534 West 29 Street
Chelsea, Manhattan
Parcel ID (BBL): 1007000053
Owner: Wisdom Capital
Debt: June 25, 2026, $13.5 million
Built: 2017
SF: 13,427
Dwelling units: 6
No. of buildings: 1
Class: Fireproof (Standard Construction Without Stores) (D3)
Floors: 9
Transactions:
• Wisdom Capital borrowed $13.5 million from Israel Discount Bank for 534 West 29th Street, Chelsea, Manhattan on June 25, 2026.
• Wisdom Capital borrowed $11.5 million from Hakimian Capital for 534 West 29th Street, Chelsea, Manhattan on December 29, 2025.
• Wisdom Capital on August 01, 2025 bought a loan with an original principal of $13 million from Valley National Bank, signed by Harry Yazidjian, secured by 534 West 29th Street, Chelsea, Manhattan, when owned by LENY Group.
Development:
• LENY Group filed new building job 121332673 for 12,339 sqft R-2 building with 6 apartments in Chelsea, Manhattan, on July 19, 2013.
• Juan Cabrera filed major alteration job 103816621 for PUB building in Chelsea, Manhattan, on June 23, 2004.
• Piotr Siwiec filed alteration job M00051070 for building with 6 apartments in Chelsea, Manhattan, on June 07, 2018.
• Piotr Siwiec filed alteration job M00043800 for building with 6 apartments in Chelsea, Manhattan, on May 14, 2018.
• Piotr Siwiec filed alteration job M00031842 for building with 2 apartments in Chelsea, Manhattan, on April 02, 2018.
• Oded Norman filed alteration job 140458314 for R-2 building with 27 apartments in Chelsea, Manhattan, on February 11, 2016.
• Oded Norman filed alteration job 122659694 for R-2 building with 27 apartments in Chelsea, Manhattan, on January 19, 2016.
Litigation:
• Valley National Bank filed a $13 million pre-foreclosure 850126/2024 on April 15, 2024, against LENY Group, Rudy Gabsi and Ran Belinkis at 534 West 29 Street.
Condominium:
• Oded Norman filed plans CD180232 on June 05, 2018 for 6-unit condominium called No. 29 Condominium at 534 West 29th Street.
Violations:
According to city public data, the properties have received $2,960 in OATH penalties in the last year.