1740 Broadway (MONY Building)

The conversion was filed with the Department of Buildings in August 2026 as a change from office to residential occupancy, under the city's office-conversion zoning rules (Article I, Chapter V of the Zoning Resolution) and Article 7-B of the state Multiple Dwelling Law. Demolition, temporary gantry and egress filings followed in August through October 2026.

The financing announcement describes ceilings above 10 feet, white oak floors, custom Italian kitchen cabinetry, Gaggenau appliances and a washer and dryer in every home. Amenity plans include a sports club of about 22,000 square feet and a spa with a 60-foot lap pool, and published reporting says the original bank vault will become a bar. These are sponsor descriptions; confirm them against the plan's description of the property.

The 1950 tower's large floor plates are what make the conversion work and also what shape it. Deep office floors can leave interior space far from windows, which conversions usually handle with long apartments, interior rooms used as home offices or closets, or light courts cut into the floor plate. Ask for the floor plans of the specific line you are considering and the window count per room.

Counts. BKSK and the lender give 420 homes; the Department of Buildings filing shows 421 dwelling units; other reporting gives 422. City records list 26 stories, and the lender's announcement 27. The architect's pages date the building to 1949, and city records to 1950.

No condominium offering plan record, price list or sales launch date had been published as of October 2026. With completion set for the third quarter of 2029, a launch would likely come well before the building is finished, with buyers signing contracts on plans and renderings.

Pricing will be set against new-construction condominiums on and near West 57th Street, a block north at Central Park Tower and along Central Park South, though a conversion with a rental block beneath it should not be expected to price like those towers. Wait for the plan's Schedule A before drawing per-foot conclusions.

The rental component. Ask how the condominium is structured: whether the 238 rentals are held as one or more commercial or residential units owned by the sponsor, how common charges are split between the rental and condominium portions, who controls the board, and whether renters and owners share the amenity floors. The declaration and by-laws answer all four.

Before the plan is accepted. The Attorney General must accept an offering plan before a sponsor can sign purchase contracts and take deposits. Before acceptance a sponsor may collect expressions of interest under an approved CPS-1 application, but may not take reservations or deposits.

A long contract period. Completion is targeted for late 2029. Read the plan's outside closing date, the rescission rights if it slips, and how deposit interest is handled.

Deposit and contract. New-development contracts typically require a deposit of 10% at signing, held in escrow, with some sponsors asking for 20%. The plan states this building's terms.

Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City real property transfer tax (1% at $500,000 or less and 1.425% above for a residential unit), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. Use the calculators below to run your price.

Conversion diligence. In an older building, the plan's engineering report matters: facade condition, the age of the risers and elevators being reused, and what the sponsor is replacing. Read it alongside the budget.

Carrying costs and abatement. No tax abatement for the condominium units has been disclosed. Confirm the first-year tax projection in the plan.

If you're considering 1740 Broadway, also look at these condominiums nearby and other office-to-condominium conversions:

• 230 West 56th Street — The Park Imperial, a 107-unit condominium completed in 2002 on the same block
• Central Park Tower — 179-residence condominium at 217 West 57th Street, a block north
• 220 Central Park South — condominium of about 100 residences completed 2018–19, on Central Park South
• 111 West 57th Street — Steinway Tower, 59 residences including the converted Steinway Hall
• 1 Wall Street — 566-unit condominium conversion of a 1931 office tower, completed 2023
• 108 Leonard Street — The Clock Tower, a 152-residence conversion of a historic office building