I can't decide if it's condos or a really big parking lot. Based on the trends of the neighborhood, I'm guessing condos... which is somewhat entertaining, since you could practically reach a broom out of what will be windows and touch the 7 train.
This, however, is not what upsets me. If people want to buy stupidly located condos, that's their business. What does upset me is, first, the building they tore down to build whatever this is. That thing was a hideous 60s masterpiece, complete with many hexagons. It will be missed, at least by me. Second is that, now, when coming around the big curve between Queensboro Plaza and 39th Street, the timespan during which a rider on the N or W can catch a nice view of the Empire and Chrysler buildings is cut in half.