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The Sheffield

322 West 57th Street
New York, NY 10019
Sales, Leasing/Rental
The Sheffield
The Sheffield is a 58-story luxury condominium conversion at 322 West 57th Street in Manhattan. Floor plans and interiors in the conversion were designed by Cetra/Ruddy Architects. Among the buildings many amenities are a pet spa and a glass-enclosed rooftop pool. The Sheffield was built in the late 1970s as a rental by Rose Associates. In 2005 Kent Swig and partners bought it for $418 million. At the time, it was occupied by more than 800 market-rate and rent-stabilized tenants. Swig changed the name to Sheffield57 and began converting the building into luxury condos which provoked a number of law suits and conflicts with tenants. In one instance Swig was reported to have hired a marching band to interfere with a protest of the conversion staged by then residents of Sheffield57. In 2008, then business partner Yari Levy allegedly struck Swig on the shoulder with an ice bucket during a fight over the use of construction funds. Two years into post-conversion, Sheffield57 had only sold 40 percent of 597 apartments. Fortress Investment Group acquired the building in a 2009 foreclosure auction and the building once again became known as simply The Sheffield.
  • Address 322 West 57th Street
  • neighborhood Midtown
  • borough Manhattan
  • owner/developer Swig Equities
  • floors 58
  • Year Built 1978
  • file ag plans 09/04/2015
  • residential units 597
  • commercial units 4
  • square feet 941,351
  • block and lot 1-01047-7503
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From Luxury Listings NYC: Lydia Hearst-Shaw, the great-granddaughter of William Randolph Hearst and the daughter of Patty Hearst, has sold her condo at the Sheffield at 322...
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Private equity giant Fortress Investment Group sold 58 separate units at its Sheffield condo tower to RSP Companies for $25.25 million – more than the...
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The board at the Sheffield condominium filed a $3 million negligence lawsuit against Rose Associates, Hess Corp. and several other contractors, in connection with a...
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Residents of the Sheffield may not have seen the last of Stephan Greving, the admitted prostitute who allegedly hosted clients at his luxury sublet and...
An alleged male prostitute has been evicted from his residence in a settlement reached yesterday between the Sheffield condominium board and the owners of the unit, Habitat...
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The Sheffield condominium board has gone to court to force the eviction of an alleged male escort who serviced clients from his rental unit at...
The Sheffield sales team (click image for slideshow)
January is barely half over and already those New Year’s resolutions seem like a distant memory. But for the marketing team behind the Sheffield condominium...
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A penthouse unit in the Sheffield and Marketing Directors President Jacqueline Urgo Three weeks ago, the Marketing Directors unveiled the 10 penthouses on the 56th and...
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  • Event Sales
  • Building Name The Sheffield
  • Address 322 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 109,000
  • Price $ 95,000,000
  • Publication Date 10/01/2007
  • Event Date 08/22/2007
  • Party 1 Kent Swig
  • Party 2 Hearst Corporation
  • Party 2 Brokerage CBRE
  • Party 2 Broker Darcy Stacom, William Shanahan
Hearst purchased floors two through six and part of the seventh in the residential tower next door to its headquarters for $95 million. The publishing company also acquired the retail portion of the building and a parking garage.
  • Event Sales
  • Building Name The Sheffield
  • Address 322 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 418,000,000
Expected to go condo
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