NOT LISTED FOR SALE

Estimated Value: $1,539,000 - $1,835,000

1 Bed
1 Bath
1,162 Sq Ft
$916/mo HOA Fee

Last Sold April 03, 2025

Last sale price $1,675,000 $1,441 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $11,144/month

279 Days on Market

Highlights

  • Home Gym
  • 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
  • Garage

About This Home

As of April 2025

The Swillinger Team. A truly sizable 1-bedroom loft (conv. 2 possible) in the renowned Chelsea Mercantile. The expansive floor plan is ideal for entertaining and relaxed living. When entering, you are greeted by a formal entry foyer which leads you to a great room with plenty of space for several seating areas and an oversized dining table. There are 11 feet ceilings throughout, accented by oversized windows. There are serene and sunny exposures into the planted garden courtyard, giving you a sense of Zen that is needed in a NYC lifestyle. The significantly large primary bedroom is positioned separately from the living area and includes a large custom-built walk-in closet. The mint-condition bathroom is a place of sanctuary and solitude. The stylish open kitchen is in excellent condition with stainless steel, chic black finishes, and offers plenty of cabinet and counter space for any skilled chef. Washer and Dryer in unit. Built in 1908, the 19-story pre-war (WWI) condominium at 252 Seventh Avenue in Chelsea is prime real estate for New Yorkers looking to turn the clock back on Manhattan's storied history. It embraces the perfect blend of luxury and is notorious for its excellent service and very low monthly common charges and taxes. There is a 24 hour door person and concierge service, a private parking garage located inside the building, a state-of-the-art fitness room, 10,000 square foot roof deck, and a children's playroom. Neighborhood Faves: Shukette (Middle Eastern Cuisine), Crumbl Dessert, Brooklyn Bagel, Seven Grams Caffe, Whole Foods. Variety Coffee Roasters, Café Chelsea, Jack’s Wife Frida, Plethora of West Chelsea Galleries, Chelsea Piers, and Madison Square Park. Pied-a-terre, subletting, guarantors, co-purchasing, and corporate ownership are allowed. The condo is pet-friendly. Ongoing monthly capital assessment through June 2025 for upgrading the elevators and renovations to the incredible city view roof deck.

Last Agent to Sell the Property

Jeremy Swillinger

Find Properties License #40SW0964570 Listed on: 05/01/2024

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,944

Year Built

  • Built in 1907

Lot Details

  • 871

HOA Fees

  • $916 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,162 Sq Ft Home
  • Home Gym
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • 352 Units
  • The Chelsea Mercantile Condos
  • Chelsea Subdivision
  • 21-Story Property

Listing and Financial Details

  • Property Available on 8/1/24
  • Legal Lot and Block 1059 / 00774

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,944

Year Built

Built in 1907

Lot Details

0

HOA Fees

$916 per month

Listing Details

  • Cross Street: West 24th and West 25th Street
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Architectural Style: Loft
  • Entry Level: 5
  • Structure Type: Multi Family, None, Townhouse
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area: 1162.0
  • Living Area Units: Square Feet
  • Dining Room Type: Gym

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common On Floor, In Unit

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 916.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Current Use: Residential, Single Family
  • Lot Size Area: 1162.0
  • Lot Size Dimensions: 197.5 x 250.0

Building Info

  • New Construction: No
  • Building Name: The Chelsea Mercantile
  • Units: 352
  • Total Stories: 21
  • Year Built: 1907

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2024-08-01

Tax Info

  • Tax Block: 00774
  • Tax Lot: 1059
  • Tax Annual: 16944.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Apr 3, 2025
Sold by
Mandy Li 2006 Trust Dated /2006 and Mandy Li As Trustee
Bought by
Park Sang Ho
Seller's Agent
Jeremy Swillinger
Find Properties
List Price
$1,798,000
Sold Price
$1,675,000
Premium/Discount to List
-$123,000
-6.84%
Views
63
Current Estimated Value
$1,689,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,140
Avg. Annual Appreciation
1.04%
Original Mortgage
$1,061,000
Outstanding Balance
$1,056,390
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$632,750

Purchase Details

Listed on
Mar 13, 2018
Closed on
Jul 13, 2018
Sold by
Estate Of Mitchell S Dorfman and Gary Dorfman As Executor
Bought by
Mandy Li As Trustee and The Mandy Li 2006 Trust
Seller's Agent
Michael Franco
Compass
List Price
$1,795,000
Sold Price
$1,800,000
Premium/Discount to List
$5,000
0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.06%
Original Mortgage
$1,200,000
Interest Rate
4.5%
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 Buyer Sale Price Title Company
Park Sang Ho $1,675,000 --
Mandy Li As Trustee $1,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Sang Ho $1,061,000
Previous Owner Mandy Li As Trustee $0
Previous Owner Mandy Li As Trustee $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2025 04/03/25 Sold $1,675,000 -4.3% $1,441 / Sq Ft
07/26/2024 07/26/24 Price Changed $1,750,000 -2.7% $1,506 / Sq Ft
05/01/2024 05/01/24 For Sale $1,798,000 -0.1% $1,547 / Sq Ft
07/13/2018 07/13/18 Sold $1,800,000 +0.3% $1,549 / Sq Ft View Prior Sale
06/13/2018 06/13/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $1,795,000 -- $1,545 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $17,370 $140,787 $8,519 $132,268
2024 $17,370 $138,935 $8,519 $130,416
2023 $16,637 $135,622 $8,519 $127,103
2022 $14,682 $150,382 $8,519 $141,863
2021 $17,458 $146,022 $8,519 $137,503
2020 $15,452 $163,427 $8,519 $154,908
2019 $14,092 $160,414 $8,519 $151,895
2018 $16,067 $161,615 $8,519 $153,096
2017 $14,492 $132,848 $8,519 $124,329
2016 $13,521 $132,519 $8,519 $124,000
2015 $6,219 $124,462 $8,519 $115,943
2014 $6,219 $117,030 $8,519 $108,511
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10968082

Real Estate Board of New York (REBNY)

APN: 0774-1059