Churchill Real Estate submits $53.7M condo plan with 21 units in Chelsea

Churchill Real Estate Holdings, on February 22, submitted a condominium plan for 40 residential units and one commercial unit at 435 West 19th Street in Chelsea, Manhattan.

The condo plan, CD220041, has a sellout price of $53.8 million listed with the New York State Attorney General. Sorabh Maheshwari and Justin Ehrlich, founders of the firm, are listed as members on the plan.

Renderings of the development can be seen below.

The previous owner of the site, Six Sigma, had planned to convert the building to a six-unit condominium. However, the developer filed for bankruptcy twice with over $40 million in debt after purchasing the property for $21 million in 2014, ultimately leading to Churchill taking over the project.

The current DOB plans call for a conversion of the 76-foot tall, five-story, photo studio to a 119-foot tall, eight-story condominium. The plans only mention 19 apartment units.