New York (Chelsea), NY, 10001 | $2,650,000

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.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 19
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 197.500000x250.000000
  • Laundry: Building Washer Dryer Install Allowed,Building Multiple Locations,Common On Floor,Common Area,In Unit
  • Complex: Chelsea Mercantile
  • Year Built: 1908
  • Common Charge: $2,024 Monthly
  • Approx Sq. Feet: 2,269
  • Est. Taxes: $28,800
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Cooktop,Dishwasher,Refrigerator
  • MLS#: RLS20088645
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/RLS20088645/2527thavenue_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Chelsea), NY, 10001

$2,650,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $2,120,000 $2,120,000 $2,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.349% 6.183%
Monthly Tax Payment $2,400 $2,400 $2,400
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,037 $13,053 $17,890
Total Monthly Payment $14,562 $15,578 $20,415

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.