One57 (157 West 57th Street)
157 West 57th Street, New York, NY 10019
- 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
- $4,069
- Listing discount
- 12.3%
- Recorded sales
- 185
- On record
- 2013–2026
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. The Sheikh Hamad bin Jassim al Thani (former prime minister of Qatar) purchased the building's top-floor duplex penthouse for $100.5 million in 2014 — at the time the highest-price residential transaction in New York City history. Michael Dell, the founder of Dell Computer, separately acquired the building's other major penthouse for $100.5 million. The transactions defined 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 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.
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
- $1,044,357/yr
- 2030–2034 annual penalty
- $1,657,422/yr
- Per unit / month range
- $659 – $1,046
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
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
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 is full-floor 86 at $38.8M, sold by Shark Tank investor Robert Herjavec (slightly above the $38.5M ask after a bidding war), where Herjavec's 2021 acquisition basis of $34.5M produced a roughly 12% near-term gain — an unusual outcome for the building. The persistent "C-line discount" remains: 51C closed August 2025 at $14.95M, 16.9% under the $17.995M ask and 25% off original. The same pattern at 51A ($13.31M, -25%) and 58B ($19.3M, -22.2% against a meaningful 2015-vintage loss) shows that even Park-exposed units can absorb significant cuts after extended marketing. On the upside, 65A at $26M (March 2026, ~$5,800/sf) and 66B at $24M with a publication-grade bespoke interior install confirm that high-floor A/B-line inventory with clean, turn-key condition still commands premium pricing.
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 |
|---|---|---|---|---|---|
| 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 | $5,288,069 | $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 $4,069/sf across 1 sale. Median listing discount 12.3% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Mar 10, 2026 | 11B | $2,400,000 |
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.
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. 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.
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
The Roebling Team at One57
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.
Get the full picture on this building.
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