Former Pfizer HQ to Undergo 1,500-Unit Residential Conversion

The conversion of the pair of former Pfizer buildings at 219 East 42nd Street and 235 East 42nd Street is expected to get underway this summer by the partnership of Metro Loft and David Werner Real Estate, adding more than 1,500 housing units in Manhattan. Lease signings at the 100% market-rate rental conversion are anticipated to start in 2026 and move-ins in 2027. Currently offering a combined total of approximately 973,000 square feet, the pair of vacant buildings come with unused air rights that will be used to add new floors.