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New York office building secures $108 million loan for partial conversion project

Twelve of 17 floors are set to become apartments
The office building at 770 Second Ave. is expected to have 140 new apartments, including 35 affordable units. (CoStar)
The office building at 770 Second Ave. is expected to have 140 new apartments, including 35 affordable units. (CoStar)
CoStar News
April 20, 2026 | 9:06 P.M.

A New York office building near Grand Central Terminal is being split in two — with most of the tower converting to apartments while a smaller slice remains office — under a project now backed by a $108 million construction loan.

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News | New York office building secures $108 million loan for partial conversion project