Take a look inside the biggest-ever office building to be transformed into homes in New York City

• The dual crises of vacant office buildings and a housing shortage is incentivizing conversions.
• 160 Water Street is a 1970s Manhattan office tower being converted into nearly 600 homes.
• But the high cost of conversion construction means rent is on the high end of market-rate. 

The old cubicles in New York City's 160 Water Street are looking a bit different these days. That's because the old office building has a new lease on life — as a swanky downtown apartment building.