Listing Courtesy of Sothebys International Realty
$2,500,000
Potential Rebate: $37,500
RESIDENCE
Atop one of Chelsea’s premier full-service Condominiums, this expansive 1-bedroom + home office residence offers an exceptional opportunity to experience classic downtown loft living with modern elegance and open city views. Apartment 12Q spans a generous 1,563 SF+ footprint, the home is defined by its soaring 13-foot ceilings, exposed brick details, and a thoughtful layout that balances playful openness with purposeful design.
Anchoring the home is a dramatic and expansive living area — ideal for both entertaining and everyday living — featuring custom built-ins that add warmth and character to the grand scale of the space. These beautiful built-ins feature a stunning and massive "sliding art door" to hide the TV as well as provide a fireplace for a cozy and romantic atmosphere. Hardwood floors run throughout the home adding natural texture and richness.
The enormous, chef-grade kitchen has been sleekly updated with high- end finishes, custom cabinetry, and premium appliances, blending seamlessly into the living and dining area for a clean, contemporary aesthetic that doesn’t compromise on function.
An abundantly-proportioned primary suite offers a quiet, private retreat from the busy city below. This bedroom boasts its own ensuite 5-fixture bathroom, featuring exquisite marble finishes, a double sink, separated bathtub and shower, allowing for a spa-like experience in the comfort of your own home. The separate home office provides exceptional versatility — perfect for a guest room, remote work, or a creative studio.
BUILDING
Set in the prestigious Chelsea Mercantile, an exceptional full-service building, residents enjoy 24-hour doorman and concierge services, attentive staff, and premium amenities, all in the cultural heart of Chelsea. Come home to this gorgeous condominium featuring a striking limestone façade and a beautifully detailed Moroccan-tiled rotunda that sets an elegant tone upon entry. The grand prewar lobby features rich hues and intricate mosaic terrazzo flooring, celebrating its storied past while offering a warm welcome.
Residents enjoy a full suite of luxury amenities including a 24-hour doorman, concierge, laundry valet service, on-site storage, a fully equipped fitness center, a children’s playroom, and a 10,000-square- foot landscaped roof deck with panoramic views stretching to the Statue of Liberty. For added convenience, a parking garage is accessible directly from the lobby, making city living effortless and refined.
Surrounded by world-renowned galleries, the High Line, Hudson Yards, and top-tier dining, this home pairs architectural character with contemporary comfort and urban sophistication.
An extraordinary offering for the refined condo buyer seeking scale, service, and style in one of Manhattan’s most dynamic and engaging neighborhoods.
Please note there is an ongoing $337.32/mo capital reserve assessment for the roof work.
*Represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with their legal or architectural professionals to determine legal use parameters.
$16,133 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$37,500
Monthly savings impact
$104/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Sothebys International Realty
Data Source: TRESTLE #RLS20027402

Compare average listing prices and value metrics for The Chelsea Mercantile against the surrounding Chelsea market.
than the Chelsea price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Chelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.
\nA mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.
\nVibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.
\nC/E, 1, and F/M trains serve the area. Penn Station is at the northern border.
\nThe High Line is the crown jewel. Chelsea Piers offers massive sports facilities.
\nBest for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.

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