$2,700,000
PENDING $250K PRICE DROP

Estimated payment $17,903/month

Total Views 16,846
2 Beds
2 Baths
1,665 Sq Ft
$1,622 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
  • Garage

About This Home

Welcome to Residence 6U at the Chelsea Mercantile — a thoughtfully reimagined home that blends modern upgrades with the timeless character of a pre-war building, all in one of Chelsea’s most sought-after addresses. This one-of-a-kind residence has undergone an extensive renovation by acclaimed designers Workshop DA studio, delivering a masterfully crafted space with meticulous attention to detail. Originally configured as a two-bedroom plus home office, the second bedroom has been opened up, creating a dramatic and versatile layout that can be restored if desired. From the moment you enter inside, the scale of the home is undeniable. Eleven-foot ceilings and a sprawling 35-foot south-facing great room are bathed in natural light from a wall of seven-foot-tall windows, complete with automated blinds. The open-plan layout seamlessly transitions to a chef’s kitchen featuring imported Italian cabinetry, stone countertops, and a full suite of Viking, Sub-Zero, and Miele appliances. Eight-inch-wide plank floors and Venetian plaster columns lend warmth and texture, while gallery-style reveal baseboards and built-in speakers highlight the home’s thoughtful design. The primary suite is a serene retreat, offering a custom walk-in closet and an en-suite bathroom with slab sinks and luxurious finishes reminiscent of a boutique hotel. A separate home office provides flexibility as a private workspace or guest room. Additional features include abundant storage, a suburban-sized washer and dryer, and a cohesive design that merges functionality with understated elegance. Lastly, the apartment comes with a dedicated storage unit. Built in 1908 as a garment factory, the Chelsea Mercantile was transformed into a full-service boutique condominium in 2000, combining historic charm with modern convenience. Residents enjoy 24/7 concierge and doorman service, a fitness center with a yoga studio, a children’s playroom, and a 10,000-square-foot rooftop with panoramic city views. The beautifully reimagined ODA-designed lobby sets the tone for sophisticated living, while Whole Foods on the ground floor offers unmatched convenience. There is an ongoing capital assessment of $335

Listing Agent

Doron Zwickel

CORE Group Marketing LLC License #30ZW0873578 Listed on: 12/02/2024

CORE Group Marketing LLC

Co-Listing Agent

Caleb Nickels

CORE Group Marketing LLC License #10401285932

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,696

Year Built

  • Built in 1907

HOA Fees

  • $1,449 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,665 Sq Ft Home
  • Entry on the 6th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit

Community Details

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

Listing and Financial Details

  • Property Available on 12/2/24
  • Legal Lot and Block 7501 / 00774

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,696

Year Built

Built in 1907

Lot Details

0

HOA Fees

$1,449 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 6
  • Structure Type: None
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area: 1665.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: In Unit

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1449.0
  • 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
  • Available Date: 2024-12-02

Tax Info

  • Tax Block: 00774
  • Tax Lot: 7501
  • Tax Annual: 27696.0

Multi Family

  • Building Area Units: Square Feet

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $27,335 $221,559 $13,405 $208,154
2024 $27,335 $218,642 $13,405 $205,237
2023 $26,683 $213,429 $13,405 $200,024
2022 $28,077 $236,656 $13,405 $223,251
2021 $27,474 $229,795 $13,405 $216,390
2020 $29,475 $257,185 $13,405 $243,780
2019 $27,763 $252,444 $13,405 $239,039
2018 $25,751 $254,334 $13,405 $240,929
2017 $23,150 $209,063 $13,405 $195,658
2016 $21,756 $208,545 $13,405 $195,140
2015 $10,070 $195,866 $13,405 $182,461
2014 $10,070 $184,171 $13,405 $170,766
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2025 09/26/25 Pending -- -- --
09/03/2025 09/03/25 Price Changed $2,700,000 -8.5% $1,622 / Sq Ft
12/02/2024 12/02/24 For Sale $2,950,000 +13.5% $1,772 / Sq Ft
04/30/2022 04/30/22 Sold $2,600,000 0.0% $1,562 / Sq Ft View Prior Sale
02/11/2022 02/11/22 For Sale -- -- --
02/08/2022 02/08/22 Off Market $2,600,000 -- --
09/03/2021 09/03/21 For Sale $2,600,000 -- $1,562 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $2,250,000 --
Deed $2,150,000 --
Deed $2,150,000 --
Deed $2,400,000 --
Deed $2,400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,575,000 Purchase Money Mortgage
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11023388

Real Estate Board of New York (REBNY)

APN: 0774-1102