- Type
- Condominium
- Landmark
- No
- Amenities
- Rooftop swimming pool, fitness center, private indoor basketball court, attended lobby
Malabar Residences, at 126 East 57th Street, is a ground-up condominium designed by ODA Architecture for MRR Development — the New York real-estate arm associated with Anand Mahindra's group — at the corner of Lexington Avenue and East 56th Street, with a slender panhandle extension reaching through to East 57th. Rising 28 stories in cascading, cast-in-place concrete tiers, it is one of the more architecturally distinctive new buildings in Midtown East: a "pixelated" totem of stacked, setback apartments that reads as sculpture against the surrounding masonry.
The building's name and design draw on India's Malabar Coast — historically the center of the global spice trade — and the concept carries through a building conceived as a piece of design rather than a generic tower. Its position is strategic: at the foot of East 57th Street, the spine of Billionaires' Row, it offers proximity to the city's most prestigious residential corridor and its trophy retail and cultural anchors, at a price tier that opens the address to a far broader set of buyers than the supertalls a few blocks west.
For buyers, the appeal is the combination of a marquee design, a deep amenity set, and a genuinely accessible entry point — studios reported from around $1.4 million — inside one of Manhattan's most central and prestigious orbits.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
What to know if you’re selling
The architecture and the address are the marketing core. A distinctive ODA-designed building at the foot of Billionaires' Row, with a rooftop pool and an indoor court, is a durable set of differentiators that sets a resale here apart from the standard Midtown East condominium stock.
Benchmark to new and recent condominiums, not the prewar co-op neighbors. Comparable analysis for a resale belongs against the newest condominium inventory in Midtown East and along the East 57th Street corridor, adjusted for floor, exposure, and outdoor space.
Closing mechanics are condominium-standard. A resale clears through a right-of-first-refusal rather than a co-op board process, with predictable condominium timelines — itself a selling point to the flexibility-minded buyer this building attracts.
Early resales trade on scarcity and design. With the first owners just taking title, available inventory will be thin; a well-positioned resale benefits from the building's debut pricing, its marquee design, and the limited supply of comparable new product at this price tier near Billionaires' Row.
Comparable buildings
If you're considering Malabar Residences, also evaluate nearby Midtown East and Plaza District inventory:
- 100 East 53rd Street — Midtown East luxury condominium
- 135 East 54th Street — full-service Midtown East building
- 117 East 57th Street — building on the same street
- 305 East 51st Street (Halcyon) — Midtown East condominium with pool
- 250 East 53rd Street (The Veneto) — Midtown East condominium
The Roebling Team at Malabar Residences
The Roebling Team at Compass specializes in Midtown East, the Plaza District, Billionaires' Row, and the broader new-construction condominium market. We publish this profile because buyers and sellers evaluating new construction deserve building-specific intelligence — the design, the ownership structure, the amenity program, and where the pricing sits against the new-condominium set.
If you're considering a purchase at Malabar Residences, a 30-minute consultation is the right starting point — we'll walk the plan, the pricing, and the comparison set with you.
Get the full picture on this building.
Current availability including off-market, the full comp set, and the board & financials read most listings don't show.