Office parks · New York
219 E. 42nd and 235 E 42nd St.
1,600-unit housing project under construction at 219/235 E. 42nd St, NY, with $690M in 2024 permits and median rent $2,132. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile8 elements · what this retrofit is built with · tap a chip for the evidence
Retrofit in the pipeline
This site: …under construction record · all sites with this3+ other atlas sites within 10 km
This site: 28 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -21% census-cbp · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 4,463 units, New York County census-bps · all sites with thisCounty typical rent $2,000+
This site: $4,779/mo zillow · all sites with thisShrinking county
This site: -0.3% census-acs · all sites with thisRedeveloped
This site: 1,600-unit apartment complex record · all sites with thisHousing
This site: 1,600-unit apartment complex newtypes-extraction · all sites with thisNow
| Status | Under constructionWikipedia |
|---|---|
| Strategy | Redevelopment, under constructionWikipedia |
| New uses | housingWikipedia |
| What is there now | 1,600-unit apartment complexnewtypes-extraction |
| Redeveloper | MetroLoft and David Werner Real Estate Investmentsnewtypes-extraction |
Site context
| Housing permits, New York County (NY), 2024 | 4,463 units in 5+ unit buildings, 4 in 2–4, 0 single-family; 2023: 3,018 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 28 within 10 km, 40 within 25 km: CBS Studio Building (1.0 km); 5 Times Square (1.2 km); 100 West 33rd Street (1.3 km); Gilsey House (1.3 km); 330 West 42nd Street (1.7 km)computed |
| Retail trade in the county, 2012 to 2023 | 9,268 establishments (-21%); 115,257 jobs (-21%)Census CBP |
| Housing market in the county | typical home value $1.2M (+3% 1 yr, -10% 5 yr); typical rent $4,779/mo (+6% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 14,500 vehicles a day on NYC-E 40th St to I495 EB; 1,926 trucks; 40 counted segmentsFHWA HPMS |
Summary, model-written
219 E. 42nd and 235 E. 42nd St (New York, NY) is an office building redeveloping into a 1,600-unit apartment complex under construction by MetroLoft and David Werner Real Estate Investments. The project is active with permits showing $690M in 2024 construction value for 4,463 units (total across phases).
Why. Located within 1.2km of 5 Times Square (proposed) and CBS Studio Building (operating), the site aligns with housing demand in a market showing median rent of $2,132 and a 3.2% annual rent increase (Zillow 2026-09).
Where it stands. Status is 'under construction' with no completion timeline provided. Context shows 28 nearby sites within 10km, including 5 Times Square (1km away) and St. John's Terminal (3.9km).
For a planner
- Proximity to major commercial hubs (CBS, 5 Times Square) and housing market metrics are documented.
- No zoning or timeline details in record.
For a developer
- 1,600-unit scale matches 2024 permit data (4,463 units total).
- Housing market data (ZHVI $1.25M, ZORI $4,779) is sourced from Zillow Research (2026-09).
What we do not know yet
- No completion date, specific zoning, or traffic impact data provided.
- Permit units (4,463) exceed after_notes unit count (1,600); record does not clarify this discrepancy.
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- 25 Water St., New York, NY · Office parks · same strategy: redevelop; also in NY; 6 km away
- Former Sears Property, Hicksville, NY · Big boxes · same strategy: redevelop; also in NY; 38 km away
- Gowanus Canal, Brooklyn, NY · Industrial sites · same strategy: redevelop; also in NY; 11 km away
- Albee Square Mall, Brooklyn, NY · Malls · same strategy: redevelop; also in NY; 7 km away
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $2,132
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Anchors | Pfizer |
|---|---|
| County | New York County |
| Census division | 2 · Mid-Atlantic |
| Notes | Draft from nypost.com, model-extracted, unreviewed: 219 E. 42nd and 235 E 42nd St., former Pfizer office buildings, are under construction to become a 1,600-unit apartment complex. |
Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.
Sources
- Office-to-apartment conversions are booming in NYC and this is why
1 quoted sentence
219 E. 42nd and 235 E 42nd St.
More in New York
Albee Square MallBrooklyn, NY · 2012Redeveloped · Redevelopment: mixed useAmsterdam Riverfront CenterAmsterdam, NY · 2011Reinhabited · Reinhabitation: office and self-storage
Como MallCheektowaga, NY · 1991Reinhabited · Reinhabitation, office and education
Main Place MallBuffalo, NY · 2013Partial Reinhabited · Partial reinhabitation: data center
Midtown PlazaRochester, NY · 2005Partial Redeveloped · Regreened · Reinhabited · Partial reinhabitation: residential Partial redevelopment: office…
Rainbow MallNiagara Falls, NY · 2012Partial Reinhabited · Partial reinhabitation: education