Cammeby’s files to convert 3 FiDi buildings to resi, total of 823 units
42 Broadway and 32 Broadway (Credit - Cyclomedia)
Rubin Schron’s Cammeby’s International Group filed three major alteration plans Friday that seek to convert three Financial District office buildings at 42 Broadway, 39 Broadway and 32 Broadway, into residential buildings with a total of 823 units.
Avi Schron of Cammeby’s International Group, filed the plans, which are dated December 19, 2025.
42 Broadway calls for 370 units through job number M01324863.
39 Broadway calls for 332 units through job number M01324859.
32 Broadway calls for 121 units through job number M01324849.
The conversions are part of an explosion of office to residential conversions filed in New York City, focused, on Manhattan, starting in July 2024.
42 Broadway
Avi Schron of Cammeby’s International Group submitted a major alteration application for the conversion of the educational (E) building at 42 Broadway in Financial District, Manhattan to a residential building with 370 units. The plan was filed with the New York City Department of Buildings on December 19, 2025 under job number M01324863. It call for a rehab of the 22-story building. The project is described in the filing as: conversion and enlargement of existing commercial building to residential.
42 Broadway
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Cellar | RETAIL STORAGE ROOMS, OFFICE STORAGE ROOMS, RESTAURANT STORAGE ROOMS | Storage of non combustible Materials | N/A | Storage | ||
| 2 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Cellar | RESIDENTIAL TENANT STORAGE, BUILDING STORAGE AND BOH ROOMS | Storage of non combustible Materials | N/A | Storage | ||
| 3 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Cellar | SUPER'S OFFICE, LAUNDRY ROOM, PET WASH ROOM | Apartment | 5 | Residential | ||
| 4 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Basement | BIKE PARKING ROOM, LOADING DOCK, STORAGE ROOM | Storage of non combustible Materials | N/A | Storage | ||
| 5 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Basement | ATS ROOM, ELECTRICAL ROOM, TELECOM ROOM, TRASH COMPACTOR ROOM, WATER METER ROOM | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 6 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Basement | OFFICE 1 (59 OCC), OFFICE 2 (32 OCC) | Storage of non combustible Materials | 91 | Storage | ||
| 7 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | Basement | RESIDENTIAL LOBBY | Apartment | N/A | Residential | ||
| 8 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | 1 | BANK | Business and Service | 32 | Business | ||
| 9 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | 1 | RETAIL 2 | Retail Sale | 30 | Mercantile | ||
| 10 | acris | 12/22/2025 08:07 AM | acris | 12/22/2025 08:07 AM | 1 | PACKAGE ROOM, MAIL ROOM | Storage of non combustible Materials | N/A | Storage |
The property
The office building in Financial District has 389,927 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 116 feet and is 197 feet deep with a total lot size of 21,490 square feet. The lot is irregular. The zoning is C5-5 which allows for up to 15 times floor area ratio (FAR) for commercial and up to 10 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $71.3 million. The most recent loan totaled $125 million and was provided by Citibank on November 3, 2020, and covers 42 Broadway and 32 Broadway.
Prior sales, articles and revenue
The 389,927-square-foot property generated revenue of $14.9 million or $38 per square foot, according to the most recent income and expense figures.
Violations and lawsuits
According to city public data, the property has received $22,300 in ECB penalties and $23,525 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
39 Broadway
Avi Schron of Cammeby’s International Group submitted a major alteration application for a conversion of the educational (E) building at 39 Broadway in Financial District, Manhattan to a residential building with 332 units. The plan was filed with the New York City Department of Buildings on December 19, 2025 under job number M01324859. It calls for a rehab of the 40-story building. The project is described in the filing as: conversion and enlargement of existing commercial building to residential.
39 Broadway
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Cellar | CHIEF ENGINEER OFFICE, TRASH COMPACTOR ROOM, COOLING TOWER, ENGINEER'S SHOP, FIRE CONTROL ROOM, FIRE PUMP ROOM, FUEL TANK ROOM, GAS VALVE ROOM, MECHANCIAL ROOMS, PHONE ROOMS, SWITCH GEAR ROOMS, STEAM ROOM, WATER HEATER ROOM | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 2 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Cellar | BUILDING STORAGE ROOM, TENANT STORAGE | Storage of non combustible Materials | N/A | Storage | ||
| 3 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Cellar | RESTAURANT STORAGE ROOMS, RETAIL STORAGE ROOMS, OFFICE TENANT STORAGE ROOM | Storage of non combustible Materials | N/A | Storage | ||
| 4 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Basement | BUILDING STORAGE ROOMS, BIKE PARKING ROOM (2512 SF), TENANT STORAGE ROOM | Storage of non combustible Materials | N/A | Storage | ||
| 5 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Basement | EATING AND DRINKING ESTABLISHMENT AND COMMERCIAL KITCHEN | Restaurant | 269 | Assembly | ||
| 6 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Basement | OFFICE | Business and Service | 26 | Business | ||
| 7 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | Basement | RESIDENTIAL LOBBY | Apartment | N/A | Residential | ||
| 8 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | 1 | RESIDENTIAL LOBBY AND MAILROOM | Apartment | N/A | Residential | ||
| 9 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | 1 | RETAIL | Retail Sale | 385 | Mercantile | ||
| 10 | acris | 12/22/2025 08:08 AM | acris | 12/22/2025 08:08 AM | 1 | STORAGE ROOM | Storage of non combustible Materials | N/A | Storage |
The property
The office building in Financial District has 447,452 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 88 feet and is 190 feet deep with a total lot size of 17,440 square feet. The lot is irregular. The zoning is C5-5 which allows for up to 15 times floor area ratio (FAR) for commercial and up to 10 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $73.9 million. The most recent loan totaled $85 million and was provided by Citibank on July 7, 2022.
Prior sales, articles and revenue
The 447,452-square-foot property generated revenue of $16.8 million or $38 per square foot, according to the most recent income and expense figures.
Violations and lawsuits
According to city public data, the property has received $3,300 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
The neighborhood
Avi Schron, None of Cammeby’s International Group submitted a major alteration application for a $5,000,000.00 rehab of 56 building at 32 Broadway in Financial District, Manhattan. The plan was filed with the New York City Department of Buildings on December 19, 2025 under job number M01324849. It call for a rehab of the 18-story building. The project is described in the filing as: hub consult was conducted on 11/7/25 and project accepted into the program. please assign to hub examiner. conversion and enlargement of existing commercial building to residential.
32 Broadway
Avi Schron of Cammeby’s International Group submitted a major alteration application for a conversion of the commercial building at 32 Broadway in Financial District, Manhattan to a residential building with 121 units. The plan was filed with the New York City Department of Buildings on December 19, 2025 under job number M01324849. It calls for a rehab of the 18-story building. The project is described in the filing as: conversion and enlargement of existing commercial building to residential.
The office building 32 Broadway in Financial District has 143,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 53 feet and is 206 feet deep with a total lot size of 9,372 square feet. The lot is irregular. The zoning is C5-5 which allows for up to 15 times floor area ratio (FAR) for commercial and up to 10 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $20.9 million. The most recent loan totaled $125 million and was provided by Citibank on November 3, 2020, and covers 42 Broadway and 32 Broadway.
32 Broadway
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Cellar | MECHANICAL ROOMS, DIESEL TANK ROOM, DIESEL PUMP ROOM, TRASH COMPACTOR ROOM | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 2 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Cellar | BIKE STORAGE ROOM (62 BIKES, 1193 SF) | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 3 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Basement | RESIDENTIAL LOBBY | Apartment | N/A | Residential | ||
| 4 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Basement | RESTAURANT 1 STORAGE ROOM, RESTAURANT 2 STORAGE ROOM, BUILDING STORAGE ROOM | Storage of non combustible Materials | N/A | Storage | ||
| 5 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Basement | CON-ED VAULT, MECHANICAL ROOMS | Mechanical and/or electrical equipment room | N/A | Factory and Industrial | ||
| 6 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | Basement | EATING AND DRINKING ESTABLISHMENT | Restaurant | 107 | Assembly | ||
| 7 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | 1 | SHARED LOBBY | Business and Service | N/A | Business | ||
| 8 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | 1 | OFFICE | Business and Service | 20 | Business | ||
| 9 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | 1 | EATING AND DRINKING ESTABLISHMENT 1 AND COMMERCIAL KITCHEN | Restaurant | 223 | Assembly | ||
| 10 | acris | 12/22/2025 08:09 AM | acris | 12/22/2025 08:09 AM | 1 | EATING AND DRINKING ESTABLISHMENT 2 AND COMMERCIAL KITCHEN | Business and Service | 56 | Business |
Prior sales, articles and revenue
The 143,000-square-foot property generated revenue of $5.1 million or $36 per square foot, according to the most recent income and expense figures.
Violations and lawsuits
According to city public data, the property has received $1,250 in ECB penalties and $2,690 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
The neighborhood
In Financial District, The majority, or 74 percent of the 79.9 million square feet of commercial built space are office buildings, with elevator buildings next occupying 15 percent of the space. In sales, Financial District has the 5th highest sale turnover among other neighborhoods in the city with $1.9 billion in sales volume in the last two years. For development, Financial District is the 4th most active neighborhood among other neighborhoods. It had 17.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 22 percent of the neighborhood’s built space.
Direct link to the property’s 42 Broadway ACRIS page
Direct link to the property’s 39 Broadway ACRIS page
Direct link to the property’s 32 Broadway ACRIS page
and link to DOB NOW portal.