R&B Realty Group is in the process of converting its 16-story, 87,000-square-foot office building at 32 W. 39th St. into office condos, the company announced Tuesday.
Sales are expected to launch next quarter at the recently renovated property, which includes full-floor spaces ranging from 3,970 to 8,371 square feet that can be purchased rather than leased. The floors also can be combined by one tenant to create a single 70,000-square-foot office.
R&B, led by Aron Rosenberg, purchased the property in 2004. Until recently it was in danger of foreclosure from lender Maverick Real Estate Partners after it defaulted on its mortgage payments.
Signature Bank, which previously owned
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