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Jasper Venture Group Completes Remodeling of Multifamily Property in the Heart of Chelsea

NEW YORK, Ny, May 15, 2022/ Jasper Venture Group/ — 315 West 29th street, a 10 unit, 6-story multifamily newly remodeled apartment building in Chelsea and on the border of the up and coming Hudson Yards redevelopment is ready to rent.  

The fully 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 entryway and corridors lined with artwork. Other amenities include a brand new rooftop with resident access and a view of Empire State Building, free WiFi on the roof, fireplaces, laundry area, complimentary bike storage for tenants as well as outdoor bike parking. 

“Since Jasper is all about creative redevelopment with the properties we choose to invest in, we were excited to add our footprint to a remarkable building in such a unique and sought-after neighborhood in NYC. Jasper’s creative touch added an amazing rooftop and a uniquely art gallery-like feeling through the building’s main corridors.”

-Ilio Mavlyanov, Founder and CEO of Jasper Venture Group


The 5,808-square-foot vacant 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 L.L.C. 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 the quiet Chelsea neighborhood, 315 West 29th Street is located within walking distance of NYC landmarks like Madison Square Garden, Penn Station, Herald Square, The Highline, dozens of Chelsea art galleries, Chelsea Piers, Hudson River Park, and NYC’s Theater District. The property is close to the A, C & E subway lines and the 1 & 2 subway lines.

The property is also in close proximity to the Fashion Institute of Technology (FIT). A priority of Jasper Venture Group is upgrading properties close to universities with a more youthful vibe to cater to students looking to rent near their school’s campus.

315 West 29th Street gained free market status in 2017 and was destabilized from 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 firm headquartered in New York. The firm serves new real estate developments and acquired redevelopment properties scattered across the five boroughs of NYC, Northern New Jersey, Long Island and multiple developments in California including an 15,000 s/f ultra luxury single family house at one of the highest points in Beverly Hills.

Jasper Venture Group Completes Remodeling of Multifamily Property in the Heart of Chelsea


  1. You don’t wee alot of NYC property catering to the university crowd. They usually get left out in the big bad city, Seems like a smart play for Ilio Mavlyanov and Jasper Venture Group

  2. I live in NYC at 31st and 10th ave at The Eugene and of the remodels that I have seen in the area this very understated redevelopment from Ilio Mavlyanov and Jasper Venture Group is by far the best thought out for the neighborhood. The rooftop area is great too. I can see it from my window.

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