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Steel Beams and Sagging Floors | Real Estate News
A Midtown Manhattan office-to-apartment conversion hit a major snag when a 21st-floor steel beam failed and support columns buckled, causing upper floors to sag—no injuries, but the building was shut down. This incident underscores a nationwide boom in conversions, with nearly 91,000 units planned for next year, especially in NYC thanks to tax incentives for affordable housing. But experts warn: not all buildings are equal. Structural integrity depends on original construction, conversion quality, and developer history. Older lofts in Tribeca and SoHo may be built to last, but newer office…
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