128 11 Avenue
Chelsea, Manhattan
Parcel ID (BBL): 1006920053
Owner: Legion Investment Group
Acquired: July 25, 2024, $1,000,000
Debt: October 16, 2025, $155 million
Built: 2020
Renovated: 2019
SF: 205,247
Dwelling units: 34
No. of buildings: 1
Class: Semi-Fireproof With Stores (D7)
Floors: 20
Legacy BBLs: 1006920053
Transactions:
• Legion Investment Group borrowed $155 million from Eldridge for 550 West 21st Street, Chelsea, Manhattan on October 16, 2025.
• None sold 540 West 21st Street, 120 11th Avenue, 120 11th Avenue, 120 11th Avenue, 120 11th Avenue, and others, Chelsea, Manhattan for $1,000,000 to None on July 25, 2024.
• Legion Investment Group borrowed $55.8 million from Deutsche Bank for 540 West 21st Street, Chelsea, Manhattan on April 17, 2024.
• Casco Development sold 540 West 21st Street, Chelsea, Manhattan for $87.4 million to Legion Investment Group on April 17, 2024.
• Ray New York LLC on April 14, 2022 bought a loan with an original principal of $50 million from Bank Hapoalim, signed by Steven Caligor|Mimi Vu, secured by 540 West 21st Street, Chelsea, Manhattan, when owned by Casco Development.
Development:
• Marc Lazarus filed new building job 121187820 for 171,800 sqft R-2 building with 34 apartments in Chelsea, Manhattan, on December 26, 2017.
• John Johnson filed major alteration job 102916178 for F-3 building in Chelsea, Manhattan, on November 22, 2000.
• Victor Sigoura filed alteration job M01366899 for 5,000 sqft building with 34 apartments in Chelsea, Manhattan, on March 06, 2026.
• Victor Sigoura filed alteration job M01313785 for 100 sqft building with 34 apartments in Chelsea, Manhattan, on November 14, 2025.
• Victor Sigoura filed alteration job M01292006 for 100 sqft building with 34 apartments in Chelsea, Manhattan, on November 14, 2025.
• Victor Sigoura filed alteration job M01309284 for building in Chelsea, Manhattan, on November 05, 2025.
• Ibraim Redza filed alteration job M01215582 for 1,000 sqft building with 34 apartments in Chelsea, Manhattan, on September 29, 2025.
Litigation:
• Casco Development and Noam Teltch on August 02, 2023, filed a $95.8 million bankruptcy 23-11053-MFW for 540 West 21 Street that has creditor Ray New York LLC.
• Renzo Piano Building Workshop filed a $548,819 lawsuit 652447/2023 against Casco Development on May 19, 2023,seeking a money judgment related to constructionat 540 West 21 Street.
• AAI Architects filed a $395,662 lawsuit 159579/2022 against Casco Development on November 08, 2022,seeking a money judgment related to constructionat 540 West 21 Street.
Condominium:
• Marc Lazarus filed plans CD180304 on July 27, 2018 for 36-unit condominium called 540 West 21st Street Condominium at 540 West 21st Street.
• Marc Lazarus filed plans CD250387 on November 21, 2025 for 119-unit condominium called 550 West 21st Street Condominium at 550 West 21st Street.
Violations:
According to city public data, the properties have received $1,875 in ECB penalties and $3,545 in OATH penalties in the last year.