Feil Organization, Lloyd Goldman, and the Nakash Family to convert 14-story office into a 47-unit luxury condo.

Manhattan, NY The Feil Organization, one of New York City’s premier real estate investment firms, alongside joint venture partners Lloyd Goldman and the Nakash Family, unveiled plans to convert 140 West 57^th St., a 14-story office building, into a 47-unit luxury condominium. The development team closed on a $65 million construction loan provided by Deutsche Bank AG, New York. Construction is anticipated to begin in spring 2025, with completion projected for Q4 2026. Corcoran Sunshine will lead sales and marketing for the project. 

“Located within the desirable 57^th St. corridor, 140 West 57^th St. is in the ideal location for a residential conversion,” said Brian Feil, principal at the Feil Organization. “Given the strength of the joint venture sponsorship, we are confident that we will deliver an impactful redevelopment that is well-received by the market.”

Located in Midtown between Sixth and Seventh Aves., 140 West 57^th St. was originally completed in 1908. MdeAS Architects will oversee the conversion project, which will preserve the landmarked property’s neo-Gothic façade of tall, bay windows set in geometrically ornamented cast iron frames that have been restored to its original early 1900s splendor. The lobby, entryway, elevators and common hallways will be upgraded as part of the conversion. 

The interiors, led by interior design firm Stephen Sills & Associates, will blend modern sophistication with the building’s historic New York City charm. Ranging from 502 to over 1,776 s/f, floor plans include studios, one-, two- and three-bedrooms. Residences will feature wide plank wood flooring throughout and high-end kitchens with custom cabinets, stone countertops and appliances. Amenities will include a landscaped rooftop deck, indoor resident lounge, fitness center, a bike room and a tenant storage room.