$2,325,000

Estimated payment $15,329/month

1 Bed
2 Baths
1,563 Sq Ft
$1,488 Price per Sq Ft

Highlights

  • 49,375 Sq Ft lot
  • 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
  • Elevator

About This Home

You will fall in love with this designer-curated loft spanning 1,563-square-feet at The Chelsea Mercantile, a home where historic industrial architecture is mixed with effortless, modern sophistication. This expansive residence is more than a home-it’s a canvas for luxurious living, combining thoughtful craftsmanship with a wonderfully warm, inviting atmosphere. Feel the natural light pouring through oversized, south-facing tilt-and-turn windows, illuminating the open great room with dramatic 11’ ceiling heights and elegant wide-plank oak flooring. Original structural brick columns provide an authentic, textured backdrop. For the art enthusiast, the abundant gallery-style walls are absolutely perfect for showcasing your collection, while custom built-ins and designer lighting add both seamless function and impeccable style throughout. The generous entry foyer welcomes you, setting the tone for the residence's impressive scale featuring an oversized closet ideal for organized living. The pass-through chef's kitchen is appointed with rich cherry cabinetry, granite countertops, and premium stainless steel appliances, including a Bosch dishwasher. A discreet LG washer and dryer adds modern convenience. The dedicated breakfast bar connects the kitchen seamlessly to the spacious loft-like entertaining area, offering a perfect spot for casual dining or morning coffee. Highlights include a custom backlit marble bar, integrated speakers, and zoned HVAC cleverly concealed behind sleek built-ins, ensuring comfort and design continuity. A wide hallway creates a peaceful and private separation between the main sleeping areas and offers exceptional storage with multiple oversized closets.
The tranquil primary suite is a true retreat, featuring a custom California Closet, cozy window seating, a built-in desk, and an opulent en-suite five-fixture bathroom. This spa-like space boasts luxurious limestone finishes, double sinks, a deep soaking tub, and a glass-enclosed shower. The spacious interior room offers generous proportions, custom cabinetry, and refined lighting design, making it a highly flexible space perfect for an office, den, media room, or guest sleeping area. A second full bath and additional hallway closets complete the layout. For added convenience, a large private storage unit is also located right on the floor.
Located in the vibrant heart of Chelsea, one of Manhattan’s most dynamic and desirable neighborhoods. The Chelsea Mercantile is a landmark pre-war building (c. 1908) that provides full-service, white-glove living with a spectacular suite of amenities, including a 24-hour doorman and concierge, a state-of-the-art fitness center, a children's playroom, and a sprawling 10,000-square-foot landscaped roof deck with panoramic city views. Best of all, a Whole Foods Market is located right on the ground floor, making daily errands effortless. The location offers unmatched access to the city’s best dining, shopping, and cultural institutions, including The High Line and Madison Square Park. Transportation is simple, with multiple subway lines just steps away, including the 1, C, E, F, and M trains, along with the PATH train at 23rd Street. This is a distinctly unique loft—a home designed to be the perfect backdrop for your most cherished moments and your most prized artistic possessions.

Listing Agent

Nicole Gary

Keller Williams NYC License #10301211035 Listed on: 10/09/2025

Keller Williams NYC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,664

Year Built

  • Built in 1907

HOA Fees

  • $1,353 Monthly HOA Fees

Home Design

  • 1,563 Sq Ft Home
  • Entry on the 7th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7501 / 00774

Community Details

Overview

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

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,664

Year Built

Built in 1907

Lot Details

0

HOA Fees

$1,353 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 7
  • Structure Type: None
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area: 1563.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: No

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Other
  • Green Building Features: Elevator(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1353.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 49375.0
  • 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

Tax Info

  • Tax Block: 00774
  • Tax Lot: 7501
  • Tax Annual: 20664.0

Multi Family

  • Building Area Units: Square Feet

Range of Values:

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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

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 $25,025 $205,187 $12,415 $192,772
2024 $25,025 $202,487 $12,415 $190,072
2023 $19,769 $197,659 $12,415 $185,244
2022 $25,712 $219,170 $12,415 $206,755
2021 $25,142 $212,816 $12,415 $200,401
2020 $22,280 $238,182 $12,415 $225,767
2019 $20,969 $233,791 $12,415 $221,376
2018 $23,552 $235,541 $12,415 $223,126
2017 $21,221 $193,615 $12,415 $181,200
2016 $19,844 $193,136 $12,415 $180,721
2015 $9,146 $181,393 $12,415 $168,978
2014 $9,146 $170,562 $12,415 $158,147
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2025 10/09/25 For Sale $2,325,000 -- $1,488 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20060174

Real Estate Board of New York (REBNY)

APN: 0774-1126