7 Historic NYC Buildings Reworked Into One-of-a-Form Condos
Historic New York Metropolis buildings remodeling into luxurious condominiums could also be one of many largest actual property traits out there in the intervening time. From Brooklyn to downtown Manhattan to the Higher West Facet, the latest upscale buildings on the town are a throwback to the previous, with former lives as banks, libraries, and malls.
Christopher Totaro, an agent at Warburg Realty, says that historic buildings are ripe for conversion. “Since land is at such a premium in New York in the present day, builders are in search of each sq. inch of actual property they’ll discover, and historic buildings are sometimes it as a result of zoning and landmark preservation legal guidelines don’t enable them to be torn down,” he says. “These buildings additionally assist create a singular story for the rental.”
Following are seven examples.
Designed by famed architect Ralph Walker in 1927, 100 Barclay was as soon as residence to the New York Phone Firm. At this time, Magnum Realty Group has transformed the highest 22 flooring into upscale condos (Verizon workplaces are within the constructing’s decrease portion). Strolling into the Artwork Deco foyer is like stepping again in time: The hand-painted murals depict the historical past of communication, from service pigeons to smoke indicators to early telephones. Facilities for residents embody 4 terraces, a youngsters’s playroom, teen lounge, wine tasting and storage room, and 82-foot lap pool.
Variety of residences: 156
Beginning worth: $4.48 million