{"id": "n-ece578bc52", "slug": "new-york-219-e-42nd-and-235-e-42nd-st", "type": "office-park", "name": "219 E. 42nd and 235 E 42nd St.", "aka": [], "city": "New York", "county": "New York County", "state": "NY", "country": "US", "census_division": 2, "lat": 40.75048, "lon": -73.97361, "geocode_method": "census-address", "address": null, "metro": null, "original_use": "office building", "year_opened": null, "year_closed": null, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Draft from nypost.com, model-extracted, unreviewed: 219 E. 42nd and 235 E 42nd St., former Pfizer office buildings, are under construction to become a 1,600-unit apartment complex.", "strategy": ["redevelop"], "new_use": ["housing"], "share_retrofit": null, "status": "under construction", "year_retrofit": null, "developer": "MetroLoft and David Werner Real Estate Investments", "architect": "Gensler", "after_notes": "1,600-unit apartment complex", "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "36061", "opp_score": 10.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "median rent $2,132", "housing in the record"], "for_sale": 0, "distressed": 0, "url": "https://retrofitatlas.org/office-parks/ny/new-york-219-e-42nd-and-235-e-42nd-st/", "events": [], "sources": [{"id": 7356, "site_id": "n-ece578bc52", "url": "https://nypost.com/2025/01/29/real-estate/office-to-apartment-conversions-booming-nyc-thanks-to-new-city-measures/", "title": "Office-to-apartment conversions are booming in NYC and this is why", "publisher": "nypost.com", "date": null, "quote": "219 E. 42nd and 235 E 42nd St.", "kind": "news", "license": null, "retrieved": "2026-10-18"}], "deals": [], "parties": [{"name": "MetroLoft and David Werner Real Estate Investments", "kind": "developer", "role": "developer", "year_from": null, "year_to": null}], "parcels": [], "context": {"assessment": {"what_happened": "219 E. 42nd and 235 E. 42nd St (New York, NY) is an office building redeveloping into a 1,600-unit apartment complex under construction by MetroLoft and David Werner Real Estate Investments. The project is active with permits showing $690M in 2024 construction value for 4,463 units (total across phases).", "why": "Located within 1.2km of 5 Times Square (proposed) and CBS Studio Building (operating), the site aligns with housing demand in a market showing median rent of $2,132 and a 3.2% annual rent increase (Zillow 2026-09).", "where_it_stands": "Status is 'under construction' with no completion timeline provided. Context shows 28 nearby sites within 10km, including 5 Times Square (1km away) and St. John's Terminal (3.9km).", "for_a_planner": ["Proximity to major commercial hubs (CBS, 5 Times Square) and housing market metrics are documented.", "No zoning or timeline details in record."], "for_a_developer": ["1,600-unit scale matches 2024 permit data (4,463 units total).", "Housing market data (ZHVI $1.25M, ZORI $4,779) is sourced from Zillow Research (2026-09)."], "risks_and_unknowns": ["No completion date, specific zoning, or traffic impact data provided.", "Permit units (4,463) exceed after_notes unit count (1,600); record does not clarify this discrepancy."], "data_quality": "partial", "one_line": "1,600-unit housing project under construction at 219/235 E. 42nd St, NY, with $690M in 2024 permits and median rent $2,132.", "model": "qwen3-30b-a3b-64k:latest", "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)", "record_sha1": "421e2ddf8381"}, "cluster": {"within_10km": [{"id": "n-8e3ab5e4f5", "name": "CBS Studio Building", "city": "New York City", "status": "operating", "km": 1.0}, {"id": "n-f953f8fb88", "name": "5 Times Square", "city": "New York", "status": "proposed", "km": 1.2}, {"id": "n-09a81a9367", "name": "100 West 33rd Street", "city": "New York City", "status": "partial", "km": 1.3}, {"id": "n-19ef25703c", "name": "Gilsey House", "city": "New York City", "status": "built", "km": 1.3}, {"id": "n-325c2e5dfe", "name": "330 West 42nd Street", "city": "New York City", "status": "built", "km": 1.7}, {"id": "n-043b8b5412", "name": "Sofia", "city": "New York City", "status": "built", "km": 2.4}, {"id": "n-74a024969f", "name": "Getty Oil gas station", "city": "New York", "status": "built", "km": 2.5}, {"id": "m-5e0b40ae1f", "name": "Lincoln Arcade", "city": "New York", "status": "demolished", "km": 2.7}, {"id": "n-ee3396256b", "name": "St. John's Terminal", "city": "New York City", "status": "built", "km": 3.9}, {"id": "n-2cae688bb9", "name": "American Thread Building", "city": "New York City", "status": "built", "km": 4.3}, {"id": "n-a668c4cb37", "name": "A&P Warehouse", "city": "New York City", "status": "operating", "km": 4.4}, {"id": "n-2c4de6f49c", "name": "Celtic Park Apartments", "city": "Sunnyside", "status": "built", "km": 4.5}], "count_10km": 28, "count_25km": 40}, "elevation": {"elevation_ft": 39.6, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "36061008800", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "poverty_rate": 3.9670555936856604, "median_family_income": 158482.0, "snap_households": 59.0, "pop2010": 7026.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 1247381, "month": "2026-09", "change_1y": 0.032, "change_5y": -0.103}, "zori": {"latest": 4779, "month": "2026-09", "change_1y": 0.057, "change_5y": 0.378}, "county_fips": "36061", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "36061008800", "jobs": 24235, "retail_jobs": 521, "food_accommodation_jobs": 604, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "10017", "month": "202609", "median_listing_price": 842500, "median_listing_price_yy": -0.0085, "active_listing_count": 153, "median_days_on_market": 60, "price_reduced_share": 0.0501, "pending_ratio": 0.3235, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "36061008800", "kfr_p25": 0.4417, "jail_p25": 0.031, "kids_count": 103.2151, "commuting_zone": "New York", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "n-f59b0945c8", "name": "25 Water St.", "city": "New York", "state": "NY", "score": 6.5, "why": ["same strategy: redevelop", "also in NY", "6 km away"]}, {"id": "n-3d220c5a79", "name": "Former Sears Property", "city": "Hicksville", "state": "NY", "score": 6.0, "why": ["same strategy: redevelop", "also in NY", "38 km away"]}, {"id": "n-b4f2064f86", "name": "Gowanus Canal", "city": "Brooklyn", "state": "NY", "score": 6.0, "why": ["same strategy: redevelop", "also in NY", "11 km away"]}, {"id": "m-b0312efefe", "name": "Albee Square Mall", "city": "Brooklyn", "state": "NY", "score": 5.5, "why": ["same strategy: redevelop", "also in NY", "7 km away"]}, {"id": "n-f953f8fb88", "name": "5 Times Square", "city": "New York", "state": "NY", "score": 5.5, "why": ["same strategy: redevelop", "also in NY", "1 km away"]}, {"id": "n-752e901e74", "name": "111 Wall St.", "city": "New York", "state": "NY", "score": 5.5, "why": ["same strategy: redevelop", "also in NY", "6 km away"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "New York County", "2024": {"units_1": 0, "units_2_4": 4, "units_5plus": 4463, "value_total": 690452024}, "2023": {"units_1": 0, "units_2_4": 12, "units_5plus": 3018, "value_total": 446445918}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "36061", "year": 2025, "establishments": 9169, "employment": 123585, "avg_annual_pay": 79593, "lq_employment": 0.5, "employment_change_1y": 1.2, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 11693, "emp": 146237}, "2023": {"estab": 9268, "emp": 115257}, "estab_change": -0.207, "emp_change": -0.212, "county_fips": "36061"}, "schools": {"district": "New York City Department Of Education", "district_geoid": "3620580", "grades": "PK-12", "district_vintage": "SY2024-25", "public_schools_1mi": 16, "schools": ["UNITY CENTER FOR URBAN TECHNOLOGIES", "SATELLITE ACADEMY HIGH SCHOOL", "JACQUELINE KENNEDY-ONASSIS HIGH SCHOOL", "REPERTORY COMPANY HIGH SCHOOL FOR THEATRE ARTS", "ART AND DESIGN HIGH SCHOOL", "PS 59 BEEKMAN HILL INTERNATIONAL"], "schools_vintage": "SY2023-24", "source": "NCES EDGE", "retrieved": "2026-10-20"}, "storms": {"county": "36061", "years": "2016-2025", "events": 45, "by_type": {"Flash Flood": 20, "Thunderstorm Wind": 19, "Hail": 4, "Lightning": 2}, "property_damage_usd": 114073500, "deaths_direct": 0, "injuries_direct": 3, "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted", "source": "NOAA NCEI Storm Events Database, details files", "retrieved": "2026-10-20"}, "traffic": {"max_aadt": 14500, "trucks_aadt": 1926, "road": "NYC-E 40th St to I495 EB", "class": null, "lanes": 1, "segments_600m": 40, "year": "2024", "source": "FHWA HPMS", "retrieved": "2026-10-20"}}, "elements": [{"slug": "place-mall-cluster", "name": "3+ other atlas sites within 10 km", "group_": "place", "evidence": "28 within 10 km", "origin": "computed"}, {"slug": "place-apartment-boom-county", "name": "County permitting 2,000+ apartment units a year", "group_": "place", "evidence": "4,463 units, New York County", "origin": "census-bps"}, {"slug": "strategy-redevelop", "name": "Redeveloped", "group_": "strategy", "evidence": "1,600-unit apartment complex", "origin": "record"}, {"slug": "use-housing", "name": "Housing", "group_": "use", "evidence": "1,600-unit apartment complex", "origin": "newtypes-extraction"}, {"slug": "place-retail-shrinking-county", "name": "County lost 10%+ of retail establishments since 2012", "group_": "place", "evidence": "-21%", "origin": "census-cbp"}, {"slug": "place-rent-2000-plus", "name": "County typical rent $2,000+", "group_": "place", "evidence": "$4,779/mo", "origin": "zillow"}, {"slug": "place-shrinking-county", "name": "Shrinking county", "group_": "place", "evidence": "-0.3%", "origin": "census-acs"}, {"slug": "status-pipeline", "name": "Retrofit in the pipeline", "group_": "finance", "evidence": "under construction", "origin": "record"}], "details": {}, "photos": [], "provenance": {"after_notes": "newtypes-extraction", "developer": "newtypes-extraction"}, "restricted_fields": {"parcels": ["owner_addr", "assessed", "taxable", "tax_amount", "sale_price", "deed_ref"], "deals": ["price", "price_per_acre", "price_per_sqft", "loan_amount", "asking_price"], "how": "free API key: POST /api/v1/keys {\"email\": …}"}}