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New York & Tri-State  + Midtown New York  + Office  | 
Ariel in $35 Million Sale of Brox Development Site

Midtown Offices Will Convert from Lease to Condo Format 

Rudder Property Group (RPG) said Tuesday that 32 W. 39th St., a 16-story, 87,072 square-foot office building one block south of Bryant Park and adjacent to Amazon’s new local headquarters, will be converted to office condominiums for sale.  RPG, which specializes in sales of office condos, has been retained by ownership as the sales and marketing team. 

When sales launch in the second quarter, full-floor units measuring 3,970 to 8,371 square feet can be purchased individually or combined for a single office totaling up to 70,000 square feet. The conversion of this circa-1925 property represents an opportunity to own a full-floor or multi-floor office condo in a prime Midtown location.   

“Following Amazon’s purchase of the former Lord & Taylor building for use as its new headquarters, the area has seen a lot of interest from major office tenants,” said Michael Rudder, principal of RPG. 


Inside The Story

Rudder Property Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition