Soros Fund Management lists Manhattan Argonaut Building for $100M

Soros Fund Management has placed the landmarked Argonaut Building in Midtown Manhattan on the market, seeking a price of approximately $100 million. The 1909-built property at 224 West 57th Street comprises roughly 140,000 square feet of office and retail space.

The building is currently largely occupied by the Open Society Foundations, which has held a lease there since 2013 through 2042. TD Bank also maintains a retail presence on the ground floor. Following a successful sale, the billionaire plans to relocate his grant-making group from the premises.

Brokers from Newmark are marketing the property, highlighting its potential for conversion into “best-in-class residences.” The site includes additional air rights that could increase the total buildable space to over 200,000 square feet.