The building was designed by Griffith Thomas in 1871 and was completed in 1871 or 1872.[2][3] It is styled in the cast-iron architecture of its day, which is common in the area, but is distinguished from its neighbors by its bright white facade, its richly decorated Corinthian columns, and its curved glass corner.[3][4] Built for William Gunther, a prominent 19th century furrier,[3] the building was originally used as a warehouse for textiles and furs. Today it is used as a co-op primarily by artists and architects.[3][5][6]Lenny Kravitz was once a resident.[6]
In 2001 Beyhan Karahan and Associates completed a five-year project to restore the building's facade.[3] The firm also restored the bullet glass sidewalk and steps. The following year the firm's restoration received the Excellence in Historic Preservation Award from the Preservation League of New York.[8]