The Real Deal New York

New Condos: Midtown
One 57 at 157 West 57th Street

July 10, 2014 11:57AM

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157 West 57th Street 2
157 West 57th Street 1
One57, Extell Development’s 90-story condo and hotel project, has made headlines for its speedy sales and record-setting prices. Six months after sales began in November 2011, half of the 94 condos were spoken for. Multiple apartments at the already legendary building are reportedly in contract for upwards of $90 million. Notably, during Hurricane Sandy, the One57 construction site was the location of a crane collapse; the incident caused an evacuation of the immediate area and the crane’s dangling boom became one of the enduring images of the storm. As of early July, prices for officially listed units ranged from $6 million for a 1,000-square-foot one-bedroom to $41 million for a 4,483-square-foot three-bedroom. The ultra-luxury building was designed by Christian de Portzamparc, with interiors by Thomas Juul-Hansen. Amenities are plentiful, and include a doorman, a concierge, a gym and a swimming pool. A Park Hyatt will occupy the lower 25 floors. Contact www.one57.com or 212-570-1700.
NAMEOne57PRICE RANGEFrom $6,000,000 to $41,000,000
ADDRESS157 West 57th StreetSIZE RANGEFrom 1,000 Sq Ft to 5,475 Sq Ft
TYPENew BuildingAVG PPSF$6,688
TOTAL UNITS94TAX ABATEMENTYes
DEVELOPERExtell DevelopmentAVG COMMON CHARGES1.45/sf
BROKERExtell Development CompanyFINISHED BY2014
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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