R&B Realty Group submits 17-unit office condo plan in Midtown South

R&B Realty Group submitted a condominium plan for 17 commercial units for an office condominium at 32 West 39th Street in the Midtown South, Manhattan.

The building is located just next to Amazon’s new Fifth Avenue headquarters.

The condo plan, CD220122, does not yet have a sellout price listed with the New York State Attorney General. Aron Rosenberg, president of the company, is listed as the principal.

In 2021 it was reported that Ladder Capital saved R&B Realty Group from possible foreclosure when it gave the developer just under $51 million to pay off its loans.

The developer has owned the building since 2004, when it was acquired for $11.7 million.

Last year, Crain’s reported that the developer planned to convert the 16-story, 87,000-square-foot office building to office condominiums.

It was announced that Rudder Property Group would be the exclusive sales and marketing team to market the property. A website was launched for the selling of the condo spaces, which includes photos and a 3D virtual tour of the building.

Per Rudder’s website, full-floor units measuring 3,970 to 8,371 square feet can be purchased individually or combined to create a single office totaling up to 70,000 square feet in the building.

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