The High Line’s 10th Avenue overlook. The new condo at 118 10th Avenue will be on the east side of the street. Photograph by Mike Peel on Wikimedia
A vacant Chelsea development site once owned by the late New York City developer Brandon Miller has sold for $53 million and will become a new condo building. Adirondack Capital Partners on Monday announced that Toll Brothers purchased the roughly 12,000-square-foot parcel at 118 10th Avenue from Benny Barmapov, with plans to build an 85,000-square-foot condominium. Miller had previously planned a 10-story, 100,000-square-foot office building on the site, according to The Real Deal.
Located along 10th Avenue between West 17th and West 18th Streets, next to the High Line, the parcel is considered one of the “most compelling” development opportunities on Manhattan’s West Side, offering significant “zoning flexibility and scale.”
The property, which comprises two adjacent lots, is one of the last mostly undeveloped sites in the immediate area, according to a press release. The new development would rise directly across notable high-end West Chelsea condos One High Line and Lantern House.
Michael Hunter Coghill and Chad Sinsheimer of Adirondack brokered the deal.
“You just don’t see sites like this come up very often along the High Line,” Sinsheimer said. “The combination of size, frontage and zoning, plus its proximity to Chelsea’s main drivers, made this a highly competitive process.”
“This transaction underscores the enduring institutional appetite for well-located development sites in NYC,” Coghill added. “Chelsea has proven itself as a long-term residential and mixed-use destination, and Toll Brothers’ acquisition of 118 10th Avenue reflects the neighborhood’s depth, durability and appeal to best-in-class developers.”
Following his death, Miller was revealed to be in dire financial straits, carrying $34 million in debt while holding just $8,000 in the bank, according to the New York Post. The developer’s death, contrasting sharply with his seemingly picture-perfect lifestyle, sent shockwaves through the city’s real estate scene.
The late developer purchased the leasehold for the site from Barmapov in January 2017 for $21 million, though his plans to construct an office building never materialized. The lease changed hands again in June 2020, when GDS Development and Swedish real estate firm Klövern AB took control, as reported by The Real Deal.
New office building plans stalled again during COVID, and the lease reverted to Miller in December 2023. In early 2024, he stopped paying the ground lease. Just before his death in July of that year, Miller pledged his equity interests in the entity controlling the property to DIA Family Holdings, which later filed for bankruptcy protection.
Barmapov then took the property back, terminated the ground lease, and put the site back on the market in February 2025.
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