Pre-war rental on Upper West Side set for luxury transformation

May 20, 2026 - 20:15

A pre-war rental building on the Upper West Side is slated for a major makeover after a recent sale. The property, which has operated as a rental for decades, will be transformed into a luxury condominium. The seller, Heller Realty, had owned the building since the late 1990s. The new owners plan to gut renovate the units, upgrading all systems and finishes to meet high-end standards. The building's classic pre-war bones, including high ceilings and solid masonry construction, are expected to appeal to buyers seeking modern amenities within a historic structure. The conversion will likely include a full lobby redesign, new windows, and upgraded mechanicals. While the exact pricing for the new condos has not been announced, similar conversions in the neighborhood have commanded significant premiums. The deal reflects a continuing trend on the Upper West Side, where older rental properties are being repositioned for the luxury market. The building's location, close to Central Park and major subway lines, adds to its appeal. Construction is expected to begin later this year, with sales launching in 2026.