An Office Tower Sold for $8.5 Million. It Was Once Worth 40 Times That.

Contributing sentiments towards policy:

46% : Mr. Sturner pointed to multiple issues that limited the building's potential for conversion into residences: 10-foot-tall ceilings, which are short by today's standards; large, inconsistently placed columns; inadequate light from its mid-block location; and existing office tenants scattered throughout the building who would need to be relocated to free up contiguous space.135 West 50th rose in the early 1960s during an office construction boom that reshaped Manhattan's skyline and economy.

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