In an unassuming corner of the city, perhaps the last one left, an under-appreciated brick building is about to undergo a transformation into yet the latest luxury development to hit a city that always seems to have room for another.

They don’t make ‘em like they used to. Between the glassy monstrosities sprouting up downtown and the faux- pre-war developments so popular among foreign buyers further north, New Yorkers are hard pressed to find a classic old building.