A large blaze early Tuesday ripped through what was going to be a multimillion-dollar condo building in Chelsea, putting the structure at risk of collapsing, fire officials said in a New York Daily News report.

The five-alarm fire closed several streets around the structure at 221 W. 17th St. as about 200 firefighters tackled the inferno on the fourth, fifth and sixth floors, according to the article, which added that four neighboring buildings have been evacuated.

Numerous fire trucks were still on the scene as of 9 a.m. Tuesday morning along with the city's Department of Buidlings. Smoke, which, according to NBC New York could be smelled as far away as Queens at one point, still permeated the air as officials inspected the scene.

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"At this time, the building is in major danger of collapse," FDNY chief James Leonard said to Pix 11. "We are keeping people away from this building. This is going to be an extended operation," he was quoted in the article, which added that a collapse zone has been set up.

There were no reports of injuries related to the fire first reported to authorities at about 2:55 a.m., officials stated in the Daily News article, which added that it’s not clear what sparked the fire.

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The building appeared to be the Dorian, the Daily News claimed, a renovation project that was going to expand the structure to 10 stories with multi-million dollar condos, the Real Deal reported in May . Construction was expected to wrap up by the end of 2016, and units inside the building were being offered at between $3 million and $6.4 million. 

The New York Post reported that Seventh Avenue is closed from West 23rd Street to the teens. 

-With additional reporting by Cristabelle Tumola