Estimated payment $15,329/month
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.
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
About The Chelsea Mercantile
Home Values in the Area
Average Home Value in this Area
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 |
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)
MLS Number: RLS20060174
APN: 0774-1126
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