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Landmarked 57th Street office building will officially become condos

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The 14-story building will get a two-story addition and 34 apartments

The rumors are true. The Feil Organization is in fact going to convert a landmarked office building on West 57th Street a.k.a. Billionaires’ Row into condos, YIMBY reports. Feil had purchased the building from developer Harry Macklowe back in 2009 for $59 million, and rumors emerged in September that Feil was planning to convert the building at 140 West 57th Street into residential units.

The architect that Feil has hired for the project, Goldstein, Hill & West Architects, has now filed plans for the project, which will see the creation of 34 apartments spread out over 70,885 square feet. In addition, the developer plans to add two more floors to the 14-story building, which will hold a couple of duplex penthouses that will come with private terraces. An amenity space for residents will be located on the second floor.

Rumors about the residential conversion emerged when Feil decided not to renew the leases of the existing tenants of the building earlier this year including Hunter Boots. Built in 1907, the building originally housed artists’ studios. The property was converted into offices in 1998, and was proclaimed a New York City landmark the following year.