Landmarked Office Building at 140 West 57th Street Set to Expand and Become Apartments

140 West 57th Street, photo by Christopher Bride for PropertyShark140 West 57th Street, photo by Christopher Bride for PropertyShark

The landmarked, Neo-Renaissance office building at 140 West 57th Street is about to become condos, bringing even more pricey apartments to Billionaires’ Row.

Plans were filed last week to convert the 14-story commercial property between Sixth and Seventh avenues to a mostly residential one. A 9,300-square-foot Morton Williams grocery store will remain on the first and second floors. The upper stories would become 34 apartments and 70,885 square feet of residential space.

Typical units would measure a spacious 2,084 square feet. The building would also gain two more floors, which would hold a pair of penthouse duplexes with private terraces.

The building would also have recreation space for future residents on the second floor.

Goldstein, Hill & West Architects applied for the permits.

The property owners, Feil Organization, began booting out creative tenants earlier this year, according to the Post. Interior designer Brian J. McCarthy and Hunter Boots both moved down the block to 57 West 57th Street, and several designers and financial firms have been informed that their leases won’t be renewed.

Feil purchased the 1907 building for $59 million from developer Harry Macklowe in 2009. Then a few months later, Extell began work on the 75-story One57 across the street. Sellers at the staggeringly expensive luxury condo tower have been forced to cut their prices recently, as the market for super high-end apartments in Manhattan has softened. A Chinese billionaire just picked up a three-bedroom on the 62nd floor of the supertall skyscraper for $23.5 million, or 25 percent below its original asking price.

This block is also home to Carnegie Hall, the under construction condo tower at 111 West 57th Street, and a handful of upscale hotels.

Pollard & Steinam Architects designed 140 West 57th Street and its almost identical neighbor at 130 West 57th. The building originally held artist co-ops and features double height windows to bring in northern light, according to its Landmarks designation report. Both buildings were landmarked in 1999, which means the LPC will have to approve any exterior alterations.

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TFC Horizon

3 Comments on "Landmarked Office Building at 140 West 57th Street Set to Expand and Become Apartments"

  1. On market-rates include selling and buying, with building in the plan for space using.

  2. I believe this building is located between Sixth & Seventh Avenues.

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