$2,100,000
SOLD JUN 18, 2025
1 Bed
2 Baths
1,478 Sq Ft
$1,327/mo HOA Fee

Recently Sold

$1,421 Per Sq Ft

8% Below List Price

60 Days on Market

Highlights

  • Valet Parking
  • 2-minute walk to 23 Street (1,2 Line)
  • Security Guard
  • P.S. 11 Sarah J. Garnet School Rated A
  • Wood Flooring
  • 3-minute walk to Penn South Playground

About This Home

As of June 2025

Bask in wonderful natural light and exquisite designer style in this one-bedroom, two-bathroom loft showplace featuring an expansive layout, iconic views and an enviable location within the revered, full-service Chelsea Mercantile condominium.

Spanning nearly 1,500 square feet, this spacious and bright home greets you with 10.5-foot-tall ceilings that soar above, chic designer lighting, hardwood floors, wide art walls and huge south-facing windows. A gracious foyer flanked by a coat closet ushers you into the massive great room, the perfect setting for relaxing and entertaining alongside original columns and open-sky views that skim across the neighboring historic rooftops. The open Elie kitchen elevates every culinary adventure with sleek cabinetry and upscale appliances including a Gaggenau cooktop, Sub-Zero refrigerator and Miele dishwasher.

Glass doors reveal the spacious and sunny bedroom suite where you'll find an oversized walk-in closet and a soothing en suite bathroom featuring a soaking tub, glass shower and floating vanity. A second full bathroom completes the elegant layout of this turnkey Chelsea sanctuary.

Built in 1908, The Chelsea Mercantile condominium had a storied past housing The NationalCloak and Suit Company and Veterans Administration. Today, residents of the pet-friendly, prewar building enjoy a grand rotunda lobby, 24-hour doorman/concierge service, valet cleaning service, storage, a fitness center, children's playroom, a 10,000-square-foot landscaped roof deck with sweeping views, and a parking garage accessible from the lobby.

This fine home is surrounded by everything that makes the Chelsea lifestyle so desirable. Fantastic restaurants and nightlife hotspots line the nearby streets, and foodies will love having Whole Foods right downstairs and Trader Joe's, Eataly and Fairway Market all within blocks. Explore legendary Chelsea galleries and entertainment venues, and revel in the spectacular outdoor space and recreation at Madison Square Park, The High Line, Hudson River Park and Chelsea Piers. Nearby A/C/E, 1 and L trains, excellent bus service and CitiBikes put the rest of the city within easy reach.

There is an ongoing capital assessment of $306.12 and a special assessment of $862.80 until June 2025 for roof replacement, elevator modernization, roof amenity and energy compliance.

Last Agent to Sell the Property

Edward Freiberg

Compass License #40FR1171407 Listed on: 02/18/2025

Compass

Co-Listed By

Jon Cella

Compass License #40CE0937477

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,244

Year Built

  • Built in 1908

Lot Details

  • South Facing Home

HOA Fees

  • $1,327 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,478 Sq Ft Home
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1181 / 00774

Community Details

Overview

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

Amenities

  • Valet Parking
  • Laundry Facilities

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,244

Year Built

Built in 1908

Lot Details

0

HOA Fees

$1,327 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 9
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Interior Features: Kitchen Island
  • Appliances: Dishwasher
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1478.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • View: No

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage, Valet

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Building Multiple Locations, Common On Floor, Common Area, In Unit
  • Security: Security Guard
  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1327.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 197.500000x250.000000

Building Info

  • New Construction: No
  • Units: 352
  • Total Stories: 19
  • Year Built: 1908

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00774
  • Tax Lot: 1181
  • Tax Annual: 26244.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2025
Closed on
Jun 18, 2025
Sold by
Daniel J Krofcheck Trust and Daniel J Krofcheck Trust U/D/T Dated Ap
Bought by
Cellura Joseph E and Cellura Joseph Edward
Seller's Agent
Edward Freiberg
Compass
List Price
$2,275,000
Sold Price
$2,100,000
Premium/Discount to List
-$175,000
-7.69%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.78%

Purchase Details

Closed on
Apr 5, 2024
Sold by
Krofcheck Daniel J
Bought by
Krofcheck Trustee Daniel J and The Daniel J Krofcheck Trust

Purchase Details

Closed on
Jul 20, 2007
Sold by
Carr Bertram F and Rich Thomas R
Bought by
Krofcheck Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 $2,100,000 --
Deed -- --
Deed -- --
Deed $2,200,000 --
Deed $2,200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $12,200 No Value Available
Previous Owner $440,000 Purchase Money Mortgage
Previous Owner $100,000 No Value Available
Previous Owner $5,764 No Value Available
Previous Owner $572,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $2,100,000 -7.7% $1,421 / Sq Ft
04/19/2025 04/19/25 Pending -- -- --
02/18/2025 02/18/25 For Sale $2,275,000 -- $1,539 / 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 $26,392 $213,918 $12,944 $200,974
2024 $26,392 $211,103 $12,944 $198,159
2023 $25,279 $206,070 $12,944 $193,126
2022 $22,365 $228,496 $12,944 $215,552
2021 $26,527 $221,872 $12,944 $208,928
2020 $23,450 $248,317 $12,944 $235,373
2019 $22,114 $243,739 $12,944 $230,795
2018 $24,863 $245,564 $12,944 $232,620
2017 $22,352 $201,854 $12,944 $188,910
2016 $21,006 $201,354 $12,943 $188,411
2015 $9,723 $189,112 $12,944 $176,168
2014 $9,723 $177,819 $12,943 $164,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20003732

Real Estate Board of New York (REBNY)

APN: 0774-1181