Goldman’s old HQ is now an apartment building

You can now live in the iconic Goldman Sachs’s old headquarters at 55 Broad Street in the Financial District, which is now an apartment building with 571 units priced between $4,000 and $10,000 a month.

The skyscraper began accepting applications yesterday.

The converted building features water views, custom kitchens, luxury amenities, and a rooftop pool.

The developers Metro Loft and Silverstein Properties bought the office tower for $173 million last year, and all units are expected to be delivered by mid-2025.

Why not build new ones?
Constructing a new property costs a lot of money. According to Metro Loft CEO Nathan Berman, once the work on the skyscraper is finished, the property conversion would cost roughly 60% less than building a new structure in NY.

Such real-estate projects are part of a growing trend of converting old office buildings into residential spaces to address the city’s housing shortage.

The work-from-home culture has left office spaces empty, many of which are still struggling to find renters. Developers are looking to use these buildings and convert them into living spaces.