232 West 29 Street
Chelsea, Manhattan
Parcel ID (BBL): 1007780057
Owner: Prospect Ridge
Acquired: November 18, 2024, $59.8 million
Debt: November 18, 2024, $51 million
Built: 2005
SF: 71,541
Dwelling units: 0
No. of buildings: 1
Class: Transient Occupancy-Midtown Mn Area (H3)
Floors: 13
Transactions:
• Prospect Ridge borrowed $51 million from First-Citizens Bank & Trust Company for 232 West 29th Street, Chelsea, Manhattan on November 18, 2024.
• KSL Capital Partners and Hersha Hospitality Trust sold 232 West 29th Street, Chelsea, Manhattan for $59.8 million to Prospect Ridge on November 18, 2024.
• KSL Capital Partners borrowed $50.1 million from Wells Fargo and Citibank for 232 West 29th Street, Chelsea, Manhattan on December 13, 2023.
• Hersha Hospitality Trust borrowed $26.2 million from Citibank for 232 West 29th Street, Chelsea, Manhattan on December 13, 2022.
• Hersha Hospitality Trust borrowed $51.3 million from Citibank for 232 West 29th Street, Chelsea, Manhattan on July 24, 2020.
Development:
• Sam Chang filed new building job 103504021 for J-1 building with 211 apartments in Chelsea, Manhattan, on July 02, 2003.
• HHM Hotels filed major alteration job M01302250 for 8,216 sqft J-1 building with 215 apartments in Chelsea, Manhattan, on November 17, 2025.
• Andon Iksino filed alteration job M01381302 for 1,400 sqft building with 211 apartments in Chelsea, Manhattan, on April 03, 2026.
• Ashish Parikh filed alteration job 122872230 for J-1 building with 211 apartments in Chelsea, Manhattan, on August 23, 2016.
• Sam Chang filed alteration job 104548679 for building in Chelsea, Manhattan, on September 18, 2006.
• Sam Chang filed alteration job 104548688 for building in Chelsea, Manhattan, on September 18, 2006.
• Sam Chang filed alteration job 103906427 for building in Chelsea, Manhattan, on September 01, 2004.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received $3,125 in OATH penalties in the last year.