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5 of NYC's Highest-Profile Office-to-Condo Conversions

New York
    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

    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

    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)

    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

    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

    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.

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