One57 (157 West 57th Street)

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 duplex penthouse purchased by the Sheikh Hamad bin Jassim 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.

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.

Last 5–10 closed sales at One57 (replace this section with current ACRIS data — pull at publication time and refresh quarterly):

[Recent sales table to be populated from ACRIS]

Sales context at One57:

• Primary sales window (2014–2017) generated over $2 billion in aggregate sales; the Sheikh Hamad penthouse transacted at $100.5M (then a U.S. residential record), as did the Michael Dell penthouse.
• Secondary-market trades have been mixed. Some apartments have transacted at discounts to original sponsor pricing; mid-tower units have generally held value better than top-tier penthouse inventory.
• The building's mixed-use program (condo + Park Hyatt hotel) produces both an amenity benefit and a complexity factor for buyers and sellers. Sophisticated buyers model the building's operational reality carefully.

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. At One57 pricing, multiple cliff thresholds ($5M, $10M, $15M, $20M, $25M) routinely 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.

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.

The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the modern supertall corridor. We publish this building profile because trophy condo buyers and sellers deserve building-specific intelligence — architecture, operational reality, transactional mechanics, and the realities of pricing at the apartment level — not generic market commentary.

If you're considering a purchase or sale at One57, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.