The Pfizer Tower Near-Collapse
A landmark office tower buckled mid-conversion this week, and the mayor's housing plan runs straight through buildings just like it.

Two columns buckled on the 21st floor of 235 East 42nd Street, MetroLoft's conversion of the former Pfizer headquarters into 1,600 apartments, forcing an FDNY evacuation Tuesday [32][104]. Crain's reports engineers believe the failure was structural, and developer Nathan Berman says the firm will rebuild all 15 affected floors [104]. The site's first safety complaint dates to spring 2025, and none of its violations were ever fined [104].
“Office-to-residential conversions are and will continue to be an important part of our response to the housing crisis.”
“I don't think this is going to chill anybody, but I think it's going to remind everybody that these projects are complicated.”
- 150+commercial buildings the city has approved for apartment conversions over the past five years, with no sign of a chill after this week [32]
- 0fines paid on the building's safety violations before this week's near-collapse [104]

