$1,395,000
$105K PRICE DROP

Estimated payment $9,626/month

Total Views 2,500
1 Bed
1 Bath
990 Sq Ft
$1,409 Price per Sq Ft

Highlights

  • Central Air
  • 2-minute walk to 23 Street (1,2 Line)
  • East Facing Home
  • P.S. 11 Sarah J. Garnet School Rated A
  • Laundry Facilities
  • 3-minute walk to Penn South Playground

About This Home

Now available on what is most likely the most coveted floor of the Chelsea Mercantile, this authentic loft residence features soaring 12.7-foot ceilings (highest in the building), tall east-facing windows, and an exceptional sense of volume that is rarely found.

This true loft offers a flexible, open layout with a smartly integrated kitchen, stainless steel appliances, and generous storage throughout. The ceiling height presents a unique opportunity to add a custom mezzanine, perfect for a home office or additional sleeping area.

The bedroom is spacious, quiet, and well-proportioned, with a full wall of closets and room for a king-sized bed. It offers a tranquil retreat in the heart of Chelsea.

Chelsea Mercantile is one of the neighborhood’s most iconic full-service condominiums, offering white-glove service, a newly renovated lobby, on-site parking, a well-equipped gym, children’s playroom, laundry room, and Whole Foods directly in the building. The building’s expansive roof deck is currently undergoing a high-end renovation to resort standard.

Located in prime Chelsea near Madison Square Park, top restaurants, shops, and major subway lines (N, R, W, F, M, 1, E, and C), this is an opportunity to own a piece of classic New York City loft living and experience refined for modern life.

Pets welcome

Listing Agent

Luke Whittle

Elegran LLC License #10401255102 Listed on: 05/09/2025

Elegran LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,816

Year Built

  • Built in 1910

HOA Fees

  • $876 Monthly HOA Fees

Home Design

  • 990 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • No Heating

Additional Features

  • Dishwasher
  • East Facing Home

Listing and Financial Details

  • Property Available on 5/8/25

Community Details

Overview

  • 352 Units
  • Chelsea Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,816

Year Built

Built in 1910

Lot Details

0

HOA Fees

$876 per month

Listing Details

  • Exposures: East
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Structure Type: None
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher
  • Living Area: 990.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Basement: No

Beds/Baths

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

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Under 60 Sqft

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 876.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 990.0

Building Info

  • New Construction: No
  • Units: 352
  • Year Built: 1910

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-05-08

Tax Info

  • Tax Block: 0
  • Tax Lot: 0
  • Tax Annual: 15816.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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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 $15,620 $126,603 $7,661 $118,942
2024 $15,620 $124,938 $7,661 $117,277
2023 $14,961 $121,959 $7,661 $114,298
2022 $13,236 $135,231 $7,661 $127,570
2021 $15,699 $131,311 $7,661 $123,650
2020 $13,895 $146,962 $7,661 $139,301
2019 $13,088 $144,252 $7,661 $136,591
2018 $14,714 $145,332 $7,660 $137,672
2017 $13,229 $119,463 $7,660 $111,803
2016 $12,432 $119,168 $7,661 $111,507
2015 $5,754 $111,923 $7,661 $104,262
2014 $5,754 $105,239 $7,661 $97,578
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $1,395,000 -7.0% $1,409 / Sq Ft
05/09/2025 05/09/25 For Sale $1,500,000 +34.5% $1,515 / Sq Ft
06/17/2016 06/17/16 Sold -- -- --
05/18/2016 05/18/16 Pending -- -- --
09/20/2005 09/20/05 For Sale $1,115,000 -- $1,121 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $1,050,000 --
Deed $1,050,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed $680,000 --
Deed $680,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $89,389 No Value Available
Previous Owner $840,000 No Value Available
Previous Owner $105,000 No Value Available
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20022552

Real Estate Board of New York (REBNY)

APN: 0774-1016