In the year 2015, Ilio Mavlyanov and his company, Jasper Venture Group, which specialises in real estate investment and development, they looking for excellent properties in the Manhattan area to purchase. They had the goal of bringing some innovative and creative reconstruction to areas that were in desperate need of it. In 2014, the property located at 364 West 119th Street was put up for auction and was later delivered vacant. Ilio Mavlyanov was able to purchase the property with the assistance of acquisition and development loans from Banco Popular in the year 2015.
Brick row houses were the original structure on the property when it was constructed in 1910. After more than a century, when it was finally put up for auction, the building’s facade had preserved a significant number of the original architectural details. It was important to Mavlyanov and the rest of the Jasper team that the elaborate brickwork and ironwork remain intact while the inside was updated for contemporary living. In 2017, the renovation team did a total gut job on the property located in the Morningside Park region, and in the same year, the Jasper team started working toward their aim of innovative redevelopment.
Giving Renters a Choice of Accommodations
Bernhardt Renovations was contracted by Ilio Mavlyanov’s company to operate as the general contractor for the construction project and to coordinate its execution. The company is a mainstay in high-end real estate development and refurbishment projects all throughout New York City. With Bernhardt managing the renovations, Jasper Ventures Group has seen their most recent residential venture expand from 10 to 14 stunning units with contemporary finishes and open floor layouts in order to provide New York City renters with the best possible value.
When you enter the residence at 364 West 119th Street, which is owned by Jasper Venture Group and managed by JVG, you are greeted by artwork in black and white on the corridor walls that depicts vintage photographs of New York City. This property offers its tenants a warm and inviting interior environment. There is also a pleasant backyard space, a special bike storage place, and additional storage areas that will be gratis to renters who decide to call it home when they move in. This was done as part of the building’s effort to reflect those core values and history of the neighbourhood.