New York (Chelsea), NY, 10001 | $6,250,000

First time available 3 bedroom, 3 bathroom penthouse duplex with 270 square foot private rooftop terrace available in the highly sought-after Chelsea Mercantile - Chelsea's premier prewar condominium! This penthouse is located in the coveted wing of the original prewar building which features higher ceilings. PHO is a stunning corner unit spread over 2, 500 square feet and boasts sweeping southern and eastern views of Manhattan. The penthouse is currently configured as a gracious 2-bedroom split layout with oversized living and dining rooms that flow seamlessly with multiple sitting areas. A gourmet chef's kitchen that has been expanded to provide additional space completes the main living area.

With prewar details found throughout, the penthouse has nearly 11 foot soaring ceilings, beautiful hardwood floors, working wood-burning fireplace, motorized shades and gallery lighting throughout the home as well as 15 oversized windows to further accentuate the space. The open kitchen has top-of-the-line appliances including a subzero refrigerator, a separate subzero wine refrigerator, vented Viking range and grill, Viking warming drawer, Miele dishwasher, two over-sized stainless steel sinks with custom wood cabinetry, granite countertops, abundance of storage and an island with a breakfast bar.

The enormous primary suite has a massive dressing room and an en-suite bath with radiant heated marble floors, fixtures by Waterworks and a large walk-in shower with a rainwater shower head. On the other end of the apartment - perfectly separated for privacy - the large secondary bedroom complete with captivating south facing views also comes equipped with a large dressing room and an en-suite bath. There is a third full bathroom for guests that could be dedicated to a third bedroom.

Ascending up the bespoke staircase to the upper level of the duplex, the approximately 270 square foot private rooftop terrace is suitable for enjoying dining alfresco and breathtaking sunsets. No detail was spared in this stunning penthouse that offers impeccable sweeping city views, a wood-burning fireplace, new sound system and washer/dryer. Private stoarge transfers with the unit.

In the heart of Chelsea, the Chelsea Mercantile condominium has a 24-hour full-time doormen, a complete 10, 000-square-foot roof deck, concierge, cold storage, package room, conference room, new state of the art gym, playroom, parking with direct elevator access and a Whole Foods at the retail level. This convenient downtown location is near all major neighborhoods and trains, minutes away from to Madison Square Park, Hudson Yards, Chelsea Piers, The Highline, Midtown and West Chelsea. Pets are welcome. Very reasonable Common Charges.

Features

  • Town: New York
  • Levels: 19
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Building Other,In Unit
  • Complex: Chelsea Mercantile
  • Year Built: 1908
  • Common Charge: $4,964 Monthly
  • Approx Sq. Feet: 2,502
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20013050
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/RLS20013050/2527thavenue_newyork_ny?source=qrflyer
Copyright © 2025  The Real Estate Board of New York, Inc., All rights reserved
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 Douglas Elliman Real Estate   Phone: (212) 891-7000

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Chelsea), NY, 10001

$6,250,000

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 $5,000,000 $5,000,000 $5,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.625% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.727% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $28,389 $32,016 $42,193
Total Monthly Payment $28,514 $32,141 $42,318

* 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.