If you are researching the building that started it all on Billionaires' Row, One57 is the address to know. Located at 157 West 57th Street, New York, NY 10019, in Midtown Manhattan, this Extell Development tower combines 92 private residences with the in house services of the Park Hyatt New York hotel. As a licensed real estate salesperson serving buyers, investors, and renters across Manhattan, including Chelsea, the West Village, Gramercy, Tribeca, SoHo, Hell's Kitchen, and the Upper West Side, I am breaking down everything you need to know about this landmark new development Manhattan address.
Building Overview
One57 rises 75 stories and roughly 1,005 feet above 157 West 57th Street, designed by Pritzker Prize winning architect Christian de Portzamparc and developed by Extell Development Company. Completed in 2014, the tower is widely credited with establishing 57th Street as the global epicenter of ultra luxury residential real estate, effectively launching what is now known as Billionaires' Row.
The building's 92 residences sit above the 210 room Park Hyatt New York, which gives owners a benefit that few other towers on this stretch of Manhattan can match: genuine five star hotel services woven into everyday condo living. Residences range from roughly 1,000 to over 13,000 square feet, with floor to ceiling windows, custom finishes, and layouts that range from one bedroom homes to full floor and multi floor penthouses.
Address and Neighborhood Context
Sitting at 157 West 57th Street, One57 occupies one of the most recognized blocks in Manhattan, within walking distance of Central Park, Carnegie Hall, and the shopping corridors of Fifth Avenue and 57th Street. The address put this stretch of Midtown on the map for ultra luxury buyers, and it remains a benchmark against which every newer Billionaires' Row tower is measured.
For buyers comparing new development Manhattan options, One57's location offers the same cultural and retail access as its newer neighbors, along with an established track record of resales, rentals, and pricing data that newer buildings simply have not had time to build. That history can be a meaningful advantage for investors who want performance data before committing.
Developer and Architect
One57 was developed by Extell Development Company, one of New York's most active luxury developers, with architecture by Christian de Portzamparc, a Pritzker Prize winning French architect known for sculptural glass forms. The tower's faceted, curved glass facade was one of the first of its kind on Billionaires' Row and remains a recognizable silhouette on the Manhattan skyline.
Number of Units and Price Range
One57 comprises 92 residences across its 75 floors. At initial sales, asking prices ranged from roughly 6 million dollars for a 1,000 square foot one bedroom to 41 million dollars for a 4,483 square foot three bedroom, with the building's most expansive penthouses priced well above 100 million dollars at the high end. More broadly, pricing across the building has started near 3.5 million dollars for smaller residences.
Because One57 has been occupied since 2014, there is now a substantial resale history that buyers and investors can review when evaluating One57 condos for sale, including how units have appreciated, held value, or traded relative to original offering prices. Anyone seriously evaluating this building should review recent closed sales with an agent rather than relying on original asking prices alone.
Amenities
One57 offers a dual layer of amenities, combining private residential spaces with full access to the Park Hyatt New York hotel below.
Private Residential Amenities
24 hour doorman and concierge service
A private indoor pool and fitness center
A performance room
A private dining room with full catering kitchen
A library and lounge area
On site parking
Park Hyatt Hotel Privileges
In residence dining and catering arranged through the One57 concierge
Daily housekeeping, laundry, dry cleaning, and turndown service
Access to the three story, glass encased hotel pool and Spa Nalai
The Living Room restaurant and bar, a grand salon with craft cocktails and a champagne bar
The Onyx Room, a 3,100 square foot event space designed by Yabu Pushelberg, available for residents to reserve for private parties and galas
A five star chef available for event planning and informal gatherings
This combination of private residential amenities and true hotel grade service is a major reason One57 continues to stand out among luxury apartments Manhattan buyers consider when comparing Billionaires' Row addresses.
Why a Buyer Should Consider One57
For buyers and investors evaluating new development Manhattan opportunities, One57 offers a track record that newer towers cannot replicate. As the building that pioneered the ultra luxury condo hotel hybrid model on Billionaires' Row, it has more than a decade of sales, rental, and resale data, giving buyers a clearer picture of long term performance than a building that recently launched sales.
The Park Hyatt relationship is also a genuine differentiator. Buyers who want hotel grade daily service, from housekeeping to in residence dining to event space, without sacrificing the privacy of full condo ownership, will find few buildings that combine these two worlds as completely as One57 does.
Buyers and renters comparing One57 against newer Billionaires' Row developments often ask whether an established building still competes with brand new construction NYC towers. The honest answer is that One57 trades some of the latest design trends for a proven address, established service standards, and a deep resale history, which matters a great deal to buyers who prioritize stability and track record over being first to occupy a brand new building.
Frequently Asked Questions
Where is One57 located? The building is at 157 West 57th Street, New York, NY 10019, on Billionaires' Row in Midtown Manhattan.
Who developed One57? It was developed by Extell Development Company, with architecture by Christian de Portzamparc.
How many units does One57 have? The building has 92 residences across 75 stories.
What is the price range at One57? Pricing has started around 3.5 million dollars for smaller residences, with penthouses historically priced well above 100 million dollars.
What hotel services come with a One57 residence? Owners have access to Park Hyatt New York services, including in residence dining, housekeeping, spa and pool access, and event spaces such as the Onyx Room.
Is One57 a good investment? Its decade plus resale history, established Billionaires' Row address, and hotel grade amenities give buyers and investors real performance data to evaluate, though current pricing and demand should be reviewed with an agent.
Work With Michael A. Bhagwandin
If you are exploring new development Manhattan options, including One57 or other luxury apartments Manhattan and new condo NYC opportunities in Chelsea, the West Village, Gramercy, Tribeca, SoHo, Hell's Kitchen, or the Upper West Side, I can help you navigate pricing, availability, and the buying process from start to finish.
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