • Chelsea Subdivision
  • 19-Story Property

Amenities

  • Concierge
  • Rooftop Deck
  • Courtyard
  • Children's Playroom
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,123

Year Built

Built in 1908

Lot Details

0

HOA Fees

$1,391 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 6
  • Structure Type: High Rise
  • Pets No Pets Comments: no,Building Pets Allowed Comments:no
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Interior Features: Separate/Formal Dining Room, Smoke Free
  • Fireplace: No
  • Living Area: 1628.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: No
  • Exterior Features: Building Courtyard, Building Roof Deck, None, Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Common Playroom, Concierge, Elevator(s)
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1391.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

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

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00774
  • Tax Lot: 7501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jun 17, 2025
Sold by
Manning-Kranes Claire
Bought by
Olowolafe Afolabi Oladapo
Seller's Agent
Doreen Courtright
Douglas Elliman Real Estate
List Price
$2,575,000
Sold Price
$2,200,000
Premium/Discount to List
-$375,000
-14.56%
Views
25
Current Estimated Value
$2,391,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,966
Avg. Annual Appreciation
21.48%

Purchase Details

Closed on
Jan 14, 2002
Sold by
Kranes Peter Michael and Manning-Kranes Claire
Bought by
Manning-Cranes Claire
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 $2,200,000 --
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2025 06/17/25 Sold $2,200,000 -4.1% $1,351 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $2,295,000 -2.3% $1,410 / Sq Ft
01/07/2025 01/07/25 Price Changed $2,350,000 -3.1% $1,443 / Sq Ft
08/09/2024 08/09/24 Price Changed $2,425,000 -2.8% $1,490 / Sq Ft
04/18/2024 04/18/24 Price Changed $2,495,000 -3.1% $1,533 / Sq Ft
03/08/2024 03/08/24 For Sale $2,575,000 -- $1,582 / 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 $26,123 $211,735 $12,811 $198,924
2024 $26,123 $208,949 $12,811 $196,138
2023 $20,642 $203,967 $12,811 $191,156
2022 $22,137 $226,165 $12,811 $213,354
2021 $26,256 $219,608 $12,811 $206,797
2020 $23,239 $245,783 $12,811 $232,972
2019 $21,889 $241,252 $12,811 $228,441
2018 $24,313 $243,059 $12,812 $230,247
2017 $21,905 $199,794 $12,811 $186,983
2016 $20,488 $199,300 $12,811 $186,489
2015 $9,444 $187,182 $12,811 $174,371
2014 $9,444 $176,005 $12,811 $163,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10989950

Real Estate Board of New York (REBNY)

APN: 0774-1091