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Landmarks Preservation Commission approves rooftop addition for NoHo condominium conversion at 43 Bleecker

Landmarks Preservation Commission approves rooftop addition for NoHo condominium conversion at 43 Bleecker

Built World New York, NY local

Eleven condos planned for 1896 Classical Revival building; community board had urged denial

October 29th, 2026: New York YIMBY reports LPC approval

Overview

Updated Nov 1

The Landmarks Preservation Commission approved adding a rooftop story to a 130-year-old building in NoHo on October 20, clearing the way for a residential conversion. The approval came over Community Board 2's recommendation to deny the addition unless it was substantially reduced.

Developer Caedes Group is converting the 1896 Classical Revival building at 43 Bleecker Street into 11 condominiums, with a new seventh-floor penthouse clad in stucco and zinc panels. Douglas Elliman's Erin Boisson Aries team is handling sales, and the building will have a wellness floor with a gym, sauna, steam room and ice bath. Closings are expected to begin in June 2027.

Why it matters

Adds 11 condos to a tightly regulated landmark district while testing how much a historic building can change and stay protected.

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Key Indicators

11
Condominium units planned
The conversion will yield 11 residences in the 1896 building.
46,310 sq ft
Building area
Building area cited in coverage of the LPC approval.
1
Floors added
A seventh-floor penthouse approved by the Landmarks Preservation Commission.
2027
Target completion
Project completion slated for the latter half of 2027.

Voices

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People Involved

NW
Noel Wong
Architect, ADB Associates
Designed the approved rooftop addition and residential conversion
 Erin Boisson Aries
Erin Boisson Aries
Sales lead, Douglas Elliman
Leading sales and marketing for 43 Bleecker

Organizations Involved

Landmarks Preservation Commission
Landmarks Preservation Commission
New York City agency
Approved rooftop addition with modifications on October 20, 2026

New York City agency that designates landmarks and regulates changes to them.
Community Board 2 Manhattan
Community Board 2 Manhattan
Local advisory board
Recommended denial of the rooftop addition

Volunteer advisory board for lower Manhattan neighborhoods. Its recommendations are non-binding.
CG
Caedes Group
Real estate developer
Developing the 43 Bleecker conversion

Luxury property developer behind the 43 Bleecker conversion.
Village Preservation
Village Preservation
Nonprofit
Objected to the rooftop addition's scale and visibility

Nonprofit preserving Greenwich Village, East Village, and NoHo's architectural heritage.
Douglas Elliman
Douglas Elliman
Real estate brokerage
Leading sales and marketing for 43 Bleecker

Real estate brokerage marketing the 11 condominiums at 43 Bleecker.

Timeline

1896 June 2027

7 events Latest: October 29th, 2026 · 1 week ago
Tap a bar to jump to that date

  1. Closings anticipated

    Upcoming Projection

    Developer targets June 2027 for first condominium closings.

  2. New York YIMBY reports LPC approval

    Latest Media

    Publication details the 46,310-square-foot conversion and 11-unit plan for 43 Bleecker.

  3. LPC approves rooftop addition

    Regulatory Approval

    Commission approves with modifications to storefront details and bulkhead visibility.

  4. Douglas Elliman unveils 43 Bleecker sales and marketing

    Sales

    The Erin Boisson Aries Team is leading sales for the 11 condominiums; closings are anticipated to begin in June 2027.

  5. CB2 Landmarks Committee recommends denial

    Public Review

    Board recommends denial unless addition is reduced in size, height, and set back from building edges.

  6. Community Board 2 reviews project

    Public Review

    Board denies infill and marquees, approves restoration, rooftop equipment, and elevator bulkheads.

  7. 43 Bleecker constructed

    Construction

    Classical Revival building designed by Ralph S. Townsend for Harry Chaffee.

Scenarios

1

43 Bleecker completes on schedule, closings by mid-2027

Likely Resolves by Aug 31, 2027

Discussed by: Caedes Group; Douglas Elliman's Erin Boisson Aries team

Construction proceeds according to the timeline outlined in the LPC approval. The conversion finishes in the latter half of 2027, and Douglas Elliman reports first closings around June 2027, adding 11 condos to the NoHo market.

2

Construction delays push completion into 2028

Possible Resolves by Q1 2028

Discussed by: No specific analyst; standard risk for landmarked-building renovations

Renovating a 130-year-old landmarked building with a new rooftop floor carries structural and permitting risks. Delays in scaffolding, facade restoration, or the rooftop steelwork could push completion past 2027, holding up the 11 sales.

3

Luxury sales drag as units sit unsold

Possible Resolves by End of 2028

Discussed by: Douglas Elliman market reports; Manhattan luxury condo data

If the Manhattan luxury market softens, the 11 condos could price above what buyers will pay, leaving several units unsold through 2028. The developer might then cut prices or hold units back, reworking the pro forma for the conversion.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

2010s

Woolworth Building condominium conversion (2010s)

The 1913 Woolworth Building, once the world's tallest, had its upper 30 floors converted into luxury condominiums. Developer Alchemy Properties bought the top floors and sold them as residences while the lower offices remained commercial.

Then

Condos sold over several years at premium prices, with the landmark exterior preserved.

Now

Set a precedent for landmarked commercial buildings transitioning to residential use without changing their protected exteriors.

Why this matters now

Shows another landmarked New York building of similar vintage becoming luxury housing, the same path 43 Bleecker is taking.

2020s

Manhattan office-to-residential conversion wave (2020s)

Rising office vacancies after the pandemic pushed Manhattan developers to convert commercial and industrial buildings into housing. New York YIMBY has tracked nearly 3,000 new units from office-to-residential conversions in Manhattan alone.

Then

More housing units added in districts with little new residential supply.

Now

Changed the economics of older commercial buildings, making residential the higher-value use.

Why this matters now

43 Bleecker is part of this shift of older commercial buildings becoming housing, but as a landmark it faces LPC oversight on top of zoning rules.

Sources

(6)
New York YIMBY Village Preservation Citizen Portal Urbanize New York Traded Elliman Insider