What was permitted
Property owners and developers in the Financial District considering large-scale conversions will find this permit informative regarding the costs of transforming office buildings into residential spaces. This project entails converting an office occupancy to a residential (R-2) occupancy, a significant undertaking.
Issued on June 23, 2026, this permit has an estimated project cost of $88,791,360, highlighting the investment required for such a conversion. Bushburg Builders LLC is listed as the General Contractor for this major development.
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View the official permit record
Tracking number, work description, cost and dates
View the official permit record
Tracking number, work description, cost and dates
| Tracking number | 264047915 |
|---|---|
| Work permit # | M01363617-I1-GC |
| Job filing number | — |
| Work type | General Construction |
| Status | Permit Issued |
| Job description | CONVERSION FROM OFFICE (B) OCCUPANCY TO RESIDENTIAL (R-2) OCCUPANCY PURSUANT TO ARTICLE I, CHAPTER V OF THE NYC ZONING RESOLUTION AND ARTICLE 7B OF THE NYS MULTIPLE DWELLING LAW FOR RESIDENTIAL CONVERSION. |
| Floor / unit | Floor Number(s) 1, Floor Number(s) 1, Floor Number(s) 2, Floor Number(s) 3, Floor Number(s) 3, Floor Number(s) 4, Floor Number(s) 5, Floor Number(s) 6, Floor Number(s) 7, Floor Number(s) 8, Floor Numb |
| Estimated cost | $88,791,360 |
| Approved | June 15, 2026 |
| Issued | June 23, 2026 |
| Expires | July 18, 2026 |
| BBL | — |
| BIN | — |
Property owner
Bushburg Builders LLC
Abraham Hoffman
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