Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,300,000

· Closed November 29, 2017

252 7TH Avenue #5I
Closed For Sale Condo

$4,300,000

$1,953 per sq ft

252 7TH Avenue #5I

Chelsea, Manhattan

CHELSEA MERCANTILE,

MLS® #RLS10473034

RLS at REBNY

Listing by Sothebys International Realty

3

Bedrooms

3

Baths

2,202

Sq. Ft.

1907

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 2,202 sq ft
Year Built 1907
Ownership Condo
HOA/Common Charges $1,402/mo
Property Taxes $28,188/yr
Parking Garage
Neighborhood Chelsea

Property Highlights

  • Exposure: East,North facing
  • Style: Prewar architecture
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths null Full
Exposure East,North
Pets Yes
Cross Street West 24th Street/West 25th Street
Year Built 1907
Living Area 2,202 sq ft
Parking Garage Available
Architectural Style Prewar
Parcel # 0774-1066

Listing History

Event Date Price Change
Listed Nov 18, 2016 $4,900,000 -
Price Reduced May 3, 2017 $4,500,000 -8.2%
Currently May 10, 2026 $4,300,000 -4.4%

Description

This convertible 3 bedroom is a powerful combination of magnificent proportions and design appeal, the coveted corner "I" line delivers a palatial living and dining room for gracious entertaining, an open chef's kitchen with a breakfast bar, separated winged bedrooms, 3 full baths, approx. 11-foot ceilings, gallery-sized walls for an extensive art collection and beautiful north and east light. Be wowed at "hello" with the residence's grand gallery entry that leads to the approx. 45' expansive great room. The master bedroom boasts en-suite 5-fixture bath with double-sink vanity, soaking tub, glass-enclosed shower and a customized walk-in closet with voluminous storage. The second bedroom has an en-suite bath and a wall of closets. Other features include additional full bath, custom-stained oak hardwood flooring through-out, washer/dryer and a separate storage unit. The "I" line was designed with the option for an additional third bedroom (see alternative floor plan). The architecturally significant Mercantile Exchange Building circa 1907 became The Chelsea Mercantile Condominium in 1999; now one of Chelsea's most sought-after, full-service prewar condominium loft buildings. The unparalleled services and amenities include full-time doorman and concierge, resident manager, valet, on-site laundry services, state-of-the art fitness room, playroom, individual storage rooms, planted roof deck with sweeping downtown Manhattan and Hudson River views and an on-site garage with elevator access. Located in the heart of Chelsea, this exciting neighborhood is home to the best art galleries, retail shopping, top-rated restaurants and the incomparable Whole Foods Market. Rated one of Manhattan's top condominium buildings for its impeccable personal service, stellar management and low monthlies. Whether you are looking for a full-time residence or pied-a-terre, this stunning Chelsea Mercantile loft home is a winner. Showings are by appointment only. Call or e-mail today for a private viewing.

Building Information

Financial Details

Common Charges $1,402/mo
RE Taxes $28,188/yr ($2,349/mo)
Original Price $4,900,000
Sale Price $4,300,000
Previous Price $4,500,000

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

320

Median Asking Price

$1.66M

Median $/Sqft

$1,756

Avg Days on Market

N/A

New This Week

25

Price Reduced

27%

Sold (30 Days)

34

Median Sale Price

$2.02M

Live data from RLS at REBNY • Updated 5/10/26, 9:42 AM EST

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Location

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252 7TH Avenue #5I, Chelsea, New York County • Near West 24th Street/West 25th Street

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
19
Floors
352
Residential Units
C6-3X
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $99,656,998
Land Value: $5,727,592
Exemptions: $60,900

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 49,375 SF
Building Area: 623,668 SF
Built FAR: 12.63
Allowed FAR: 9

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,402 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $28,188, or roughly $2,349 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 2,202 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1907, making it approximately 119 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $4,300,000 for 2,202 sq ft, the asking price per square foot is approximately $1,953. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10473034
First Listed: 11/18/2016
Price Changed: 5/3/2017
Closed: 11/29/2017
Contract Date: 11/18/2016

Listing Courtesy of Sothebys International Realty - Lisa Verdi

Listing Contact: (917) 353-0858

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/10/2026 at 1:42 PM UTC

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