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Yellowstone Converts MONY Building Into 422 Units
Description
Yellowstone Real Estate just landed a $480 million loan to transform the iconic MONY building at 1740 Broadway into 422 luxury condos and rentals—complete with a 60K sq ft amenity hub featuring a sports club, spa, bowling alley, golf simulator, and even a pet-friendly dog run. The building, once owned by Mutual of New York (yes, the “Mony Mony” band!), was acquired for $200 million earlier this year. This isn’t Yellowstone’s first rodeo—they’ve already closed on two other massive office-to-residential conversions, adding over 16,000 new rental units to NYC’s evolving skyline.
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