A 32-story office tower on Manhattan’s Billionaires’ Row is set to be converted to a residential property as the city contends with below-average housing vacancy rates and record-high market asking apartment rents.
Office tower on Manhattan’s Billionaires’ Row to become apartments
Project seeks to tap state tax incentive program that encourages conversions
By Andria Cheng
CoStar News
August 6, 2025 | 10:18 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Fifty Seven
135 57th St, New York, NY
- Companies
- TF Cornerstone, Inc.
Real Estate