One57 (157 West 57th Street)
157 West 57th Street, New York, NY 10019
Central Midtown
BBL 1010107506 · BIN 1088565
- Year built
- 2010
- Type
- Condominium
- Units
- 92
- Floors
- 75
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2013–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $3,766
- Listing discount
- 12.2%
- Recorded sales
- 189
- On record
- 2013–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at One57 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.
One57 is the building that started Billionaires' Row. When Gary Barnett's Extell Development Company broke ground at 157 West 57th Street in 2010, the project was understood within the New York development community as a substantial gamble: that the Midtown stretch of 57th Street between Fifth and Seventh Avenues could command global trophy capital at supertall altitudes, in a tower with the architectural and amenity ambitions of a freestanding luxury hotel. The building opened in 2014 to validation. Michael Dell, the founder of Dell, bought the building's top-floor duplex penthouse, a transaction that helped define the modern Manhattan ultra-luxury market.
What followed at One57 was the rest of Billionaires' Row. 432 Park Avenue topped out in 2014–2015. 220 Central Park South opened in 2018. Central Park Tower (217 West 57th) and 111 West 57th (the Steinway Tower) followed. Each subsequent supertall responded architecturally or financially to One57's premise: that Manhattan would accept supertall residential altitudes, that global trophy capital would compete for the apartments, and that the corridor between Columbus Circle and Fifth Avenue could become the city's most expensive residential geography.
One57's architectural identity is distinct from its successors. Where 432 Park reduces to a square-tube grid and 220 CPS executes Stern's pre-war-styled limestone classicism at supertall scale, One57's Christian de Portzamparc design is sculpted, curtainwall-clad in blue glass, and explicitly modernist. The building reads as a piece of contemporary architecture, not a translation of pre-war language. Buyers respond differently to that posture — some find One57 the most architecturally substantial of the modern supertalls; others find the blue-glass aesthetic dated relative to Stern's stone or Viñoly's concrete.
The mixed-use program is also a structural differentiator. One57 contains a 210-room Park Hyatt hotel on its lower floors with shared access to certain hotel services. Residents benefit from concierge services and dining at the hotel; the building's daily-life experience includes both residential and hospitality activity. Buyers who want strict residential privacy may prefer the pure-condo programs at 432 Park or 220 CPS.
Architecture and unit composition
The 92 condominium residences occupy floors above the Park Hyatt hotel base. Apartments range from approximately 1,500 sf 1BRs at the lower residential floors to multi-floor penthouses exceeding 13,500 sf at the top. The top-floor duplex penthouse, bought by Michael Dell, spans approximately 10,923 sf across the top floors.
Christian de Portzamparc's design produces apartments with substantial floor-to-ceiling glass exposure — a deliberate contrast to the smaller windowed pre-war and Stern-classical peers in the corridor. View altitude is exceptional from the upper floors; mid-tower units have meaningful Park, Hudson, East River, and downtown sight lines.
Interior finishes were specified by Thomas Juul-Hansen — kitchens by Smallbone of Devizes, primary bathrooms with travertine and onyx, custom millwork throughout. The finish package was at the high end of 2014-era new-construction Manhattan supertalls.
View permanence is meaningful — Central Park sits to the north (the building's south-facing windows look across to the Park), with stable view envelopes that have been validated by the surrounding supertalls now built out. The corridor's development envelope is substantially built out as of 2026.
Building operations
One57 operates as a luxury condominium with full-time doorman, 24-hour concierge, on-site parking, and the broad amenity package noted above. Common charges and property taxes are substantial; carrying costs on substantial apartments reach the $15K–$25K/month range before utilities.
The building has had operational issues across its first decade in occupancy, though materially less severe than those documented at 432 Park. The 2012 construction-period crane collapse during Hurricane Sandy was a high-profile event; post-occupancy, residents have reported various mechanical and water-intrusion issues consistent with the new-construction supertall pattern. The board has actively pursued maintenance and capital improvement programs. There has not been the scale of defect litigation that has emerged at 432 Park, but buyers should review current building engineering reports, board minutes, and any reserve study during due diligence — the supertall category's risk profile applies.
Local Law 97
- 2024–2029 annual penalty
- $1,061,334/yr
- 2030–2034 annual penalty
- $1,667,659/yr
- Per unit / month range
- $670 – $1,053
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
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. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2023
- Fully taxed from
- FY2024 (2023–24)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2024 runs July 1, 2023 to June 30, 2024. The benefit last appears on the 2023 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
One57's 2023–2026 closings are best read as a "second-buyer market" — original 2014–2015 sponsor purchasers have rarely recovered basis on resale, while opportunistic 2020+ buyers have occasionally captured near-term gains. The defining 2024 transaction was the sale of a full-floor residence by Shark Tank investor Robert Herjavec after a bidding war, a gain on his 2021 purchase and an unusual outcome for the building.
Line and condition set the rest of the pattern. The persistent "C-line discount" remains, and even Park-exposed units have absorbed significant cuts after extended marketing. High-floor A- and B-line inventory in clean, turn-key condition still commands premium pricing.
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Mar 5, 2026 | 65A | 4 BR · 4 BA · 4,483 sf | $26,000,000 | $5,800/sf | -11.9% |
| Dec 5, 2025 | 40F | 2 BR · 2.5 BA · 2,438 sf | $7,000,000 | $2,871/sf | -6.7% |
| Aug 14, 2025 | 51C | 4 BR · 4.5 BA · 3,466 sf | $14,950,000 | $4,313/sf | -16.9% |
| Jul 31, 2025 | 36C | 2 BR · 2.5 BA · 1,985 sf | $5,288,068 | $2,664/sf | -5.6% |
| Jul 28, 2025 | 66B | 3 BR · 3 BA · 4,193 sf | $24,000,000 | $5,724/sf | -7.7% |
| Jun 4, 2025 | 42C | 1 BR · 1.5 BA · 1,037 sf | $3,100,000 | $2,989/sf | -13.8% |
| Apr 10, 2025 | 51A | 3 BR · 3.5 BA · 3,228 sf | $13,310,000 | $4,123/sf | -15.1% |
| Jul 3, 2024 | 86 | 4 BR · 5.5 BA · 6,240 sf | $38,800,000 | $6,218/sf | +0.8% |
Market read. Most recent trades (2026) cleared a median $3,766/sf across 1 sale. Median listing discount 12.2% 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 1-01010-1619) 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.
At the recent median sale of $13.31M (8 sales since 2024), a buyer putting 25% down would pay about $748,099 to close, or 5.6% of the price.
- Mansion tax: $432,575
- Mortgage recording tax: $192,163
- Title insurance: $59,895
- Attorneys, lender, building fees, reserves and filings: $63,466
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Understand the mixed-use program. One57's condominium portion sits above an active 210-room Park Hyatt hotel. Buyers who want strict residential-only buildings may prefer 432 Park or 220 CPS. Buyers who value access to hotel-grade concierge, dining, and service infrastructure find One57's program a feature.
Due diligence on building operational issues applies. One57's defect history is materially less severe than 432 Park's, but the supertall category's risk profile is real. The Roebling Report's coverage of construction risk in supertalls and recent conversions is in The Cracks in a $90M Penthouse and applies to diligence at any 2014-era supertall. Review current engineering reports, board minutes, reserve studies, and any active litigation.
Condo flexibility is real. 30–45 day closings; foreign buyers welcome; pied-à-terre and investment use permitted under the declaration; subletting allowed.
Mansion tax cliff effects are major. Multiple cliff thresholds ($5M, $10M, $15M, $20M, $25M) can apply. Run pricing through the Mansion Tax Calculator.
The architectural posture is a personal call. Some buyers respond to the de Portzamparc blue-glass curtainwall and modernist sculpting; others prefer Stern's pre-war-style limestone at 220 CPS or Viñoly's concrete grid at 432 Park. View the building in person at multiple times of day.
Carrying cost is material. Model the full monthly carry (common charges + property taxes + utilities + insurance) carefully.
What to know if you’re selling
Marketing requires global reach. The buyer pool is international; access to Asian, Middle Eastern, European broker networks is material to selling at the building's price points.
The mixed-use program is part of the marketing story. Buyers should understand the Park Hyatt relationship and how it affects daily life; sellers should be prepared to address it.
Pricing requires apartment-level context. Comparable sales at One57 are meaningful but heterogeneous — view altitude, floor count, exposure, and configuration all drive pricing variation.
Closing timelines are condo-fast. 30–45 days from contract signing to closing.
Comparable buildings
If you're considering One57, also evaluate:
- 432 Park Avenue — Viñoly 2015; supertall pure condominium; documented defect litigation
- 220 Central Park South — Stern 2018; classical limestone supertall on CPS; architecturally heavier
- 111 West 57th (Steinway Tower) — JDS 2021; slimmest skyscraper; very small unit count
- Central Park Tower (217 W 57th) — Extell 2020; tallest residential building in the world
- 53 West 53rd (MoMA Tower) — Jean Nouvel 2019; supertall over MoMA
- 15 Central Park West — Stern's pre-war-styled condo on CPW; lower altitude, lower carrying cost, equally architectural
More Billionaires' Row buildings
- 53 West 53rd Street (MoMA Tower) — 2019 condominium by Jean Nouvel
- 111 West 57th Street (Steinway Tower) — 2021 condominium by SHoP Architects
- Central Park Tower (217 West 57th Street) — 2020 condominium by Adrian Smith + Gordon Gill Architecture
- 220 Central Park South — 2018 condominium by Robert A.M. Stern Architects
- 432 Park Avenue — 2011 condominium by Rafael Viñoly
The neighborhood
For the full corridor — architecture, transit, and pricing across Billionaires' Row — read The Roebling Team Guide to Billionaires' Row.
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.
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