The Real Deal New York

NJ investor planning 15-story Chelsea apartment building

Plans would require zoning approval from Board of Standards and Appeals

May 13, 2015 11:36AM
By Rey Mashayekhi

142 West 29th Street

142 West 29th Street in Chelsea

New Jersey-based investor Hasso Gulrajaney has filed plans for a new 15-story residential building at 142 West 29th Street in Chelsea, according to a permit application filed with the city’s Department of Buildings Wednesday.

Gulrajaney, affiliated with Ratna Realty LLC, has owned the property, located between Sixth and Seventh avenues, for more than two decades. Plans call for 37 apartments across 26,690 square feet, as well as 3,209 square feet of commercial space on the ground floor. The filing does not specify whether the units would be rental or condos.

The proposed development runs “contrary” to city zoning rules, however, and will require approval from the city’s Board of Standards and Appeals, according to the filing. Demolition permits have yet to be filed for the existing two-story retail building on the site.

The building would house two apartments on the second floor and three units on each of the third through 13th floors. A single duplex would be divided between the 14th and 15th floors, while the rooftop would feature a residential recreation space.

Neither Ratna Realty nor Concept Design Group, the architect of record, could be reached for comment.