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Three years after the world went on lockdown, new hybrid work habits have gone from a temporary fix to a way of life for many office workers, leaving many to reflect that the empty space could be converted to much-needed housing. One of the furthest along in the process is the McGraw-Hill Building in Hell's Kitchen. Discussions started in October 2022; more recently, building manager Resolution Real Estate announced that work will begin this summer to convert floors 12 to 32 to 224 residential apartments with two floors of amenity space on top. SLCE Architects will design the apartments to feature floor-to-ceiling windows and high ceilings. If all goes according to plan, the residential component's completion is estimated for the second quarter of 2024.
"The McGraw-Hill building is perfectly suited for this type of conversion, with its incredible ceiling heights, access to natural light and open interior floor plans" — Gerard Nocera, Managing Partner, Resolution Real Estate Partners

In addition to a central Midtown location, the McGraw-Hill Building will offer residents the chance to live in a New York City Landmark, having been so designated in 1979. It is easily identifiable for its massive height, blue-green terra cotta facade, and Art Deco design details. In addition to the educational publisher what gave the building its name, it has counted Marvel Comics and Group Health Insurance among its tenants.
Rich history and original design elements are among the factors that draw buyers to listings in converted buildings of all types, from stores to factories to offices. Many listings tout "loft-like interiors," but these homes can truly claim that distinction for their provenance.
The Penny Lane, #110
$525,000
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 750 ft2Former J.M. Horton Ice Cream Factory

The Penny Lane, #110 (Elegran LLC)


The Chocolate Factory, #4C
$749,000
Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 862 ft2Former chocolate factory

The Chocolate Factory, #4C (Corcoran Group)


Belltel Lofts, #8O
$1,100,000
Downtown Brooklyn | Condominium | 1 Bedroom, 2 Baths | 1,062 ft2
Former headquarters of New York Telephone

Belltel Lofts, #8O (Corcoran Group)


Grand Madison, #APT11G
$2,150,000
Flatiron/Union Square | Condominium | 2 Bedrooms, 2 Baths | 1,258 ft2
Former showroom and Brunswick Hotel

Grand Madison, #APT11G (Douglas Elliman Real Estate)


The Clocktower Building, #3L
$2,450,000
DUMBO | Condominium | 1 Bedroom, 2 Baths | 1,655 ft2
Former industrial building

The Clocktower Building, #3L (Sothebys International Realty)


Holtz House, #9F
$2,995,000
Flatiron/Union Square | Condominium | 2 Bedrooms, 2 Baths
Former commercial building

Holtz House, #9F (Compass)


108 Leonard, #8E
$3,250,000
Tribeca | Condominium | 2 Bedrooms, 2.5 Baths | 1,305 ft2
Former New York Life Insurance headquarters

108 Leonard, #8E (Brown Harris Stevens Residential Sales LLC)


49 Chambers Street, #7D
$3,575,000
Tribeca | Condominium | 2 Bedrooms, 2.5 Baths | 2,256 ft2
Former Emigrant International Savings Bank

49 Chambers Street, #7D (Keller Williams NYC)


141 West 24th Street, #6thFloor
$3,895,000
Chelsea | Condominium | 3 Bedrooms, 2.5 Baths | 2,500 ft2
Former industrial loft

141 West 24th Street, #6thFloor (Sothebys International Realty)


The Dietz Lantern Building, #6B
$3,995,000
Tribeca | Condominium | 2 Bedrooms, 2 Baths | 2,100 ft2
Former lamp manufacturer

The Dietz Lantern Building, #6B (Compass)



River Lofts, #3E (Brown Harris Stevens Residential Sales LLC)


The Wren, #5
$6,250,000
Yorkville | Condominium | 4 Bedrooms, 3.5 Baths | 2,569 ft2
Former industrial mechanical shop

The Wren, #5 (OFFICIAL)


111 West 57th Street, #12S
$10,195,000
Midtown West | Condominium | 3 Bedrooms, 4.5 Baths | 3,601 ft2
Former Steinway Hall

111 West 57th Street, #12S (Corcoran Group)


Walker Tower, #19C
$10,950,000
Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 2,270 ft2
Former telephone switching building

Walker Tower, #19C (Sothebys International Realty)


90 Morton Street, #PH9A
$22,500,000
West Village | Condominium | 4 Bedrooms, 3 Baths | 3,675 ft2
Former printing warehouse

90 Morton Street, #PH9A (Modlin Group LLC)


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