Jasper Venture Group completes renovation of multi-family property in the heart of Chelsea — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

NEW YORK, New York, May 15, 2022/ Jasper Venture Group/ — 315 West 29th street, a newly renovated 10-unit, 6-story multi-family apartment building in Chelsea and on the border of the booming Hudson Yards redevelopment is ready For rent .

The all-free market creative redevelopment sits between 8th and 9th Avenues and consists of three two-bedroom duplexes and seven one-bedroom apartments with a gallery-style entrance and hallways lined with artwork. Other amenities include a brand new rooftop with resident access and views of the Empire State Building, free rooftop WiFi, fireplaces, laundry facilities, free bicycle storage for tenants, and on-street parking. outdoor bicycles.

“Since Jasper is all about creative redevelopment with the properties we choose to invest in, we were thrilled to add our stamp to a remarkable building in such a unique and desirable neighborhood in New York City. Jasper’s creative touch added an incredible rooftop and a unique art gallery feel to the building’s main hallways.

-Ilio Mavlyanov, Founder and CEO of Jasper Venture Group

The vacant 5,808 square foot apartment building was purchased vacant in August 2021 by Jasper Venture Group with brokers Josh Lipton and Andrew Levine of Invictus Property Advisors. Chelsea 29 LLC with Broker: Havard Iversen of New York Residence sold the property for $6.45 million. Bernhardt Renovation Inc. was the general contractor for the creative redevelopment. They also recently completed a full regut of a similar property in the Morningside Park area owned by Jasper Venture Group.

“We want to find situations where we can renovate or build and bring something completely new to the neighborhood.”

– Ilio Mavlyanov Jasper Venture Group

Nestled in quiet Chelsea, 315 West 29th Street is located within walking distance of NYC landmarks such as Madison Square Garden, Penn Station, Herald Square, The Highline, dozens of Chelsea Art Galleries, Chelsea Piers, Hudson River Park and New York’s Theater District. . The property is close to metro lines A, C & E and metro lines 1 & 2.

The property is also close to the Fashion Institute of Technology (FIT). A priority for Jasper Venture Group is to upgrade properties near universities with a younger vibe to meet the needs of students looking to rent near their school’s campus.

315 West 29th Street was granted free market status in 2017 and has been destabilized by rent regulations through substantial rehabilitation.

About Jasper Venture Group

Founded by Ilio Mavlyanov in 2013, Jasper Venture Group, LLC. is a privately held real estate investment and development company headquartered in New York. The company serves new real estate developments and has acquired redevelopment properties scattered throughout New York’s five boroughs, northern New Jersey, Long Island and several developments in California, including a 15,000 square foot ultra-luxury single-family home at one of the highest points in Beverly Hills. .