The highly anticipated Extell development, One 57, launched sales in November 2011. One 57 is a 90-story condominium tower at 157 West 57th Street, across from Carnegie Hall, that will boast spectacular views of Central Park. One 57 will be ready for occupancy between the end of 2015 and early 2016. The appetite of high-end buyers, especially deep pocket foreigners looking for trophy apartments, is quite strong and has already made One 57 a huge success. One 57 will be one of the highest mixed-used towers in Manhattan, where residents will enjoy exclusive 5-star services provided by the Park Hyatt hotel, which will be located on the lower 30 floors. Christian De Portzamparc is the architect and Thomas Juul-Hansen designed the interiors.
One 57 Sales Update:
According to The Real Deal, as of February 1, 2012, the building is over 30% sold and demand has been very strong, especially for Combinations and Full Floor apartments. The building has already been through one recent price increase and is now averaging around $6,000+ per sq. ft. If you are interested in learning more about this project, including prices and availability, please contact us.
March 7th, 2012
There are only two 2 bedrooms residences left at One57 – 46th floor for $7.8 million and 47th floor for $7.9 million.
April 20th, 2012
One 57 just released two 1 bedroom units starting in the $3mm – $4.5mm range. Units sizes are 1,021 sq.ft. (South exposure) and 1,287 sq.ft. (South & West exposure).
May 18th, 2012
One 57 breaks record announcing a sale price of over $90 million for its duplex penthouse on the 89th and 90th floors, the highest price ever paid for a single residential property in Manhattan. One 57 is now over 50% sold with over $1 billion in total sales since its launch only six months ago.
While this is a record sale, on a per square foot basis, the penthouse sold for over $8,200 square feet which still does not come close to the $13,000 per square foot price paid for the Penthouse at 15 Central Park West only a few months ago. That being said, the sale is a milestone for this iconic building that will be one of the very top buildings in New York City for decades to come.
September 20th, 2012
October 29th, 2012
One 57’s crane, towering over 90 stories tall, has been an early victim of Hurricane Sandy, as it collapsed from the hurricane’s high winds. While, thankfully, it is not the entire crane that has fallen, the top portion of the crane is now dangling above 57th Street. We hope that no one is hurt, so this doesn’t turn into a real tragedy.