Shahab Karmely is in contract to buy the 7-story, 217,549-square-foot commercial building at 443 Greenwich Street with the intention of eventually converting it to condominium apartments.
The building, which has a prime TriBeCa location just south of Canal Street, is fully occupied and takes up most of the block bounded by Greenwich, Desbrosses and Vestry Streets and a private alleyway with easement to the east. One of its existing commercial tenants is the TriBeCa Film Festival.
The impressive red-brick building has arched windows on all its floors except the top floor. It has a private vehicle entrance through high archways from Desbrosses and Vestry Streets leading to a very large interior courtyard.
The property was offered for sale by Eastern Consolidated on behalf of a private client for about $600 a square foot, which translates to about $120 million, according to Peter Hauspurg, chairman of Eastern Consolidated.
Mr. Karmely and RFR Realty recently were the sponsors of the conversion of the former Christie's East auction house building at 219 East 67th Street to residential condominium apartments. Mr. Karmely is also renovated the office building at 232 Madison Avenue.
A residential conversion of the building, which has two exposed rooftop watertanks, will require a special permit.
The building, which has a prime TriBeCa location just south of Canal Street, is fully occupied and takes up most of the block bounded by Greenwich, Desbrosses and Vestry Streets and a private alleyway with easement to the east. One of its existing commercial tenants is the TriBeCa Film Festival.
The impressive red-brick building has arched windows on all its floors except the top floor. It has a private vehicle entrance through high archways from Desbrosses and Vestry Streets leading to a very large interior courtyard.
The property was offered for sale by Eastern Consolidated on behalf of a private client for about $600 a square foot, which translates to about $120 million, according to Peter Hauspurg, chairman of Eastern Consolidated.
Mr. Karmely and RFR Realty recently were the sponsors of the conversion of the former Christie's East auction house building at 219 East 67th Street to residential condominium apartments. Mr. Karmely is also renovated the office building at 232 Madison Avenue.
A residential conversion of the building, which has two exposed rooftop watertanks, will require a special permit.
Related Articles
Future New York
What's old is new again: Mass timber construction in NYC as Timberburg readies to launch sales
Tuesday, June 16, 2026
Future New York
Making an Entrance: Top NYC Buildings with Porte-Cocheres and Dramatic Driveways
Wednesday, June 3, 2026
Get To Know
What to know about Legionnaires' disease and NYC's cooling towers
Friday, July 24, 2026
Future New York
Views, Light, and Value: A Q&A with Kayla Lee on what today’s NYC buyers really want
Friday, July 24, 2026
Future New York
Flurry of new condos coming to Chelsea include redevelopment of the Corlears School
Friday, July 24, 2026
Future New York
Price Cuts: Four-bed at The Dakota slashed by $3.8M; Majestic 30-foot-wide Brooklyn Heights house trimmed by $500K
Wednesday, July 22, 2026
Get To Know
Selling a home in NYC? Everything you need to know about capital gains taxes
Wednesday, July 22, 2026
Future New York
Greenwich Village leads nearly $700M in Manhattan sales; Tribeca penthouse tops the week at $13.25M
Wednesday, July 22, 2026
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.
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
