Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,000,000

· Closed December 20, 2024

252 7th Avenue #PHG
Closed For Sale Condo

$4,000,000

$2,099 per sq ft

252 7th Avenue #PHG

Chelsea, Manhattan

MLS® #RLS10981336

RLS at REBNY

Listing by Compass

3

Bedrooms

3

Baths

1,906

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 1,906 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $1,950/mo
Property Taxes $57,156/yr
Parking Garage
Neighborhood Chelsea
Floor 1 of 19

Property Highlights

  • Style: Loft architecture
  • Parking: Private garage
  • Character: Pre-war building (1910)

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 3 Full
Floor 1 of 19
Pets Yes, CatsOk, DogsOk
Year Built 1910
Living Area 1,906 sq ft
Parking Garage Available
Parking Features Garage, Valet
Architectural Style Loft
Furnished Unfurnished
Block/Lot 00774/1354

Listing History

Event Date Price Change
Listed Jan 10, 2024 $4,795,000 -
Price Reduced Sep 3, 2024 $4,500,000 -6.2%
Currently Apr 27, 2026 $4,000,000 -11.1%

Description

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)

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Building Multiple Locations Common On Floor Common Area

Building Information

Building Data View Compliance & Permits
Total Units 352
Stories 19
Style Loft

Financial Details

Common Charges $1,950/mo
RE Taxes $57,156/yr ($4,763/mo)
Original Price $4,795,000
Sale Price $4,000,000
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

309

Median Asking Price

$1.93M

Median $/Sqft

$1,760

Avg Days on Market

N/A

New This Week

21

Price Reduced

33%

Sold (30 Days)

34

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 4/27/26, 1:37 PM EST

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Location

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252 7th Avenue #PHG, Chelsea, New York County

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 $1,950 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $57,156, or roughly $4,763 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 1,906 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 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 $4,000,000 for 1,906 sq ft, the asking price per square foot is approximately $2,099. 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: RLS10981336
First Listed: 1/10/2024
On Market: 1/10/2024
Price Changed: 9/3/2024
Closed: 12/20/2024
Contract Date: 11/28/2023

Listing Courtesy of Compass - Michael Rubin

Listing Contact: (347) 880-0349

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 4/27/2026 at 5:37 PM UTC

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