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650 First Avenue was originally constructed in 1904 as the headquarters of a brewery. It later served as the home of NYU Langone Health's internal medicine offices. Most recently, developer Lalezarian Properties bought the building for $33.5 million in April 2023 with plans to turn it into a mixed-use building with a residential component.
The conversion will only apply to the southern wing of the building, and four floors are being added, making for a total of 11 flors. Details are not available about the 113 apartments or amenities, but the address and height allow for beautiful East River views. Its proximity to NYU Langone Medical Center will also benefit students and doctors alike.
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