The Sheffield | The Real Deal New York

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The Sheffield

322 West 57th Street
New York, NY 10019
(212) 210-6712
Office, Retail, Residential, Conversion, Leasing/Rental, Other, Multifamily
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 Rose Associates
  • developer Rose Associates
  • owner entity RSP 57 PROPERTY LLC
  • architect CETRA RUDDY INCORPORATED
  • dob permit issue date 07/06/2007
  • tco issue date 11/20/2007
  • DOB FILE Link
  • floors 48
  • Year Built 1978
  • ag file plans 09/04/2015
  • residential units 845
  • commercial units 4
  • square feet 941,351
  • block and lot 1-01047-7503
  • BIN 1025450
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201527274-2
03/09/16
...the daughter of Patty Hearst, has sold her condo at the Sheffield at 322 West 57th Street for $2.45 million, according to property records...

044_SusanDaimler_FINAL.indd
11/20/15
StreetEasy is making it easier than ever for New York City agents to become “experts” on all sorts of things. Despite broker backlash earlier this...

322 West 57th Street ft
10/23/15
...transaction said the units in question are rent-stabilized holdovers from the Sheffield...

114 Closing se FINAL.indd
07/21/14
...through several high-profile residential condo conversions during the boom, including the Sheffield, 225 Rector Place and the Park Columbus on the Upper West...

studio-FB
06/19/14
A 532-square-foot pad at 205 West 76th Street that hit the market for just over $1 million earlier this week may not have broken any records,...

sheffield555
02/07/14
...and John Hess, president of Hess Corp. The board at the Sheffield condominium filed a $3 million negligence lawsuit against Rose Associates, Hess...

08/22/13
“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Zillow’s stock dipped immediately following StreetEasy...

megaprojects (1)
04/04/13
...From left: the Sheffield, the W Downtown and 99 John Deco Lofts From the April...

imgres
01/29/13
Williamsburg’s the Edge sold 167 units with a median sale price of more than $800,000 in 2012, making it the best selling building in New...

$11M 760 Park Avenue unit
10/24/12
...Family Justice Center, to combat domestic violence, at 80 Centre Street 16. The Sheffield now home to David Hostetler statue...

A_Bride_and_her_NYC_Taxi
08/30/12
...From left: L Haus, the Sheffield and One Hanson Place Wedding trends famously fluctuate as swiftly...

256 Fifth Avenue
08/30/12
...not paying $46,000 bill 8. Goldie Hawn checks out four-bedroom unit in the Sheffield  9. DeKalb Market won't reopen in time for the holiday season...

lobsterroll
07/27/12
...The Sheffield, the 582-unit building at 322 West 57th Street, is announcing a...

05/15/12
...escort ring out of her midtown condo. And last month, the Sheffield condo board settled a case involving an alleged male escort...

Stuart Saft
04/29/12
Greenberg Traurig has ended talks on a possible deal to rescue law firm Dewey & LeBoeuf as it faces a possible bankruptcy filing this coming...

Saft
04/13/12
...hospitality properties, he has represented developers like Swig Equities at the Sheffield, the Feil Organization at the Apthorp and the Moinian Group...

Rentboy copy
04/12/12
...Residents of the Sheffield may not have seen the last of Stephan Greving, the...

Sheffield
03/23/12
...evicted from his residence in a settlement reached yesterday between the Sheffield condominium board and the owners of the unit, Habitat reported...

03/23/12
...renderings for tallest tower in Brooklyn, amenities finally open in the Sheffield … and more 3. Waterman puts 130 Prince Street on the market...

Rendering of City Point tower (credit: Brooklyn Paper)
03/22/12
...garbage in front of Citibank branch  3. Four years after planned, the Sheffield...

03/09/12
...world’s wealthiest, but none match Mayor Bloomberg 2. Prostitution at the Sheffield? 3. In traditionally weak month, Manhattan rents continue to approach record...

Dave Bruno and Sheffield
03/08/12
...The Sheffield condominium board has gone to court to force the eviction...

The Sheffield sales team (click image for slideshow)
01/18/12
...like a distant memory. But for the marketing team behind the Sheffield condominium tower, an event last night was a chance to...

one5.jpg
10/27/11
...be on the park, Urgo said. She contrasted One57 to the Sheffield, down the street at 322 West 57th Street between Eighth and...

urgo.jpg
09/08/11
...A penthouse unit in the Sheffield and Marketing Directors President Jacqueline Urgo Three weeks ago, the...
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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
notes
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
notes
Expected to go condo

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