NOT LISTED FOR SALE

Estimated Value: $2,873,000 - $3,218,000

2 Beds
2 Baths
2,269 Sq Ft
$2,075/mo HOA Fee

Last Sold May 11, 2023

Last sale price $2,999,999 $1,322 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $21,062/month

38 Days on Market

Highlights

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

About This Home

As of May 2023

Apartment 9R is a pristine 2-bedroom 2-bathroom loft (with potential for an additional home office) that seamlessly blends classic elegance and modern loft living. The oversized 2,269 sq. ft. home at the renowned Chelsea Mercantile, a sought-after condominium with incredible history, wonderful amenities, and an unbeatable location, is not to be missed.

Soaring 11-ft beamed ceilings, natural white oak floors, wall-to-wall windows, and a large utility room which could be converted into a home office, set this apartment apart from the rest. The courtyard-facing western exposure ensures that the apartment is bright and pin-drop quiet.

You enter the apartment through a spacious foyer which flows into an expansive 38' x 21' open-concept living room, dining room and large chef's kitchen. The kitchen was just updated with pristine quartz countertops and backsplash and features a very large island which is perfect for preparing gourmet meals and entertaining friends and family.

Two very large bedrooms share a four-piece bathroom which could be closed off to create a proper primary bedroom with a dressing room and an en-suite bathroom, plus a second expansive bedroom with a walk-in closet. A large 13' x 8' utility room allows the opportunity to create a home office if one desires.

The Chelsea Mercantile is made up of four contiguous buildings and was the former headquarters of The National Cloak and Suit Company. The sought-after luxury condominium building offers residents 24-hour door attendants, concierge, valet service, on-site parking, an on-site Whole Foods, a gym, a children's playroom, and a sprawling rooftop deck with open city views.

There are numerous restaurants, cafes, bars, and shops nearby, and the High Line, Chelsea Market, and Madison Square Park are all a few blocks away. Nearby subway lines include the 1/F/M/C/E. Pets are welcome.

NOTE:

* The residence comes with a large 5' x 5' x 8' private storage locker.

* Taxes listed are for primary residence use. Non-primary/investor taxes are $2,570/month.

Last Agent to Sell the Property

Aren Ebrahimi

Compass License #10301214697 Listed on: 02/10/2023

Compass

Co-Listed By

Leonard Steinberg

Compass License #10491210697

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,452

Year Built

  • Built in 1907

Lot Details

  • West Facing Home

HOA Fees

  • $2,075 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 2,269 Sq Ft Home
  • Entrance Foyer
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,452

Year Built

Built in 1907

Lot Details

0

HOA Fees

$2,075 per month

Listing Details

  • Cross Street: West 24th Street/West 25th Street
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Architectural Style: Prewar
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Washer Dryer Allowed
  • Living Area: 2269.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Courtyard, Building Garden, Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2075.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 19
  • Year Built: 1907

Tax Info

  • Tax Block: 774
  • Tax Lot: 7501
  • Tax Annual: 25452.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2023
Sold by
Guarnaschelli Alexandra
Bought by
Alexandra Guarnaschelli As Trustee and The Alexandra Guarnaschelli Trust
Current Estimated Value
$3,025,418

Purchase Details

Listed on
Feb 10, 2023
Closed on
May 11, 2023
Sold by
Metters Morgan
Bought by
Guarnaschelli Alexandra
Seller's Agent
Aren Ebrahimi
Compass
List Price
$3,000,000
Sold Price
$2,999,999
Premium/Discount to List
-$1
0.0%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$2,399,999
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Alexandra Guarnaschelli As Trustee -- --
Guarnaschelli Alexandra $2,999,999 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guarnaschelli Alexandra $2,399,999
Previous Owner Metters Morgan $715,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2023 05/11/23 Sold $2,999,999 0.0% $1,322 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $3,000,000 0.0% $1,322 / Sq Ft
11/29/2018 11/29/18 Rented -- -- --
10/30/2018 10/30/18 Under Contract -- -- --
07/18/2018 07/18/18 For Rent $9,900 -16.8% --
10/03/2014 10/03/14 Rented -- -- --
09/03/2014 09/03/14 Under Contract -- -- --
07/22/2014 07/22/14 For Rent $11,900 -- --
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 $30,028 $243,388 $14,726 $228,662
2024 $30,028 $240,185 $14,726 $225,459
2023 $23,728 $234,458 $14,726 $219,732
2022 $25,446 $259,974 $14,726 $245,248
2021 $30,181 $252,437 $14,726 $237,711
2020 $26,713 $282,526 $14,726 $267,800
2019 $25,161 $277,317 $14,726 $262,591
2018 $28,288 $279,393 $14,725 $264,668
2017 $25,431 $229,661 $14,726 $214,935
2016 $23,900 $229,093 $14,726 $214,367
2015 $10,883 $215,164 $14,726 $200,438
2014 $10,883 $202,317 $14,726 $187,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10850007

Real Estate Board of New York (REBNY)

APN: 0774-1187