- Year built
- 2019
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,993
- Listing discount
- 10.9%
- Recorded sales
- 115
- On record
- 2007–2026
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, with all the financing and ownership flexibility that implies, 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 brand-new condominium with a deep amenity suite, in the dead center of Midtown's transit and commercial gravity, structured for the flexibility — pied-à-terre, investment, LLC and trust ownership, freer resale — that a condominium offers and the surrounding co-ops do not.
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 the contemporary ceiling heights and mechanical systems that only ground-up construction delivers. 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, and financing, pied-à-terre, trust, and investment ownership are accommodated. The location places residents within steps of the 6 train at 51st Street and the E/M at Lexington, with Grand Central a short walk south.
Local Law 97
- 2024–2029 annual penalty
- $71,116/yr
- 2030–2034 annual penalty
- $251,820/yr
- Per unit / month range
- $48 – $169
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 15, 2026 | 63 | 4 BR · 4 BA · 2,777 sf | $6,425,000 | $2,314/sf | -6.8% |
| May 21, 2026 | 21A | 2 BR · 2.5 BA · 1,446 sf | $2,600,000 | $1,798/sf | -5.5% |
| May 15, 2026 | 68 | 3 BR · 3 BA · 2,684 sf | $7,195,000 | $2,681/sf | off-mkt |
| Mar 23, 2026 | 41B | 2 BR · 2.5 BA · 1,467 sf | $3,100,000 | $2,113/sf | -11.3% |
| Feb 2, 2026 | 24B | 2 BR · 2.5 BA · 1,592 sf | $2,995,000 | $1,881/sf | -11.3% |
| Nov 13, 2025 | TR61 | 4 BR · 4 BA · 2,756 sf | $6,295,000 | $2,284/sf | -7.4% |
| Oct 1, 2025 | TR64 | 3 BR · 2,756 sf | $6,400,000 | $2,322/sf | -7.2% |
| Sep 26, 2025 | 26A | 1 BR · 1.5 BA · 1,038 sf | $1,916,000 | $1,846/sf | -4.2% |
Market read. Most recent trades (2026) cleared a median $1,993/sf across 3 sales. Median listing discount 10.9% 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) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
The Centrale offers what its Midtown East neighbors structurally cannot: a new condominium with deep amenities and the flexibility of condominium ownership. Financing is flexible — there is no co-op financing cap. There is no board admissions process — purchases clear a right-of-first-refusal rather than a board package and interview. Pied-à-terre, LLC, trust, and investment purchases are customary, and resale and subletting are materially freer than at the surrounding cooperatives.
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 predictable condominium timelines that themselves appeal to the flexibility-minded buyer this building attracts. 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
The Roebling Team at The Centrale
The Roebling Team at Compass specializes in Midtown East, the Turtle Bay and Beekman corridors, and the broader full-service Manhattan market. We publish this profile because buyers and sellers evaluating new-construction luxury in Midtown East deserve building-specific intelligence — the amenity program, the ownership structure, and where the pricing sits against both new and established inventory.
If you're considering a purchase or sale at 138 East 50th Street, a 30-minute consultation is the right starting point.
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