Parc Beaufort Condos: What the Offering Plan Says

Updated Oct 12, 2026 · 6 min read

Parc Beaufort is a 1907 landmark office building on West 57th Street being converted into 47 condo apartments over a supermarket. Its offering plan details double-height homes, Kohler and Gessi baths, a shared roof terrace, a non-union staff with a 24-hour concierge, and a sponsor that can rent rather than sell units.

In brief: Parc Beaufort at 140 West 57th Street is a landmark office building from about 1907, being gut-renovated into 47 condo apartments above a ground-floor supermarket. Its offering plan describes studios to three-bedrooms, many with double-height living rooms, plus a shared roof terrace, a fitness center and a 24-hour concierge. What sets it apart: the sponsor keeps an unconditional right to rent unsold homes, so it may control the board indefinitely, and first-year property taxes are based on the building before renovation, so they could rise.

What's Specific to It

• Double-height homes. Ten units, including the A line on odd floors and both terrace penthouses, have double-height spaces with ceilings up to about 19 feet 10 inches. These areas must stay open and can't be filled in.
• Landmark rules. Any work on or in the building needs approval from the Landmarks Preservation Commission. The condo board pays the cost of complying with landmark rules.
• The sponsor can rent instead of sell. If it holds enough unsold units, it may control the board long after the usual five-year control period ends.
• A supermarket downstairs. The commercial unit is leased to Crimson & White LLC as a supermarket. Its owner gets one of six board seats, and residential owners get none of its rent.
• Taxes may jump. First-year tax estimates use the pre-renovation assessment, and the plan warns taxes may rise materially once the building is reassessed. No tax abatement is assumed.
• Non-union staff. The staff is hired through a third party, not employed by the condo, and paid at least the state minimum wage rather than prevailing union rates.

Listing photos of Parc Beaufort can show you the light and layouts. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.

At a Glance

• What it is: a former office building from about 1907, on 57th Street between Sixth and Seventh Avenues, being gut-renovated. The facade, the 57th Street windows, the structure and the ground-floor retail stay.
• Size: 47 apartments on floors 3 through 12, plus penthouse floors 15 and 16 (marketing floor numbers). There are also 16 storage bins and one commercial unit. No parking.
• Layouts: 3 studios, 28 one-bedrooms, 13 two-bedrooms and 3 three-bedrooms, from about 500 to 1,790 sq ft. Two penthouses on floor 15 have private terraces of about 360 sq ft.
• Offering prices: about $955,000 for a studio to $4.65 million for a three-bedroom, about $102.5 million in all. These are asking prices, not sales.
• Common charges: roughly $1,000 to $3,700 a month, depending on the unit, under the sponsor's first-year projection.

Finishes

Kitchens

Every home gets a refrigerator/freezer, an induction cooktop, a convection oven, a speed oven/microwave and a dishwasher. Cabinets are custom by Spectrum Kitchens or equal, and counters are 1¼-inch Emperador marble. The plan's text doesn't name the appliance brands. See gas vs. induction stoves.

Bathrooms

Toilets, sinks and tubs are Kohler. Faucets, shower fittings and accessories are Gessi in a warm bronze finish, with Traymore medicine cabinets. Secondary baths get a Kohler tub. For context, see bathroom brands in NYC luxury condos.

Floors and ceilings

• Floors: engineered North American oak, 6½-inch planks, over a rubber underlayment.
• Ceilings: about 8½ to 9¾ feet in single-height rooms, and up to about 19 feet 10 inches in double-height ones. Lower at soffits and beams.

Laundry, heating and cooling

• Laundry: every home has a ventless washer and dryer. There's also a shared laundry room on the third floor.
• Heating and cooling: a new Lennox variable refrigerant flow (VRF) system. Hot water comes from Con Edison steam.
• Electricity: each home has its own Con Edison meter, and you pay for your own power, including your heating and cooling.

Compare with NYC condo heating and cooling systems.

Amenities

For 47 homes, the list is short:

• Roof: a shared outdoor terrace of about 1,780 sq ft.
• Second floor: a fitness center and a lounge/co-working room.
• Third floor: a package room, laundry room, bike room (at least 11 bikes) and storage room.
• Ground floor: the lobby, mailboxes and cold storage for food deliveries.

Good to know: amenities may not open until up to 12 months after the first closing. The bike room may carry a monthly fee.

Tip: storage bins are sold separately as licenses, not deeded units, for $35,000 to $55,000. They're small (about 9 to 14 sq ft), not climate controlled, and carry a fee of about $2.50 per sq ft a month. See condo storage units and amenities by building size.

Staffing and Services

The plan projects a modest, non-union staff:

• 1 full-time live-out superintendent
• 3 full-time porters
• A concierge 24 hours a day, 7 days a week

The lobby is to be staffed around the clock from the first closing. Two passenger elevators serve the homes. See where condo common charges go for context.

What It Costs to Run

The sponsor projects a first-year budget of about $1.3 million (October 2026 to September 2027). Residential owners carry about $1.14 million, and the commercial unit pays the rest. A few lines stand out:

Staff is about 46% of the budget, and residential owners pay almost all of it. Common charges run about $1,000 a month for a studio to about $3,700 for a three-bedroom. Estimated property taxes add roughly $1,200 to $4,300 a month. Read more on common charges and estimating condo property taxes.

Good to know: the budget sets aside $10,000 for a replacement reserve. At closing you pay one month's common charges to the working capital fund and one month's to the reserve. See the working capital contribution.

Fine Print Worth Knowing

• Sponsor control. The sponsor controls the board for up to five years after the first closing. Because it can rent rather than sell, it may hold a majority of units and control the board indefinitely. The plan also warns that many residents may be renters.
• Right of first refusal. The board has a right of first refusal on sales and leases. It can't otherwise approve or reject buyers.
• Sales events. For up to 10 years after the first closing, the sponsor can use common areas for sales and promotional events at no charge.
• Old building issues. Lead paint was found in existing walls, railings and windows. The plan says walls were covered with new drywall and other surfaces cleaned or replaced.
• Contract terms. You pay a 10% deposit at signing and another 10% later. Financing isn't a contingency, and you waive a jury trial. Late closings cost 0.04% of the price per day.
• Air rights. The sponsor keeps unused development rights and may sell them, though not to add floors to this building.

Who's Behind It

• Sponsor: FGN 140 Fee Owner, LLC, care of The Feil Organization
• Architect: MdeAS Architects
• Managing agent: Broadwall Management, at a first-year fee of $65,000
• Selling agent: Corcoran Sunshine Marketing Group
• Sponsor's counsel: Holland & Knight
• Budget expert: FirstService Residential

The plan doesn't name an interior designer.

Common Questions

Does Parc Beaufort have outdoor space?

Yes. All residents share a roof terrace of about 1,780 sq ft. Two penthouses on floor 15 also have private terraces of about 360 sq ft each.

How much are common charges at Parc Beaufort?

Under the sponsor's first-year projection, about $1,000 to $3,700 a month depending on the unit. Estimated property taxes add roughly $1,200 to $4,300, and the plan warns those may rise after reassessment.

Can owners change the outside of the building?

Not on their own. The building is a city landmark, so work on or in it needs Landmarks Preservation Commission approval, which can add cost and conditions.

Where this comes from: the building's offering plan (CD250149), filed with the New York Attorney General, including its Schedule A price list and Schedule B first-year budget. Prices are the sponsor's offering prices, not sales. Updated October 2026.