Welcome to Penthouse G at the Chelsea Mercantile, a dramatic 3 bedroom, 3 bathroom duplex with open northern and southern views of the Manhattan skyline and a huge terrace directly off of the main living space. This trophy home is a seamless blend of over 2500 interior and exterior square feet perched high above one of Chelsea’s preeminent full-service condominiums. Upon entering the home you are greeted by a voluminous open floor plan of grand entertaining spaces and outdoor living. The living room is 30’ wide with four oversized windows offering views of the Empire State Building, Hudson Yards and the northern skyline. The renovated open kitchen is fully vented which features custom millwork and cabinetry, a large island with seating for four, high end appliances including a wolf range and speed oven, Viking refrigerator, and Miele dishwasher. The main terrace is over 42’ wide and offers unobstructed Manhattan views. The space has been customized and professionally landscaped to be an outdoor sanctuary away from the city as well as an amazing venue for entertaining. There are mature trees with irrigation, built in electric space heaters, a custom outdoor kitchen by Kalamazoo with refrigeration, cabinetry and plumbed gas grill. The upper level of PH-G has two large bedrooms; both of which are large enough to be the primary suite. The northern suite is 16’X 15’ has its own private terrace and a spacious ensuite bathroom with a large stall shower, skylight, and radiant heated floors. The south facing bedroom has an ensuite bathroom with a skylight, heated floors and stall shower. Generous in size at nearly 15’X15’, the second bedroom has open views to the south through three large tilt and turn windows overlooking the iconic skyline, New York Harbor and the Statue of Liberty. The home’s third bedroom rounds out the downstairs portion of the home. Additional features of PH-G include a private storage room, in-unit washer/dryer and smart features by Control 4 for HVAC, sound system, and AV. The Chelsea Mercantile is one of the neighborhood’s most desirable pre-war condos. Building amenities include a 24-hour doorman and concierge, new lobby renovations, a 10, 000-square-foot roof deck with unparalleled views of the city, a fully equipped gym, a children’s playroom, housekeeping and dry cleaning services, parking located on the lower level and a Whole Foods Market in the retail space of the building. The building is superbly run and financially sound with extremely low common charges and real estate taxes. Well situated in the heart of Chelsea, this address is also moments away from Flatiron, Madison Square Park, Nomad, the High Line and the Meatpacking District. Taxes reflect Co-op / Condo Primary Residence Abatement. Special Assessment: $1, 171. 60 (ending June???????????????????????????????????????? 2025)
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William Raveis Mortgage, LLC
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Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $4,763 | $4,763 | $4,763 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,295 | $22,754 | $30,867 |
Total Monthly Payment | $26,183 | $27,642 | $35,755 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.