Converted former brewery in Murray Hill opens lottery for 28 apartments, from $940/month

By Aaron Ginsburg, December 24, 2025, 6sqft.com

Credit: NYC Department of Housing Preservation and Development

A former brewing company headquarters in Murray Hill, later converted into medical offices, has been reimagined once again. Now a residential development, the building at 650 First Avenue opened a housing lottery for 28 mixed-income apartments. The 11-story building first served as the Kips Bay Brewing Company’s headquarters more than 120 years ago, and has been transformed by developer Lalezarian Properties into 111 residences, according to CityRealty. New Yorkers earning 40, 80, and 100 percent of the area median income can apply for the units, priced from $940/month studios to $3,290/month two bedrooms.

Qualifying New Yorkers can apply for the apartments until February 18, 2026. Complete details on how to apply are available here. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.