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$2,650,000
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Property Description
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.
Full Property Details
Full Property Details for 252 7th Ave #5R
General
- Price: $2,650,000
- HOA FEE: $2,024/month
- Taxes: $28,800
- Status: Active
- Type: Apartment
- Source: REBNY
- MLS ID: RLS20088645
- Updated: 5/5/2026
- Added to Site: 14 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Entrance Foyer, Soaking Tub, Walk-In Closet(s)
- Appliances: Cooktop, Dishwasher, Refrigerator
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Building Washer Dryer Install Allowed, Building Multiple Locations, Common On Floor, Common Area, In Unit
Additional Information
- Security/Safety: Security Guard
Exterior
- Exterior Features: Building Courtyard, Building Garden, Building Roof Deck, Private Outdoor Space Under 60 Sqft
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Parking Features: Garage, Valet
Location
- County: New York
- Subdivision: Chelsea
- Building Name: Chelsea Mercantile
Community
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Structural Information
- Structure Type: Mixed Use
- Stories/Levels: 19
- Square Feet: 2,269
- Living Area: 2,269 Sq. Ft.
- Year Built: 1908
- Other Struct. Feat.: Bike Storage, Common Playroom, Concierge, Elevator(s), Fitness Center
Lot Features
- Lot Dimensions: 197.500000 x 250.000000
Financial Considerations
- Association Fee: $2,024
- Assoc Fee Freq.: Monthly
- Tax Amount: $28,800
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 0774-1083
- Block: 774
- Lot Number: 1083
Listing Courtesy of Compass
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Schools
Schools serving 252 7th Ave #5R
School District:New York City Geographic School District 02
| Name | Grades | Distance |
|---|---|---|
PS 11 Sarah J Garnett Elementary School (The) 320 West 21st Street, New York, NY 10011 | K-5 | 0.3 mi |
Middle 297 75 Morton St, New York, NY 10038 | 6- | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 252 7th Ave #5R
Date
Details
Price
Change
Source
5/05/2026
Listed
$2,650,000
3.92%
MLS
9/28/2011
Sold
$2,550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 252 7th Ave #5R
Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,924
—
$233,922
1%
2025
$28,924
1%
$231,388
—
2024
$28,547
2%
$231,434
4%
2023
$27,867
-5%
$222,898
-10%
2022
$29,400
2%
$247,156
3%
2021
$28,693
-7%
$239,990
-11%
2020
$30,783
7%
$268,595
2%
2019
$28,768
8%
$263,643
-1%
2018
$26,667
10%
$265,617
22%
2017
$24,178
6%
$218,338
—
2016
$22,722
7%
$217,797
6%
2016
$21,301
12%
$204,555
6%
2015
$18,976
14%
$192,342
7%
2013
$16,707
—
$180,540
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 252 7th Ave #5R
252 7th Avenue #5R, New York, NY 10001 (MLS# RLS20088645) is a Apartment property with 2 bedrooms and 2 full bathrooms. 252 7th Avenue #5R is currently listed for $2,650,000 and was received on May 05, 2026. Want to learn more about 252 7th Avenue #5R? Do you have questions about finding other Apartment real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.

