Centurion Realty is considering converting the upper floors of the 10-story building at 743 Fifth Avenue between 57th and 58th Streets to residential condominiums.
It acquired the 20-foot-wide property for about $28 million about a year ago from Ermenegildo Zegna, which moved to 663 Fifth Avenue and its retail space in the building was recently taken over by Gilan Jewelry Corporation.
The building is across the avenue from Bergdorf Goodman, just to the north of the Louis Vuitton store on the northeast corner of Fifth Avenue and 57th Street, and just to the south of the former Squibb Building at 745 Fifth Avenue.
It has a limestone facade with a stringcourse with vases above the second floor, a decorative balcony on the seventh floor, and arched windows on the eighth floor.
Ralph Tawil, a principal of Centurion Realty, told CityRealty.com today that a residential condominium conversion of the upper floors was "possible" and that those floors were now vacant. He said he did not know how many apartments might be created.
Centurion Realty owns numerous properties in the city including the 800,000-square-foot office building at 1440 Broadway, the 365,000-square-foot office building at 350 Madison Avenue, and 800 Second Avenue. Centurion is a family-owned real estate management and development firm and owns more than 50 properties with a total of about 4 million square feet.
In addition to its Manhattan properties, it owns a 1-million-square-foot office complex in New York City, and retail centers in Jersey City, New Jersey, and Palm Harbor, Florida, and an office building in Detroit and properties in Boston.
It acquired the 20-foot-wide property for about $28 million about a year ago from Ermenegildo Zegna, which moved to 663 Fifth Avenue and its retail space in the building was recently taken over by Gilan Jewelry Corporation.
The building is across the avenue from Bergdorf Goodman, just to the north of the Louis Vuitton store on the northeast corner of Fifth Avenue and 57th Street, and just to the south of the former Squibb Building at 745 Fifth Avenue.
It has a limestone facade with a stringcourse with vases above the second floor, a decorative balcony on the seventh floor, and arched windows on the eighth floor.
Ralph Tawil, a principal of Centurion Realty, told CityRealty.com today that a residential condominium conversion of the upper floors was "possible" and that those floors were now vacant. He said he did not know how many apartments might be created.
Centurion Realty owns numerous properties in the city including the 800,000-square-foot office building at 1440 Broadway, the 365,000-square-foot office building at 350 Madison Avenue, and 800 Second Avenue. Centurion is a family-owned real estate management and development firm and owns more than 50 properties with a total of about 4 million square feet.
In addition to its Manhattan properties, it owns a 1-million-square-foot office complex in New York City, and retail centers in Jersey City, New Jersey, and Palm Harbor, Florida, and an office building in Detroit and properties in Boston.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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