A ten-unit, six-story multifamily apartment building in Chelsea that has just undergone renovation and is now available for rent is located on West 29th street by Ilio Mavlyanov. The building is on the border of the upcoming redevelopment of Hudson Yards. The completely free market creative renovation can be found between the 8th and 9th avenues. It consists of three two-bedroom duplexes and seven one-bedroom flats, each of which has an entryway designed in the form of a gallery and corridors that are decorated with artwork. A brand new rooftop with resident access and a view of the Empire State Building, free WiFi on the rooftop, fireplaces, a laundry space, complimentary bike storage for residents, and outdoor bike parking, are some of the additional amenities that are offered.

Since Jasper is all about the creative renovation with the properties they select to invest in, they were thrilled to add our footprint to a beautiful structure in a one-of-a-kind and sought-after neighborhood in New York City. Their creative input Jasper resulted in a magnificent rooftop and a one-of-a-kind atmosphere resembling that of an art gallery throughout the building’s primary corridors.

Old Property in the new design

In August 2021, Jasper Venture Group collaborated with Josh Lipton and Andrew Levine of Invictus Property Advisors to acquire a vacant apartment building with a total area of 5,808 square feet. The property was sold for $6.45 million by Chelsea, who was represented in the transaction by Havard Iversen of New York Residence. The creative redevelopment was overseen by Bernhardt Renovation Inc., which served as the general contractor. They also recently finished a thorough renovation of a property of the same kind owned by Jasper Venture Group and located in the Morningside Park neighborhood.

They want to identify circumstances where they can restore or develop and offer something completely fresh to the area. they want to discover these scenarios as soon as possible. The local housing authorities in New York City gave their blessing for a new redevelopment in the Morningside Park neighborhood to receive free market status. Ilio Mavlyanov of the Jasper Venture Group is the current owner of the property, and he has been at the forefront of this redevelopment effort ever since the property was purchased. He hopes to preserve the classic architectural significance of the property while also increasing the amount of living space available there, allowing more New Yorkers to call the Morningside Park area home.