Listing Courtesy of Howard Hanna NYC
$1,395,000
Potential Rebate: $20,925
Now available on what is most likely the most coveted floor of the Chelsea Mercantile, this authentic loft residence features soaring 12.7-foot ceilings (highest in the building), freshly refinished floors, tall east-facing windows, and an exceptional sense of volume that is rarely found.
This true loft offers a flexible, open layout with a smartly integrated kitchen, stainless steel appliances, and generous storage throughout. The ceiling height presents a unique opportunity to add a custom mezzanine, perfect for a home office or additional sleeping area.
The bedroom is spacious, quiet, and well-proportioned, with a full wall of closets and room for a king-sized bed. It offers a tranquil retreat in the heart of Chelsea.
Chelsea Mercantile is one of the neighborhood’s most iconic full-service condominiums, offering white-glove service, a newly renovated lobby, on-site parking, a well-equipped gym, children’s playroom, laundry room, and Whole Foods directly in the building. The building’s expansive roof deck is currently undergoing a high-end renovation to resort standard.
Located in prime Chelsea near Madison Square Park, top restaurants, shops, and major subway lines (N, R, W, F, M, 1, E, and C), this is an opportunity to own a piece of classic New York City loft living and experience refined for modern life.
Pets welcome
$9,087 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$20,925
Monthly savings impact
$58/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 Howard Hanna NYC
Data Source: TRESTLE #RLS20022552

Compare average listing prices and value metrics for 252 7th Avenue 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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