A sales launch is on the horizon for Etage, a new boutique condominium located at 214 West 80th Street. The building will contain six full-floor apartments ranging from three bedrooms to a six-bedroom penthouse, and all will have private outdoor space. Residential amenities will include an attended lobby, a state-of-the-art fitness center with dedicated yoga and spinning studios, a spa with sauna, steam room, and cold plunge, a children's playroom, and a landscaped roof terrace with a kitchenette and dedicated lounge spaces. Prices are not yet available, but a spokesperson for Terra Developers, which is at the helm of the project, told Crain's New York Business that they hoped to sell the condos for roughly $11 million each.
While the Upper West Side has seen luxurious residential development in recent years, Etage is not new construction but rather the conversion of a parking garage to residential use. Terra Developers bought the building from its previous owners, who included a member of the Zabar's family, for $10.5 million in February 2025. Renderings show the restoration of some prewar architectural elements, and the original high ceilings and oversized windows will appeal to today's buyers.
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Indeed, as New York City land and development sites get scarcer, it is not uncommon for developers to turn to convert formerly industrial or commercial buildings to residential use. It started with artists living and working in abandoned buildings in the 1970s and 1980s; more recently, zoning changes have made office-to-residence conversions easier than ever. In any era, such conversions frequently include the restoration of original architectural elements amidst the change to residential use, thus assuaging even the staunchest preservationists.
It is also common practice for designers to restore interior elements like exposed brick, wood beams, or cast iron columns, which add instant character to apartments. Indeed, loft apartments were among three of the ten highest-priced contracts signed last week.
Below, we look at recently filed permits for residence conversions on industrial buildings in coveted New York City neighborhoods. And, as these will all be some years away, we also present a selection of loft apartments available for immediate move-in.
Coming Soon
422 West Broadway, Soho
Developer TBA
Design by John Furth Peachy Architects
7 stories | 5 units
Completion estimated for 2027
Developer TBA
Design by John Furth Peachy Architects
7 stories | 5 units
Completion estimated for 2027
On Tuesday, Landmarks will review an application to build a rooftop addition at 422 West Broadway, which the Soho-Cast Iron Historic District Extension's designation report notes was constructed as a store and loft building in 1873-74. A tax photo from 1917 shows signage for Emerman & Baumoehl Co., a paint and varnish manufacturer, and would later house restaurant and retail tenants like the Wine Bar, Vucciciera, and Tag Heuer.
A presentation by John Furth Peachy Architects points out that several rooftop enlargements have been approved in the historic district and extension, and depicts a two-story metal-clad addition with walls of windows. It is visible from several sight lines, but not obtrusively so. The plan also calls for repairing existing masonry and brick, modifying the front door to include new building address numbers, and relocating an existing fire escape's drop ladder.
The Italianate-style building's storefront is currently home to vintage store Rebelonging, and has hosted several pop-up stores on what is now a popular retail stretch in Soho. The upper levels are dedicated to loft apartments, all of which appear to be currently rented, but the proposed rooftop addition is part of a plan for a luxury condominium. Floor plans included in the presentation show full-floor and duplex apartments accessible via a new passenger elevator, and featuring layouts with open kitchens and thoughtful separation of living and sleeping areas.
1181 Broadway, NoMad/Flatiron District
Developed by Alf Naman Development
Design by Bench Architecture (conversion)
13 stories | 11 condos
Completion estimated for 2028
Developed by Alf Naman Development
Design by Bench Architecture (conversion)
13 stories | 11 condos
Completion estimated for 2028
Also known as the Baudouine Building in honor of its developer, the estate of cabinetmaker and investor Charles A. Baudouine, the 12-story Classical Revival-style office building at 1181 Broadway dating back to 1896 is distinguished by its "rooftop temple," a Greco-Roman pavilion with Ionic columns and a triangular pediment. The building sold for $24 million in October 2025 and, owing to its location in the Madison Square North Historic District (now best known as NoMad), any changes must be approved by the Landmarks Preservation Commission.
At a June 2026 hearing, Landmarks appreciated plans for restoration of the ground floor as well as elements like terra cotta ornamentation and cast-iron elements. However, they voted "no action" and asked the team to revise a penthouse addition so that it related more sensitively to the temple. Less than two months later, they did so with a presentation that detailed, among other things, a lower-rise penthouse addition set further back from the temple. This time, Landmarks required that the upper level of the penthouse addition be removed or set back even further from the temple, and voted to approve with modifications.
597 Broadway, Midtown East
Developed by Aurora Capital Associates and AVRS Partners
Design by Colberg Architecture (conversion)
12 stories | 34 condos
Completion estimated for 2028
Developed by Aurora Capital Associates and AVRS Partners
Design by Colberg Architecture (conversion)
12 stories | 34 condos
Completion estimated for 2028
Several blocks north of its first headquarters in the Flatiron District, the Charles Scribner's Sons Building was constructed as offices and a bookstore for publisher Charles Scribner's Sons. Its Beaux Arts design by Ernest Flagg is similar to its predecessor, also designed by Flagg, and the building was designated a New York City Landmark in 1982. In its heyday as a publisher, authors like F. Scott Fitzgerald and Ernest Hemingway met with their editors in the offices above the bookstore. Following Charles Scribner's Son's departure in the 1980s, the building housed various office and retail tenants.
In March 2026, The Real Deal announced that a joint venture between Aurora Capital Associates and AVRS Partners was teaming up to buy the building after lenders seized it from Thor Equities in a foreclosure auction. A short time later, public records show that it sold for $54 million. Most recently, permits were filed to convert floors 4-10 to residential use in July 2026. Details are not yet available on amenities, but it is in a central location near Rockefeller Center, Bryant Park, and Grand Central Terminal.
16 Beaver Street, Financial District
Developed by Twin Group Associates Inc.
Design by NY Building Associates Inc. (conversion)
12 stories | 50 units
Completion estimated for 2027
Developed by Twin Group Associates Inc.
Design by NY Building Associates Inc. (conversion)
12 stories | 50 units
Completion estimated for 2027
Earlier this spring, permits were filed to enlarge and convert 16 Beaver Street, currently home to a Burger King with office space on top, to a new residential building. While Commercial Observer notes that this building will not have as large an amenity package as some of the other office-to-residence conversions in the neighborhood, permits filed with the Department of Buildings indicate that the top floor will be partially dedicated to amenity space. The building will also offer bike storage, and its close proximity to multiple subway lines, the Wall Street ferry landing, and the Staten Island Ferry makes for no shortage of ways to get around.
511 West 25th Street, Chelsea
Developed by Empire Capital Holdings and Prime Group Holdings
Design by Fischer & Makooi Architects (conversion)
9 stories | 14 condos
Completion estimated for 2028
Developed by Empire Capital Holdings and Prime Group Holdings
Design by Fischer & Makooi Architects (conversion)
9 stories | 14 condos
Completion estimated for 2028
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In December 2024, a joint venture between Prime Group Holdings and Empire Capital Holdings bought the Ironworks, three interconnected office buildings at 511-541 West 25th Street, for $50 million. Given Prime Group Holdings' investments in self-storage properties, some expected that to be the eventual fate of the printing factory turned WeWork location and artists' gallery/studio space. But according to permits filed with the Department of Buildings in late 2025, 511 West 25th Street will instead be converted to residential use.
Several of the planned apartments will have private terraces. While details are not available about the interiors yet, they are located in a section of Chelsea that has become known for its impressively appointed luxury condominiums. Residential amenities will include a fitness center with accessory terrace, a lounge with outdoor terrace, a mail and package room, bike storage, and private storage.
703 East 6th Street, East Village
Developed by 703 East 6th Street Lofts LLC
Design by AZSK Architects PC (conversion)
4 stories | 8 units
Completion estimated for 2028
Developed by 703 East 6th Street Lofts LLC
Design by AZSK Architects PC (conversion)
4 stories | 8 units
Completion estimated for 2028
Work is underway on the conversion of 703 East 6th Street, a low-rise building near Tompkins Square Park, to a boutique condominium. Permits on file call for existing elements to remain; however, as EV Grieve notes that the building is wrapped, it is difficult to say which ones or to which degree these will remain at this point.
The condo conversion represents the latest chapter for 703 East 6th Street. A tax map from 1856 labels the four-story building as "Piano Action Factory. More recently, it was home to motorcycle repair shop Sixth Street Specials for nearly 40 years before it closed in June 2025. Owner Hugh Mackie lived above the shop with his family and, after deciding to retire, sold the building for $3.55 million. He has since relocated, and Sixth Street Special relocated to New Rochelle.
NYC loft listings
152 Franklin Street, #6 (Bespoke Real Estate LLC)
The Solita, #PHA (Modlin Group LLC)
55 Hudson Street, #PHD (Douglas Elliman Real Estate)
The Schepp Building, #PHDE (Compass)
The Grabler Building, #1B (Serhant)
The Fischer Mills Building, #THB (Serhant)
345 West Broadway, #5 (Coleman Real Estate Group)
Tower 270, #21A (CHARNEY REAL ESTATE LLC)
525 Broome Street, #4 (Compass)
451 West Broadway, #2S (Compass)
55 White Street, #1C (Corcoran Group)
335 West 38th Street, #4 (Compass)
222 Park Avenue South, #10C
$2,550,000
Flatiron/Union Square | Cooperative | 2 Bedrooms, 2 Baths | 1,267 ft2
222 Park Avenue South, #10C (Douglas Elliman Real Estate)
114 West 27th Street, #4S (Compass)
One Brooklyn Bridge Park, #301
$1,350,000 (-3.2%)
Brooklyn Heights | Condominium | 1 Bedroom, 1.5 Baths | 1,085 ft2
One Brooklyn Bridge Park, #301 (Hauseit LLC)
The Ex-Lax Building, #3J (Compass)
Striver's Lofts, #3 (Brown Harris Stevens Residential Sales LLC)
Downtown by Starck, #2804 (Douglas Elliman Real Estate)
The International Tailoring Company Building, #3B
$995,000 (-9.5%)
East Village | Cooperative | 1 Bedroom, 1 Bath
The International Tailoring Company Building, #3B (Brown Harris Stevens Residential Sales LLC)
49 East 12th Street, #1B (Platinum Forbes Global Properties)
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