$2,395,000
$355K PRICE DROP

Estimated payment $16,665/month

Total Views 10,652
2 Beds
2 Baths
1,563 Sq Ft
$1,532 Price per Sq Ft

Highlights

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

About This Home

Experience loft living at its finest in this meticulously designed apartment, featuring functional built-ins, designer lighting, and ample custom storage throughout. Sunlight floods the space through oversized, south-facing tilt-and-turn windows, ensuring a bright and airy atmosphere all day long. The apartment's spaciousness and thoughtful layout are immediately evident, starting with a large foyer that includes a walk-in closet, perfect for organizing your seasonal essentials.

The partially enclosed kitchen, situated just off the entryway, features rich cherry wood cabinetry, dark stone countertops, and a suite of new stainless steel Kitchenaid appliances and a Bosch dishwasher. A discreetly placed LG stackable washer and dryer enhance the space's efficiency. The breakfast bar opens into the expansive living and dining area, creating an ideal setting for entertaining. Notable features include a back lit custom marble bar, built-in speakers, long plank oak floors, nearly 11-foot ceilings, exposed brick columns, and gallery walls perfect for showcasing art. Zoned HVAC is seamlessly hidden behind custom built-ins throughout the home. The living room is wired for 3Dimensional speakers. There is an extra-large walk-in storage room with full height ceilings located on the same floor directly outside the front door of the unit that is deeded with the apartment.

The apartment's two bedrooms are separated by a wide hallway lined with oversized closets. The primary bedroom includes a built-in desk, window seating, a California Closet, and custom shutters. Its en-suite five-piece bathroom is finished with limestone tile, a walk-in shower, soaking tub, and double sinks. The second bedroom is equally well-appointed, featuring floor-to-ceiling custom cabinetry, recessed lighting, and a statement chandelier. A second full bathroom is discreetly located at the end of the hall, next to another California Closet, adding to the home's thoughtful design. With 1,563 square feet, this apartment is move-in ready, but can easily be customized to fit your specific needs.

Built in 1908, The Chelsea Mercantile is a full-service doorman building offering an array of amenities for modern urban living. Enjoy the convenience of having Whole Foods on the ground floor, a fully-equipped gym, valet services, a concierge, and a children's playroom. The building also features a beautifully landscaped 10,000-square-foot roof deck with panoramic views of the city, perfect for relaxation or entertaining. Additional perks include direct access to a public parking garage, a newly renovated lobby, and four elevator banks for easy access and privacy. Located at the vibrant crossroads of Downtown and Midtown, you'll have immediate access to the 1, C, E, F, M, Q, and R subway lines, as well as the countless dining, shopping, and cultural destinations that define Chelsea living.

Please not there is an on going $272.17/mo capital reserve assessment and a roof and elevator project assessment of $910.84/mo which expires June 2025.

Listing Agent

Robert Hall

Brown Harris Stevens Residential Sales LLC License #10301210633 Listed on: 10/25/2024

Brown Harris Stevens Residential Sales LLC

Co-Listing Agent

Maeve Crispi

Brown Harris Stevens Residential Sales LLC License #10401362165

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,025

Year Built

  • Built in 1908

HOA Fees

  • $1,353 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,563 Sq Ft Home
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Additional Features

  • South Facing Home
  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 1126 / 01824

Community Details

Overview

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

Amenities

  • Concierge
  • Rooftop Deck
  • Courtyard
  • Children's Playroom
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,025

Year Built

Built in 1908

Lot Details

0

HOA Fees

$1,353 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 7
  • 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: Dining Area
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1563.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: Yes
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard, Building Roof Deck, None, Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, In Unit
  • Green Building Features: Common Playroom, Concierge, Elevator(s), Storage
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1353.0
  • 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: 01824
  • Tax Lot: 1126

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $25,025 $205,187 $12,415 $192,772
2024 $25,025 $202,487 $12,415 $190,072
2023 $19,769 $197,659 $12,415 $185,244
2022 $25,712 $219,170 $12,415 $206,755
2021 $25,142 $212,816 $12,415 $200,401
2020 $22,280 $238,182 $12,415 $225,767
2019 $20,969 $233,791 $12,415 $221,376
2018 $23,552 $235,541 $12,415 $223,126
2017 $21,221 $193,615 $12,415 $181,200
2016 $19,844 $193,136 $12,415 $180,721
2015 $9,146 $181,393 $12,415 $168,978
2014 $9,146 $170,562 $12,415 $158,147
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $2,395,000 0.0% $1,532 / Sq Ft
07/10/2025 07/10/25 Off Market $2,395,000 -- --
05/20/2025 05/20/25 Price Changed $2,395,000 -3.2% $1,532 / Sq Ft
04/04/2025 04/04/25 Price Changed $2,475,000 -0.4% $1,583 / Sq Ft
04/04/2025 04/04/25 Price Changed $2,485,000 -3.5% $1,590 / Sq Ft
02/11/2025 02/11/25 Price Changed $2,575,000 -6.4% $1,647 / Sq Ft
10/25/2024 10/25/24 For Sale $2,750,000 -- $1,759 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Mortgage History

Date Status Loan Amount Loan Type
Open $554,500 No Value Available
Closed $500,000 No Value Available
Closed $112,177 No Value Available
Closed $436,000 No Value Available
Closed $100,000 No Value Available
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11017996

Real Estate Board of New York (REBNY)

APN: 0774-1126