**Feil Partnership Plans Midtown Office-to-Condo Conversion**
The Feil Organization, in collaboration with joint venture partners Lloyd Goldman and the Nakash Family, has announced plans to convert the historic 140 West 57th Street building into a luxury residential property. The 14-story office building will be transformed into a 47-unit condominium development with construction scheduled to begin in spring 2025. The project is expected to be completed by the fourth quarter of 2026.
The development team recently secured a $65 million construction loan from Deutsche Bank to finance the conversion. Corcoran Sunshine Marketing Group will lead sales and marketing efforts for the project.
“Located within the desirable 57th Street corridor, 140 West 57th Street 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, the building was originally constructed in 1908. The landmarked neo-Gothic façade will be preserved as part of the renovation, with MdeAS Architects overseeing the architectural conversion.
This redevelopment demonstrates ongoing momentum in repositioning office assets for residential use in prime Manhattan corridors.
