What is the latest status of the project “233 Park Avenue South Residential Conversion”?

The status recorded for “233 Park Avenue South Residential Conversion” is planned.

What is the budget and commercial profile for the project “233 Park Avenue South Residential Conversion”?

Taiyo normalizes the budget of “233 Park Avenue South Residential Conversion” to USD 75000000.

Where can I verify the source and access all details for “233 Park Avenue South Residential Conversion”?

This Taiyo project page references Crain's New York Business along with the original URL (https://www.crainsnewyork.com/real-estate/commercial/cny-conjoined-park-avenue-buildings-to-separate-20260424/). Taiyo standardizes official data into a consistent, searchable project profile.

233 Park Avenue South Residential Conversion

Sector: Metal • Location: New York, United States

Source: Crain's New York Business

Project

Planned

Plan to convert the nearly vacant 233 Park Avenue South office tower in the Flatiron District into residential apartments. The building is a 12-story, 170,000 square feet cast iron structure with large floorplates and high ceilings, making it suitable for large apartments near Union Square and Gramercy Park. The conversion is supported by lenders and could cost approximately $75 million based on a

Status: Prospective
Sector: Metal, Commercial, Residential
Location: New York, United States of America
Updated: 22 Jul 2026
Source: Crain's New York Business

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Project Information

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The project “233 Park Avenue South Residential Conversion” is an infrastructure initiative in the Metal sector, located in New York, New York, United States. Taiyo aggregates data on it from Crain's New York Business.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Plan to convert the nearly vacant 233 Park Avenue South office tower in the Flatiron District into residential apartments. The building is a 12-story, 170,000 square feet cast iron structure with large floorplates and high ceilings, making it suitable for large apartments near Union Square and Gramercy Park. The conversion is supported by lenders and could cost approximately $75 million based on average conversion costs in Manhattan.
Original sector	Real Estate
Budget

Location

Country	United States of America (USA)
State	New York
City	New York

Source

Source	Crain's New York Business
URL

More Details

Record type	Project
Sector	Metal, Commercial, Residential
Article published date	2026-04-27

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233 Park Avenue South Residential Conversion

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