Chelsea Mercantile | Triple Mint Renovation | Highly Desired Floorplan | 3 Bedroom + Windowed Bonus Room | 3 Full Bath | Grand Entry Foyer | Southern, Western and Northern Exposures | Unobstructed Views of The Chelsea Hotel Apartment Features: • Highly Desired and Largest Floorplan in this Category • Distinct Separation Between Private and Communal Areas • 3 Bedrooms • 3 Full Bathrooms • Grand Foyer • Windowed Home Office/Library/TV Den w/ Floor to Ceiling Rift Grey Oak Pocket Doors • Oversized Windows • Hunter Douglas Remote Controlled Blinds • Open Southern, Western, and Northern Exposures • Amazing Light Year Round • Unobstructed Landmark Views of The Chelsea Hotel • 11’ Ceilings • Espresso Matte Finished Hardwood Floors • W/D in unit • Closets, Closets & Closets!! • 2, 386 square feet Living Room/Dining Room: • 33' x 16' Corner Loft-like Living/Dining Room • 4 Oversized Windows • Open Southern and Western Exposures • Direct views of the Landmarked Chelsea Hotel Kitchen: • Open Kitchen • White Industrial Glass Cabinets - Double Hung to Full Ceiling Height • Premium White Composite Countertops • Storage Galore! • Large Walk-in Pantry • Wine Cooler • S/S Appliances by Subzero, Miele and Viking • Breakfast Bar Primary Bedroom w/ Ensuite 5-fixture Windowed Bath: • Oversized Corner Bedroom • 3 Oversized Windows • Northern and Western Exposures • Custom Walk-in Closet • Ensuite Bath • Free Standing Soaking Tub • Large Western Facing Window • Separate Oversized Walk-in Shower • Double Vanity • Large Scale Tiles • Fixtures are by Vola and Robern Two Additional Large Bedrooms • North Facing • 2 Oversized Windows per Room • Custom Closets Second Full Bath w/ Tub Third Full Bath Functions as an Elegant Powder Room • Clad in Stone Panels • Free Standing Stone Pedestal Sink • Custom Mill-work • Soft yet Dramatic Lighting Private Storage Unit Included Chelsea Mercantile Amenities: • Grand Prewar Lobby w/ Timely Mosaic Décor and Terrazzo Floors • 24hr Doorman/Concierge • Fitness Center • 10, 000 sf Landscaped Roof Terrace (Currently Undergoing a Major Renovation) • Live-in Resident Manager - Full Maintenance Staff • Valet & Maid Services • On-Site Dry Cleaning • Parking Garage - Accessed Directly Through the Main Lobby • Children's Playroom • Conference Room • Whole Foods Market Pet Friendly - Woof! Woof! Meow! Meow! The Chelsea Mercantile was originally built in 1908 as a “woolens manufacturing building” and converted in 2000 to the luxurious condominium building it is today. Conveniently located in the center of Chelsea between Nomad and Hudson Yards, and in close proximity to the world's leading contemporary art galleries of West Chelsea, The Highline Park, Greenwich Village, Union Square, Flatiron, a multitude of restaurants, nightlife, retail, and all public transportation. *All Showings By Appointment Only* Common Charges of $2, 444. 58 include the ongoing capital assessment of $409. 32 Taxes Do Not Reflect 17. 5% Co-op / Condo Primary Residence Abatement. Special Assessment: $1, 369. 80 (Ending June 2025) For Elevator Upgrades and Redesigned 10, 000 sf Common Roof Terrace.
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Our Executive Mortgage Banker:
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$5,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $4,200,000 | $4,200,000 | $4,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.700% | 6.222% | 5.785% |
Monthly Tax Payment | $3,941 | $3,941 | $3,941 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,519 | $25,520 | $34,597 |
Total Monthly Payment | $27,585 | $29,586 | $38,663 |
* 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.