Malabar Residences
126 East 57th Street, New York, NY 10022
BBL 1013110013 · BIN 1091817
- Type
- Condominium
- Landmark
- No
- Amenities
- Rooftop swimming pool, fitness center, private indoor basketball court, attended lobby
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Malabar Residences would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
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.
Architecture and residences
ODA's design is the building's signature. The 28-story tower is composed of cast-in-place concrete in cascading tiers, with setbacks and projecting volumes that give the façade its distinctive cascading, "pixelated" rhythm — a deliberate departure from the flat curtain walls of most Midtown new construction. The form generates terraces and varied light across the building rather than a single uniform shaft.
The 145 residences span studios to three-bedroom penthouses, averaging roughly 1,150 square feet, with the contemporary ceiling heights, floor-to-ceiling glass, and modern mechanical systems that new construction delivers. The broad unit mix is intentional: it makes a Billionaires'-Row-adjacent address attainable to first-time condominium buyers and pied-à-terre purchasers, not only the trophy market — a positioning that distinguishes Malabar from the ultra-luxury towers nearby.
Amenities and lifestyle
The amenity program is scaled well beyond the building's price point: a rooftop swimming pool, a fitness center, and a private indoor basketball court, served by an attended lobby. A rooftop pool and an indoor court together are an unusual pairing in Midtown East, and they anchor the building's lifestyle pitch to active and younger buyers.
The location does the heavy lifting. At Lexington and 56th, with a foot on East 57th Street, the building sits at the threshold of Billionaires' Row, steps from the Lexington Avenue 4/5/6 and the 57th Street N/Q/R/W lines, blocks from Central Park, the Plaza District's flagship retail, Carnegie Hall, and the East 57th Street gallery and design corridor. Few new buildings at this price tier put a buyer this close to the heart of prime Midtown.
Ownership and what buyers should know
As a new condominium, Malabar offers the structural advantages that define the form. Financing is flexible — condominiums do not impose co-op financing caps. There is no board admissions process — purchases clear a condominium right-of-first-refusal rather than a board package and interview. Pied-à-terre, trust, LLC, and investment purchases are customary, and resale and subletting are materially freer than at the surrounding cooperatives. For buyers who want a Billionaires'-Row-adjacent address with full ownership flexibility, that combination is the core of the case.
It is still delivering. With completion anticipated in 2026 and sales underway, a purchase here is a new-development transaction: the residences are offered under a condominium plan filed with the New York State Attorney General, and closing mechanics, common-charge and tax projections, and finish selections follow that plan and the construction timeline. We help buyers read the offering plan, benchmark the pricing against the new-condominium and Midtown trophy-adjacent set, and structure the deal.
Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jul 24, 2019 | — | $9,843,481.02 |
| Dec 17, 2014 | — | $5,575,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01311-0013) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
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) — a 2006 full-service condominium
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Malabar Residences?
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