5 of NYC's Highest-Profile Office-to-Condo Conversions
Last week it came out that a portion of the Citgroup Building in LIC, the tallest building in the boroughs outside of Manhattan, could be converted to condos. Here’s a look at some of the highest profile office-to-condo conversions in the city in the works or recently opened.
1. Barclay Vesey Building
Originally Opened: 1927
Former Use: Originally the home of the New York Telephone Co, it was the longtime home of Verizon Communications’ corporate HQ.
Damaged during 9/11: The building was hit by debris from the collapsing World Trade Center towers and a restoration effort reportedly cost over $1B.
Original architect: Ralph Walker
Conversion developer: Ben Shaoul’s Magnum Real Estat
Landmarked: Yes (since 1999)
Unit pricing: The first units hit the market last month, ranging from a $3.2M 2 BR to an $11.5M 4 BR.
1. 20 Pine Street
Originally opened: 1928
Former use: It was originally the HQ of the Morgan Guaranty Trust Co.
Original architect: Graham, Anderson, Probst & White
Conversion developer: Shaya Boymelgreen and Africa Israel USA
Landmarked: No
3. 101 Wall St (formerly 99 Wall St)
Originally opened: 1931
Conversion developer: The Claremont Group
Landmarked: No
Unit pricing: TBA
4. The Sony Building
Originally Opened: 1984
Former Use: Sony Corp of America had its HQ there until 2013.
Original architects: Philip Johnson and John Burgee
Conversion developer: Chetrit Group
Landmarked: No
Unit pricing: In February the tri-plex penthouse reportedly asked a record-destroying $150M.
5. The Woolworth Building
Originally Opened: 1913
Original architect: Cass Gilbert
Conversion developer: Alchemy Properties is converting the top 30 floors.
Landmarked: Yes (since 1983)
Unit pricing: The five-story penthouse will reportedly ask $110M, while smaller units will start around $4M.
