The Feil Organization along with joint venture partners Lloyd Goldman and the Nakash Family unveiled plans to convert 140 W. 57th St., a 14-story office building, into a 47-unit luxury condominium. The development team recently closed on a $65-million construction loan from Deutsche Bank.
Construction is anticipated to begin in spring 2025, with completion projected for the fourth quarter of 2026. Corcoran Sunshine will lead sales and marketing for the project.
“Located within the desirable 57th Street corridor, 140 W. 57th St. is in the ideal location for a residential conversion,” said Brian Feil, principal at the Feil Organization. “Given the strength of the joint venture sponsorship, we are confident that we will deliver an impactful redevelopment that is well-received by the market.”
Located in Midtown Manhattan between Sixth and Seventh avenues, 140 W. 57th was originally completed in 1908. MdeAS Architects will oversee the conversion project, which will preserve the landmarked property’s gleaming neo-Gothic façade.
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