252 Seventh Avenue, #5B, New York (Chelsea), NY, 10001 | $1,750,000

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 of $871 through June 2025 for upgrading the elevators and renovations to the incredible city view roof deck.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 19
  • Amenities: Bike Room; Garage; Courtyard; Garden; Fitness Room; Laundry Room On Every Floor; Valet; Nursery; Lounge; Roof Deck; Private Storage;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: InUnit,InBasement,OnCommonFloor
  • Complex: Chelsea Mercantile, The
  • Year Built: 1907
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Private Courtyard : Yes
  • Building Access : Elevator
  • Service Level: Full Service
  • Doorman: FullTime
  • OLR#: PRCH8361777
  • Days on Market: 196 days
  • Website: https://www.raveis.com
    /prop/PRCH8361777/252seventhavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Level

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

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252 Seventh Avenue, #5B, New York (Chelsea), NY, 10001

$1,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

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 $1,400,000 $1,400,000 $1,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,840 $8,620 $11,626
Total Monthly Payment $7,965 $8,745 $11,751

* 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.