423 West 21 Street

Owner: Sky Management

Acquired: September 19, 2024, $18.5 million

Debt: September 19, 2024, $13.9 million

Built: 1938

Renovated: 1989

SF: 26,800

Dwelling units: 36

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

HPD Ownership Registration Information

Last registered: 2025-08-28 (expires 2026-09-01)

Transactions:

• Sky Management borrowed $13.9 million from ConnectOne Bank for 421 West 21st Street, Chelsea, Manhattan on September 19, 2024.

• Madison Realty Capital sold 421 West 21st Street, Chelsea, Manhattan for $18.5 million to Sky Management on September 19, 2024.

Development:

• Allen Konstam filed major alteration job 123214333 for 28,674 sqft R-2 building with 36 apartments in Chelsea, Manhattan, on March 15, 2018.

• Jonathan Ohebshalom filed alteration job M01349874 for 4,066 sqft RES building with 36 apartments in Chelsea, Manhattan, on March 09, 2026.

• Vesa Naka filed alteration job M00771521 for 26 sqft building with 36 apartments in Chelsea, Manhattan, on May 16, 2023.

• Vesa Naka filed alteration job M00796301 for 1 sqft building with 36 apartments in Chelsea, Manhattan, on November 30, 2022.

• Vesa Naka filed alteration job M00742243 for 1,690 sqft RES building with 36 apartments in Chelsea, Manhattan, on June 29, 2022.

• Vesa Naka filed alteration job M00760254 for 1,690 sqft RES building with 36 apartments in Chelsea, Manhattan, on June 29, 2022.

Violations:

According to city public data, the properties have received $300 in OATH penalties in the last year.

Latest Stories:

• Sky Management pays Madison Realty $18.5M for Chelsea rental, was $21.75M in 2014 (September 19, 2024)