The highly anticipated development, One 57, launched sales in November 2011 and opened its doors in 2014. One 57 is a 90-story all glass condominium and hotel tower at 157 West 57th Street, across from Carnegie Hall, that boasts spectacular views of Central Park. One57 lies on West 57th Street between Sixth and Seventh Avenues, a location that essentially bisects the park, creating unprecedented symmetrical sky-high views north to Central Park. Such views are an incredible feature of the building. The 1,005 foot glass tower was designed by French architect Christian Portzemparc with interiors by Thomas Jul Hansen.
Most residences are large, in the 3,300 to 6,800 sq. ft. range; however, it is one of the only ultra-luxury towers that has a handful of smaller 2-bedroom and 1-bedroom apartments. Each meticulously planned residence has rooms with large proportions and great light from the floor-to-ceiling windows. Interiors are made of the finest materials. One57 has parking and every amenity imaginable, including many resident-only amenities. But, having Park Hyatt’s flagship 5-star luxury hotel on the lower floors is, perhaps, its best amenity, as owners can use the 5-star hotel facilities, including 24-hour room service and maid service, on an a la carte basis. Extell, the developer of One57, is the true pioneer of the NYC “ultra-luxury tower” and, currently, the one to beat. The driving force around the re-creation of 57th Street into Billionaire’s row, Extell has graced NYC with such a great iconic landmark. Exclusive sales by Extell and Douglas Elliman.
One 57 Sales Update Chronology:
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.
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.
October 30th, 2012
June 9th, 2013
January, 18th 2015
Duplex Penthouse sells for record breaking $100.5 million, making it the most expensive condo sale in NYC. The price per square foot works out to $9,200 for the 10,923 square foot duplex penthouse on the 89th and 90th floors. This is an amazing feat for Extell and solidifies One57 as one of the very best buildings in Manhattan. Currently, the building is now 80% sold and Gary Barnett of Extell indicates that he believes the tower will be sold out by the end of the year. Most of the remaining units are on lower floors and start at close to $5,500 psf. Contact us if you would like more detailed information about the building.