NOT LISTED FOR SALE

Estimated Value: $3,032,000 - $5,640,498

4 Beds
4 Baths
3,894 Sq Ft
1910 Built

Sale Details

Date Sold: November 18, 2024

Last sale price $5,550,000 $1,425 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $31,777 / mo

117 Days on Market

Highlights

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

About This Home

As of November 2024

Apartment 9X at the Chelsea Mercantile presents an unparalleled opportunity to own nearly 4,000 square feet of living space in one of the finest pre-war luxury loft buildings downtown. This remarkable 4 bedroom, 4 bath residence with a home office delivers an expansive and sun-drenched haven in the heart of vibrant Chelsea. The introduction to this lavish home begins with a gracious foyer flanked by a wall of custom-built closets and a full guest bath. The foyer flows into an impressive gallery for any size art collection. The gallery delineates the living space from the bedroom wing. Stretching along the south end of the loft you have the great room measuring over 53 feet long and boasting incredible southern sun and views of the historic neighborhood including a postcard-worthy shot of the famous Chelsea Hotel. A wall of contemporary sliding doors conveniently closes off one section of the great room creating a lovely and comfortable media room. The balance of this enormous open living space creates the perfect combined living and dining rooms large enough to accommodate grand-scale entertaining. A large bedroom, currently configured as a home office, is situated behind the great room featuring incredible open views to the west and an enormous walk-in closet. An additional home office is cleverly hidden with a chic sliding door in the center of the gallery. The substantial eat-in kitchen rivals anything you might find in a large suburban home. The kitchen is outfitted with a stretch of stainless-steel cabinetry covered in black Caesarstone counters. The custom cabinetry creates volumes of storage space only topped by the three large custom-built closets bookending the kitchen. The appliances include a six burner Viking range with a dual oven, a vented hood, and a SubZero fridge. The eat-in feature of this kitchen includes a dining table easily accommodating 10 and if that wasn’t enough a separate informal media room flows naturally off the kitchen. A full bath, which doubles as the laundry room in the current configuration, sits conveniently in this section of the loft as well. The bedroom wing is at the opposite end of the gallery featuring three generously proportioned suites. The primary bedroom is enormous and features oversized windows with quiet and sunny northern exposures. The spa-like primary bath includes a double vanity, a rain shower, and deep soaking tub. There is not only a custom-built walk-in closet but a full dressing room with all the bells and whistles necessary to accommodate the largest of wardrobes. The second and third bedrooms are also generously proportioned with beautiful northern exposures, large custom closets, and a shared full bath. Other features of this dramatic residence include 11-foot ceilings, 20 oversized windows offering light and views in every room, pristine solid oak floors, AC throughout, abundant closet and storage space all outfitted to maximize storage, and custom-built cabinetry throughout. The apartment transfers with two large storage rooms, one on the floor and one in the basement. The Chelsea Mercantile at 252 Seventh Avenue is a full-service white-glove Condominium featuring stunning new lobby and impeccable financials boasting some of the lowest carrying charges of any luxury Manhattan building with Whole Foods at the base of the condo. Residents enjoy the best services including a 24-hour doorman, concierge, a resident manager, valet and laundry services, parking with direct elevator access, a state-of-the-art gym, a children’s playroom, and a splendid 10,000 square foot landscaped and furnished roof deck with unparalleled views of the city.
The location of the building is simply the best in the heart of it all including Chelsea, Madison Square Park, Flatiron and surrounded by the best restaurants, shops and attractions including Eataly, the West Chelsea Gallery District, Hudson Yards, the Highline, Hudson River Park, and the Chelsea Piers

Last Agent to Sell the Property

Michael J Franco

Compass License #10301200848 Listed on: 02/14/2024

Compass

Co-Listed By

Miriam Richards

Compass License #10301208568

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $54,960

Year Built

  • Built in 1910

Lot Details

  • Garden

HOA Fees

  • $3,736 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 9th floor
  • Mixed Use

Interior Spaces

  • 3,894 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Entrance Foyer
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Laundry

  • Laundry in multiple locations
  • Washer and Dryer Hookup

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1183 / 00774

Community Details

Overview

  • 352 Units
  • Chelsea Subdivision
  • 19-Story Property

Amenities

  • Valet Parking
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$54,960

Year Built

Built in 1910

Lot Details

0 Sq Ft Lot

HOA Fees

$3,736 per month

Listing Details

  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 9
  • Structure Type: Mixed Use
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Interior Features: Built-in Features, Double Vanity, Entrance Foyer, Eat-in Kitchen, High Ceilings, Soaking Tub, Walk-In Closet(s)
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3894.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Garden

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
  • Cooling: Other
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3736.0
  • 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: 1910

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00774
  • Tax Lot: 1183
  • Tax Annual: 54960.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Nov 18, 2024
Sold by
Bought by
Seller's Agent
Michael J Franco
Compass
List Price
$6,350,000
Sold Price
$5,550,000
Premium/Discount to List
-$800,000
-12.6%
Views
62
Current Estimated Value
$4,390,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,159,875
Avg. Annual Appreciation
-12.81%

Purchase Details

Closed on
Oct 31, 2002
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,550,000 --
$5,550,000 Thoroughbred Title Services
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/18/2024 11/18/24 Sold $5,550,000 +7.2% $1,425 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/22/2024 05/22/24 Price Changed $5,175,000 -9.2% $1,329 / Sq Ft
03/12/2024 03/12/24 Price Changed $5,700,000 -10.2% $1,464 / Sq Ft
02/14/2024 02/14/24 For Sale $6,350,000 -- $1,631 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $47,204 $381,770 $22,849 $358,921
2025 $43,890 $377,634 $22,849 $354,785
2024 $43,890 $372,663 $22,849 $349,814
2023 $34,629 $363,777 $22,849 $340,928
2022 $37,206 $403,366 $22,849 $380,517
2021 $44,178 $391,673 $22,849 $368,824
2020 $39,224 $438,356 $22,849 $415,507
2019 $36,792 $430,275 $22,849 $407,426
2018 $41,144 $433,497 $22,849 $410,648
2017 $38,173 $356,335 $22,849 $333,486
2016 $35,763 $355,453 $22,849 $332,604
2015 $10,957 $333,842 $22,850 $310,992
2014 $10,957 $313,907 $22,849 $291,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10989707

Real Estate Board of New York (REBNY)

APN: 0774-1183

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