A
historic building in Carnegie Hill has finally been transformed into luxury rental apartments after nearly a decade of controversy. The 1143 Fifth Avenue building, originally constructed by J.E.R. Carpenter in 1921, was limited to seven stories due to a zoning law that capped new construction at 75 feet. Investor Jean Claude Marian purchased the property for $36.4 million in 2013 and began renovations.

    The building's unique design, sandwiched between two larger structures, has been preserved while still allowing for modern amenities. Tenants will enjoy private outdoor space, marble bathrooms with heated floors, and high-end finishes throughout the six full-floor apartments. The crown jewel is a 3,200-square-foot penthouse with unobstructed views of Central Park.

    However, not everyone is pleased with the transformation. Historic preservationists have criticized the addition of a new floor and the design of the building's facade. Michelle Birnbaum, president of Historic Fifth Avenue, expressed disappointment with the final result, citing issues with the penthouse size, window design, and color scheme.

    Builder Stephen Gallira defended his work, arguing that Carpenter would appreciate the modern updates to the historic building. Gallira faced numerous challenges during the renovation process, including securing approvals from the Landmarks Preservation Commission and navigating supply chain disruptions caused by the COVID-19 pandemic. The project ultimately took three years to complete, with a total cost of hundreds of thousands of dollars.

    Rent for the lower apartments starts at $18,000 per month, while the penthouse is listed for $35,000 per month. Amenities in the building include an elevator and part-time doorman.