September 9, 2015
Like so many places in this fascinating city, this listing comes with some interesting history: Known today as Bryant Park Place, the primarily residential co-op building at 32 West 40th Street was once the clubhouse of the Engineers' Club. Founded by Andrew Carnegie in 1907, members included–in addition to Carnegie himself–Thomas Edison, President Herbert Hoover, H.H. Westinghouse and Nikola Tesla, who was honored here upon receiving the Edison Medal in 1917 and enjoyed feeding the pigeons in the park across the street.
Units 1A and 1K currently comprise a commercial listing–with residential possibilities if you're willing to do your homework. The property–two connected co-op units–is for sale for $3.1 million, and also for rent at $14K a month (in the latter case it would make a pretty impressive HQ for that hot new startup–and since there's a small kitchen, those all-nighters won't be a problem). Buyers may need to unwind some red tape, but according to the listing, residential conversion is possible along with some serious subsequent upside.
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