The Real Deal New York

Locals angered by renovation plans for Chelsea’s oldest house

Banker Ajoy Kapoor wants to create "megamansion" at 404 West 20th Street

404 West 20th Street sold last year for $6.5 million.

From Luxury Listings NYC: Community Board 4 members were up in arms last week over a proposed plan to turn the oldest home in Chelsea into a “megamansion.” Banker Ajoy Kapoor, who founded the private equity firm Saffron Capital Advisors Limited, bought the 1830 townhouse at 404 West 20th Street last year for $6.5 million, and has since submitted an extensive renovation plan to the Landmarks Preservation Commission. [more]