One57
Schedule Tour

One57

157 West 57th Street
Condo in Midtown West
16 ApartmentsApts for Sale
6 ApartmentsApts for Rent
View the CityRealty Profile of One57
Listing photos courtesy of Evan Joseph for The Corcoran Group
Construction Update: High Line-Embracing Condo 505 West 19th Street Gets Its Skin
January 8, 2015

Construction Update: High Line-Embracing Condo 505 West 19th Street Gets Its Skin

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The area surrounding the High Line continues to serve as the city's hotbed of avant-garde architecture, and Thomas Juul-Hansen's 505w19 is the latest jewel to stud West Chelsea's verdant necklace. The two-building project, whose 10-story volumes straddle either side of the High Line, will join the ranks of Foster's 551W21, Selldorf's 520 West Chelsea, and Shigeru Ban's Metal Shutter House as a timeless, modern addition that contextually blends into the west side's no-nonsense streetscape. We recently got a peek at the construction of this 35-unit condo development, which is currently getting its skin--a dark-grey saw toothed façade with exposed concrete columns and slab edges.
Take a look at the progress here
Looking Back and Forecasting What’s to Come in the 2015 NYC Real Estate Market
January 1, 2015

Looking Back and Forecasting What’s to Come in the 2015 NYC Real Estate Market

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It's that time of year when we take a look back at the biggest stories of the year and look ahead at what's to come. And if 2014 was the year of the ultra-luxury listing, 2015 shows no sign of cooling down. This past year saw major increases from 2013, with $16.8 billion in residential sales, over 17 percent of which was accounted for by purchases over $10 million. Plus, the top 25 sales of the year all closed for over $25 million. News of big sales at One57 will likely continue, with 520 Park Avenue vying for the title of most-talked-about building. We'll also start hearing more from 30 Park Place, 432 Park Avenue, and the Woolworth Residences. To help you visualize all of these high-rolling record setters and predictions, the folks at CityRealty have put together some handy charts and infographics.
Check out the year in review and 2015 predictions here
Real Estate Wire: Hedge Fund Manager Likely the Buyer of $53M One57 Pad; Queens Historic Sites May Become National Parks
December 31, 2014

Real Estate Wire: Hedge Fund Manager Likely the Buyer of $53M One57 Pad; Queens Historic Sites May Become National Parks

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Hedge fund manager Mark Brodsky, founder of Aurelius Capital Management, is probably the buyer of a $53 million pad at One57. [NYO] Hoboken might not be as frat-tastic as you think. [NYT] 17-property Williamsburg site will likely sell for $80 million. [TRD] Two Queens historic sites, the John Bowne House and the Old Quaker Meeting House in […]

So You Think You Know Everything About One57?
December 22, 2014

So You Think You Know Everything About One57?

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Well, you might want to think twice. Even though the city's most expensive condo building is also perhaps the most written-about (even the Times has run out of ways to describe it), there are still plenty of little-known facts about the 1,005-foot-tall tower. One57 is considered the crown jewel of what's been dubbed "Billionaire's Row," and can also be credited with launching the ultra-luxury building boom. Developed by Extell's Gary Barnett and designed by Pritzker-winning architect Christian de Portzamparc, the sleek tower is currently the second tallest structure in the city. And that's just the beginning.
Bone up on your One57 factoids here
Vote for 2014’s Building of the Year!
December 17, 2014

Vote for 2014’s Building of the Year!

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There is no shortage of towers on the rise in Manhattan, but amongst these glass and stone beauties are a handful that stand head and shoulders (and several hundred feet) above the rest. A red hot real estate market and cutting edge building technology have paved the way for towers of both unprecedented heights and prices. But worthy of equal credit are the visionary developers and architects who dare to change the NYC skyline. Here we've handpicked 12 of the most newsworthy buildings of 2014; these towers boast groundbreaking designs and record-breaking (or soon to be record-breaking) prices. But we ask you: Out of the dozen, which deserves the title "Building of the Year?" Cast a vote above to help us decide which is 2014's most important tower! Extended by popular demand… Voting ends TODAY, December 12th at 11:59 PM WEDNESDAY, December 17th at 11:59 PM and we’ll reveal the winner on Friday, December 19th. And if you’re still torn between two (or all), jump ahead for the low-down on each, from height to 2014 news highlights.
More on each of the buildings here
One57, Apartment 32D
One57, Apartment 32D
Listing photos courtesy of Brown Harris Stevens
One57, Apartment 32D
One57, Apartment 32D
Listing photos courtesy of Brown Harris Stevens
One57, Apartment 32D
One57, Apartment 32D
Listing photos courtesy of Brown Harris Stevens
One57, Apartment 32D
One57, Apartment 32D
Listing photos courtesy of Brown Harris Stevens
Former Padres Owner’s Ex-Wife Buys $55M Unit at One57, Second-Highest Condo Sale of the Year
December 5, 2014

Former Padres Owner’s Ex-Wife Buys $55M Unit at One57, Second-Highest Condo Sale of the Year

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Just yesterday, Bloomberg released a grim report that sales had come to a halt at One57, as only one condo unit was sold in the third quarter. But it looks like the fourth quarter might prove a bit more optimistic for the city's most expensive building. According to city records released today, Rebecca Moores, ex-wife of John Jay Moores, entrepreneur, philanthropist, and former owner of the San Diego Padres, dropped $55.5 million on unit 81 at the building, making it the second-highest condo sale of the year, according to CityRealty. The number one spot also goes to One57 for Bill Ackman's $90 million flip-happy purchase. The former couple also made real estate headlines in 2013 when they listed their Del Mar, California home for $23 million, making it one of the most expensive in the San Diego area and probably the only one with its own moat. Let's take a look, though, at Rebecca's latest property venture at One57.
Check out the floor plan
One57 Is the City’s Most Expensive Condo Building
November 13, 2014

One57 Is the City’s Most Expensive Condo Building

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15 Central Park West has held strong as the most expensive condo building in New York City for the last two quarters, according to CityRealty. But while perusing their latest report we were led to their dynamic CR100 building list which reveals that.... wait for it... One57 is, as we speak, the most expensive building in the city. With an average closing price of $6,703 per square foot, this building boasts a per-square-foot premium of $286 per square foot over its predecessor, 15CPW. Units currently up for grabs also top the charts at an incredible $6,719 per square foot.
READ MORE
Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

One57 and the view from the $90 million penthouse

October 28, 2014

Will Bill Ackman Be Able to Pull off a $90M Condo Flip at One57?

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It's true that One57′s first flip saw a $3.5 million profit in just five months, but that unit sold for $34 million the second time around. A selling price of more than $90 million is a different story--and that's exactly what hedge fund manager William (Bill) Ackman is hoping to achieve. In a profile in the Times on Sunday, Ackman was revealed as the buyer of the $90 million penthouse at the luxury building, which is sure to see its share of flips. But he also shared that he has no intention of ever living in the apartment. He'll stay with his wife and daughters at their current home in the Beresford and use the penthouse as a "fun" investment opportunity for himself and some good friends, perhaps hosting a few parties there in the meantime.
More on the planned flip here
One57’s First Flip Sees a $3.5 Million Profit Just Five Months Later
October 3, 2014

One57’s First Flip Sees a $3.5 Million Profit Just Five Months Later

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The first of what's sure to be many flips at One57 has just netted its seller a respectable $3.45 million profit, just five months after its purchase. According to NYDN, the former owner, Investor Sso Enterprises, paid $30.55 million for the 58th-floor three-bedroom back in May, now selling it off for $34 million to hedge fund manager Harvey Sandler and his wife.
Inside the massive apartment
<b>Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)</b>
October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

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It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers
Curb Appeal: The Psychology of Moving Buyers from Cab to Curb to Contract
August 13, 2014

Curb Appeal: The Psychology of Moving Buyers from Cab to Curb to Contract

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Great neighborhood? Check. Great apartment? Check. Curb appeal? Killer first impressions can be long lasting — and whether it’s a newly advertised flavor of Ben & Jerry’s, an ad for Tory Burch’s latest shoe collection —or finding new digs, “love at first sight” spot-on marketing moments play a sizeable role in how we make our decisions. Industry experts note that a large percentage of a house hunter's decision to explore a property further than the curb is based the project’s “wow” factor. Truth is, it sets the “perception” stage of what’s to come beyond a grand entrance or swanky lobby that was designed to provide a sense of arrival and belonging. Obviously, at the end of the day, a building’s outside will only persuade potential buyers to see more, and first impressions can vary from one individual to the next, but the “I was meant to live here” moment is fairly universal.
How a building's design tugs at your desire to 'be someone'
Real Estate Wire: Hyatt Pays $390M for Full Stake in One57; Two Trees to Spend $10M to Preserve Domino Factory Relics
August 8, 2014

Real Estate Wire: Hyatt Pays $390M for Full Stake in One57; Two Trees to Spend $10M to Preserve Domino Factory Relics

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Two Trees Management is throwing down $10M to salvage industrial artifacts from the Domino Sugar Factory. [Curbed] A look inside Brooklyn’s John Street Condos. [Curbed] PRD Realty is trying once again to file a mixed-use rental plan for a site near the Barclays Center. The developer was rebuffed two years ago by neighbors who were against […]

Do Not Disturb! Peeking Into the NYC Condo Hotel Market
July 24, 2014

Do Not Disturb! Peeking Into the NYC Condo Hotel Market

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Who wouldn't want to be able to order a juicy burger in the middle of the night and have it delivered in mere minutes? Or never have to worry about making the bed or folding sheets ever again (does anyone know how to fold the fitted sheet properly)? How about having an on-call masseuse? This is the life of living in a condo hotel. Today, the city is teeming with these luxurious hybrids. The Residences at the Ritz Carlton in Battery Park City are home to the city's most expensive listing at $118 million. The landmark Plaza Hotel was partially converted to 181 residences in 2008. And let's not forget One57, the 90-story, 52-condo tower that will be the first five-star luxury hotel to rise in New York City in the last ten years. But do the vacation-worthy amenities at these buildings make them dominant in the real estate market?
We take a closer look
Weekly Market Snapshot: The Week of June 18, 2014
June 18, 2014

Weekly Market Snapshot: The Week of June 18, 2014

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For the week of May 19, 2014, 81 condos sold for an average price of $3.1 million, while 123 coops sold for an average of $1.3 million. The Walker Tower, One57, and the newly opened Marquand stole the top three spots for most expensive sales that week. NYC's soon-to-be-tallest residential tower at 432 Park Avenue surpassed its 1,000-ft mark this week and is now taller than any rooftop north of the Empire State Building. The Vinoly-designed building will top out at 1,397 feet – taller even than One World Trade Center. Beauty or beast? We take a closer look at the Herzog & de Meuron-designed 40 Bond — form, function, sales prices and all.   For market trends, top residential sales, and the latest starchitecture news, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
get the report here

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