The Centrale
138 East 50th Street, New York, NY 10022
BBL 1013047502 · BIN 1090524
- Year built
- 2019
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
- Doorman
- Full-time doorman
Every recorded sale at this building, 2019–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,962
- floor-adjusted, 9 sales
- Listing discount
- 9.1%
- Recorded sales
- 122
- On record
- 2019–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Centrale 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.
The Centrale is one of the cleaner statements of new-construction luxury in Midtown East: a slender Pelli Clarke Pelli tower that rises some 800 feet on a quiet block between Lexington and Third, delivering a wellness-and-services program scaled to a far larger building across just 124 condominium homes. Completed in 2019 by Ceruzzi Properties, it answered a specific market gap — ground-up condominium product on a corridor long dominated by older co-ops and commercial stock.
The architecture carries the signature of Cesar Pelli's office: an Art Deco-inflected massing that tapers as it climbs, clad in a contemporary glass curtain wall that reads as crisp and vertical against the Midtown grid. A porte-cochère gives the building a hotel-grade arrival sequence rare for the neighborhood, and the upper floors capture long views across the East Side, the river, and the Midtown skyline.
For buyers, the case is the combination: a 2019 condominium with a deep amenity suite, in the dead center of Midtown's transit and commercial gravity, with no co-op board admission; confirm pied-à-terre, leasing and LLC or trust ownership rules in the declaration and bylaws.
Architecture and unit composition
Pelli Clarke Pelli designed the Centrale as a setback tower in the Deco tradition, its mass stepping inward as it rises so the silhouette reads as a refined vertical object rather than a flat slab. The glass envelope and the building's height combine to give the residences exceptional light and outlook, with the upper floors commanding panoramic views.
The 124 residences run from one- through five-bedroom layouts, including full-floor tower homes at the top of the building. Interiors are specified to a new-construction luxury standard — open kitchens, large windows, refined baths, and contemporary ceiling heights and mechanical systems; assess these features from the individual plans and specifications. The full-floor residences, with private elevator-landing entry, are the building's crown.
Building operations
The Centrale runs as a full-service condominium with a hospitality posture. Residents arrive through a dramatic porte-cochère into an attended lobby, and the amenity program is unusually deep for the unit count: a 75-foot lap pool, a fitness center, sauna and steam rooms, spa treatment rooms, a private dining room, a club lounge, a conference room, and a wellness suite, plus landscaped terraces including a pet-friendly garden terrace. As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board; confirm financing, pied-à-terre, leasing and ownership-entity rules in the current declaration, bylaws and house rules. The location places residents within steps of the 6 train at 51st Street and the E and weekday F at Lexington Avenue–53rd Street, with Grand Central a short walk south.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Background Report FeeConditional · Per applicant | Paid by Buyer | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Not stated |
| Processing Fee | Paid by Buyer | When With the application | Amount $700 ($750 without a Broker) | Refundable Not stated |
| Working Capital Contribution Fee | Paid by Buyer | When With the application | Amount An amount equivalent to two (2) month's common charges | Refundable Not stated |
| Move Out Fee | Paid by Seller | When With the application | Amount $1,000 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Post Closing Document Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Fee | Paid by Landlord | When With the application | Amount $1,000 | Refundable Not stated |
| Application Fee | Paid by Tenant | When With the application | Amount $700 ($750 without a Broker) | Refundable Not stated |
| Background Report FeeConditional · Per applicantRequired | Paid by Tenant | When With the application | Amount $125 per applicant (additional $75 for criminal check if required by the Board) | Refundable Non-refundable |
| Move In Fee | Paid by Tenant | When With the application | Amount $1,000 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Landlord | When With the application | Amount $1,000 | Refundable Refundable |
| Move In Deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Processing Fee | Paid by Landlord | When With the application | Amount $300 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $1,200 per room a monthMedian of 33 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.68 per square foot a monthMedian of 35 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $2.00 per square foot a monthMedian of 46 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.72 per square foot a monthMedian of 46 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, pool, spa, residents' lounge, co-working space, gardenSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $71,116/yr
- 2030–2034 annual penalty
- $300,594/yr
- Per unit / month range
- $48 – $202
- Modeled exposure split equally across 124 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 24, 2026 | 12C | 2 BR · 2 BA · 1,343 sf | $2,300,000 | $1,713/sf | -7.1% |
| Aug 21, 2026 | 53A | 2 BR · 2.5 BA · 1,636 sf | $3,395,000 | $2,075/sf | -8.2% |
| Aug 17, 2026 | 29A | 1 BR · 1.5 BA · 1,038 sf | $1,955,000 | $1,883/sf | -3.5% |
| Jul 22, 2026 | 69 | 3 BR · 3 BA · 2,705 sf | $6,600,000 | $2,440/sf | -8.3% |
| Jun 29, 2026 | 17DSponsor Sale | 2 BR · 2 BA · 1,207 sf | $2,175,000 | $1,802/sf | -20.9% |
| Jun 23, 2026 | 28ASponsor Sale | 1 BR · 1.5 BA · 1,038 sf | $1,955,000 | $1,883/sf | -2.0% |
| Jun 15, 2026 | 63 | 4 BR · 4 BA · 2,777 sf | $6,425,000 | $2,314/sf | -6.8% |
| Jun 4, 2026 | 51BSponsor Sale | 1 BR · 1.5 BA · 1,126 sf | $2,350,000 | $2,087/sf | -15.9% |
Market read. Most recent trades (2026 to date) cleared a median $1,962/sf (floor-adjusted) across 9 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 9.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01304-7502; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at The Centrale, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 8 | $10,715 |
| 3 bedroom | 2 | $25,225 |
10 closed leases, October 2023 to September 2026. Most recent lease July 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Centrale and nearby.
At the recent median sale of $2.87M (28 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $116,195 to close, or 4.0% of the price.
- Mansion tax: $35,906
- Mortgage recording tax: $41,472
- Title insurance: $12,926
- Attorneys, lender, building fees, reserves and filings: $25,891
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Centrale and its market
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What to know if you’re buying
The Centrale is a new condominium with deep amenities. There is no board admissions process — purchases clear a right-of-first-refusal rather than a board package and interview. Confirm financing, pied-à-terre, LLC, trust and leasing rules in the current declaration and bylaws.
Buyers should focus on floor and exposure — the upper tower floors carry the views and the premium — and weigh the value of the amenity suite, which is comprehensive enough to function as a private club for a building of this size. For a purchaser who wants a turnkey, full-service home in the center of Midtown without a co-op board, the Centrale is among the strongest options on the corridor.
What to know if you’re selling
The new-construction condominium structure, the Pelli Clarke Pelli design, and the resort-grade amenity suite are the marketing core, and they distinguish a resale here from the older stock nearby. Benchmark to Midtown East's newest luxury condominiums rather than to neighboring co-ops; the building debuted at premium pricing, and a resale belongs in that comparison set.
Closing mechanics are condominium-standard — a right-of-first-refusal rather than a co-op board process. With 124 units and a still-young resale market, well-positioned high-floor inventory benefits from limited comparable supply on the corridor.
Comparable buildings
If you're considering the Centrale, the relevant set is Midtown East's full-service and new-construction inventory:
- 100 East 53rd Street — new-construction luxury tower nearby
- 135 East 54th Street — Midtown East full-service building
- 400 East 51st Street (The Grand Beekman) — large-format East Side condominium
- 425 East 51st Street — Beekman-area full-service building
- 345 East 56th Street — Midtown East residential building
More Midtown East buildings
- 135 East 47th Street (Monogram New York) — 2021 condominium by Ismael Leyva Architects
- 135 East 54th Street (The Lex 54 Condominium) — 1951 condominium by Rosario Candela
- 136 East 56th Street — 1962 co-op
- 141 East 55th Street (The 141 Condominium) — 1956 condominium
- 142 East 49th Street — 1924 co-op
- 145 East 48th Street (The Cosmopolitan) — 1986 condominium by Gruzen Samton Steinglass
The neighborhood
For the full corridor — architecture, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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 The Centrale?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com