Vanbarton Group is in contract to purchase 6 East 43rd Street from the Milstein family’s Emigrant Savings Bank for $140 million, with plans to convert the 400,000-square-foot Midtown building into 450 to 500 rental apartments. This marks Vanbarton’s third major office-to-residential deal in the past year, following acquisitions of 1011 First Avenue for $100 million and 77 Water Street for $95 million. Led by Gary Tischler and Richard Coles, the firm recently completed Pearl House at 160 Water Street. Coles anticipates 4–7 more years of conversion opportunities as aging office inventory continues to open doors for large-scale redevelopment.
6 East 43rd Street
