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252 7th Avenue 5RNew York, NY 10001

For Sale

$2,595,000

Smart Buyer Rebate $32,438

Apartment 5R is a beautifully appointed two-bedroom, two-bathroom loft with an oversized walk-in closet, offering a seamless blend of timeless New York character and refined contemporary design. Spanning approximately 2,269 square feet, this exceptional residence is located within the iconic Chelsea Mercantile—a highly coveted condominium known for its rich history, full-service amenities, and prime location.

Soaring 11-foot beamed ceilings, classic hardwood floors, and expansive floor-to-ceiling windows create an airy, light-filled atmosphere, complemented by elegant wall moldings, Italian lighting, and integrated sound throughout. With a tranquil western exposure overlooking the courtyard, the home enjoys both abundant natural light and remarkable quiet. A private storage locker is also included.

Originally the headquarters of The National Cloak and Suit Company, the Chelsea Mercantile comprises four interconnected buildings and retains a unique sense of architectural heritage.

A gracious entry foyer leads into a dramatic open-concept living and dining space, anchored by a thoughtfully designed Boffi kitchen. Perfect for entertaining, the kitchen features dual eat-in peninsulas, stainless steel countertops and backsplashes, custom wenge wood and silvered glass cabinetry, and a full suite of premium appliances by Gaggenau, Sub-Zero, and Miele, including a built-in coffee system.

The expansive primary suite offers generous closet space and a serene en-suite bath finished in French limestone, complete with a double vanity, glass-enclosed shower, and a separate soaking tub. The second bedroom includes a large walk-in closet with custom built-ins and its own Boffi en-suite bath with a floating vanity and vessel sink. A dedicated laundry room with a Miele washer and dryer and custom cherry wood cabinetry adds convenience.

Residents of the Chelsea Mercantile enjoy an exceptional array of amenities, including 24-hour door attendants, concierge and valet services, on-site parking, a state-of-the-art fitness center, a children’s playroom, and a beautifully landscaped rooftop terrace with sweeping city views. The building also offers direct access to Whole Foods. Surrounded by some of downtown’s best dining, shopping, and cultural destinations—and just moments from the High Line, Chelsea Market, Eataly, and Madison Square Park—this home is ideally situated near multiple subway lines, including the 1, F, M, C, and E. Pet-friendly.

Capital Assessment of $534.37 a month.

Listed by Ryan Garson

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Compass

·

(561) 405-0945

Listed by Alexandra Rhea

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Compass

Last updated June 14, 2026

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Source: REBNY #RLS20088645

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodChelsea
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu42
  • HOA/Maint. Fees$2,024/month
  • Taxes$28,800/year
  • Size2,269 sqft
  • Price per sqft$1,144

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Pets Allowed
  • Concierge
  • Parking

Location

Mortgage Calculator

Listing History

06/03/2026
Price Decreased
$2,595,000
05/05/2026
Status changed to Active
$2,650,000
05/05/2026
Listed by Compass
$2,650,000

Estimated Closing Costs

Total
$93,578
Attorney Fees
$4,000
NYC Mansion Tax
$32,437
Title Insurance
$11,678
Bank Attorney
$1,500
Mortgage Recording Tax
$39,963
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,595,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 252 7th Avenue 5R

Association

Amenities

  • Pets Allowed: Building Yes
  • Concierge: Concierge Yes, Doorman Full Time

Fees

  • Association Fee: $2,024.00 Monthly

Exterior

Construction

  • Number Of Units Total: 352
  • Stories Total: 19
  • Structure Type: Mixed Use
  • Year Built: 1908
  • Building Name: Chelsea Mercantile
  • Entry Level: 5

Features

  • Building Features: Elevator(s), Fitness Center
  • Patio And Porch Features: Deck

Measurements

  • Lot Size Dimensions: 197
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 0774-1083
  • Tax Annual Amount: $28,800.00

Interior

Features

  • Appliances: Cooktop, Dishwasher, Refrigerator
  • Interior Features: Entrance Foyer, Soaking Tub, Walk-In Closet(s)

Measurements

  • Living Area: 2,269
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 4

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Chelsea
  • Tax Block: 00774
  • Tax Lot: 7501

Parking

Parking

  • Garage: Yes
  • Parking Features: Garage, Valet

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: Common Area, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 252 7th Avenue 5R.

Are pets allowed at 252 7th Avenue?

Yes, 252 7th Avenue allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 252 7th Avenue 5R?

Annual taxes for this condo are estimated at $28,800.

How does 252 7th Avenue 5R compare to other condos in Chelsea?

This condo is listed 47% below the average price for condos in Chelsea and has been on the market for 122 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the Chelsea Mercantile building.

What is the square footage on this condo?

According to the MLS, this listing is 2,269 sqft.

252 7th Avenue 5R is a 2-bedroom, 2-bath condo for sale in New York NY 10001. Available on Prevu for 42 days at $2,595,000. This includes a recent price decrease of $55,000. This property features 2,269 square feet of living space, located in Chelsea. The median listing price for condos in this area is $2,295,000. The home offers private outdoor space, dishwasher, pets allowed, doorman, and parking. Explore more condo listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.