NOT LISTED FOR SALE

Estimated Value: $3,065,784 - $3,555,000

2 Beds
2 Baths
2,092 Sq Ft
$1,367/mo HOA Fee

Last Sold June 16, 2016

Current estimated payment $21,438/month

120 Days on Market

Highlights

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

About This Home

As of June 2016

Located on one of the penthouse floors, this dramatic and sprawling loft boasts 2092 square feet of interior space and a magnificent 405-square-foot private terrace.

A perfect setting for entertaining, the grand 18'8"x 35' open living room grants two exposures through over-sized windows and pairs beautifully with the pristinely renovated kitchen that features high-end appliances, a large pantry and a full sized washer/dryer. Off of the main living space is your private terrace completely set up with gas for outdoor cooking.

The spacious master suite includes a generously sized custom fitted walk-in closet and a large en-suite, 5-fixture master bath. The master suite also features a separate 9'6"X18' library/home office, which overlooks the terrace. The over-sized second bedroom is pin-drop quiet and also has a large custom fitted walk-in closet and a renovated bath directly across the hall. The 16'5"X11' space is large enough to accommodate two twin beds or a queen size bed.

The Chelsea Mercantile is one of the premier full-service doorman buildings in Chelsea. Building amenities include a 24-doorman and concierge, 10,000-square-foot roof deck with sparkling views of the city, a fully equipped gym, a children's playroom, maid and dry cleaning services and additional private storage is included with this sale. Parking is located on the lower concourse level and Whole Foods is downstairs.

Last Agent to Sell the Property

Michael Rubin

Compass License #10301208606 Listed on: 01/18/2016

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,592

Year Built

  • Built in 1907

HOA Fees

  • $1,367 Monthly HOA Fees

Home Design

  • 2,092 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • Chelsea Mercantile Condos
  • Chelsea Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,592

Year Built

Built in 1907

Lot Details

0

HOA Fees

$1,367 per month

Listing Details

  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Living Area: 2092.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1367.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: CHELSEA MERCANTILE
  • Year Built: 1907

Tax Info

  • Tax Block: NA
  • Tax Annual: 20592.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2016
Closed on
Jun 10, 2016
Sold by
Levy David S and Levy Rachel K
Bought by
Chhabra Neeru
Seller's Agent
Michael Rubin
Compass
List Price
$3,895,000
Current Estimated Value
$3,195,196

Purchase Details

Closed on
Sep 14, 2012
Sold by
Levy David S
Bought by
Levy David S and Levy Rachel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,254
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2000
Sold by
252 Seventh Llc
Bought by
Levy David S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,250
Interest Rate
7.69%
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
Chhabra Neeru $3,750,000 --
Levy David S -- --
Levy David S -- --
Levy David S $1,420,500 Madison Title Agency
Levy David S $1,420,500 Madison Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levy David S $291,254
Previous Owner Levy David S $1,046,250
Closed Levy David S $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2016 06/16/16 Sold -- -- --
05/17/2016 05/17/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $3,895,000 -- $1,862 / 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 $37,570 $304,519 $18,424 $286,095
2024 $37,570 $300,511 $18,424 $282,087
2023 $29,687 $293,345 $18,424 $274,921
2022 $31,837 $325,270 $18,424 $306,846
2021 $37,761 $315,840 $18,424 $297,416
2020 $33,422 $353,485 $18,424 $335,061
2019 $25,339 $346,968 $18,424 $328,544
2018 $35,393 $349,567 $18,424 $331,143
2017 $31,819 $287,344 $18,424 $268,920
2016 $29,903 $286,632 $18,423 $268,209
2015 $13,661 $269,205 $18,424 $250,781
2014 $13,661 $253,132 $18,424 $234,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10096117

Real Estate Board of New York (REBNY)

APN: 0774-1265