Manhattan's Hit Factory Going Condo

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The legendary Manhattan music studio, the Hit Factory, at 421 W. 54^th St. is being converted to residential condominiums. It will have 27 units ranging in price between $1 million and $4 million. The building, where superstars such as John Lennon, Bruce Springsteen and Stevie Wonder all recorded albums, was acquired by Arizona developer Scott Turkington and two other investment teams for $17.5 million. The property will retain the ground-floor retail space rented by Gibson Guitar Baldwin Piano that performing artists can use for rehearsals. The condo complex is to open early next year.