111 West 56th Street Condominium
111 West 56th Street, Manhattan, NY 10019
Overview
- Units
- 99 residential · 1 commercial
- Subway
- 2 min walk to 57 St M57 St-7 Av N Q R W, 3 min
- Developer
- GFI Capital Resources Group, Inc.
- Principals
- Allen Gross, Elliot Greenberg
- Average $/sf
- $2,918Homes in Schedule A, as first offered
- Common charges
- $811–$7,285 a monthSponsor's first-year estimate in Schedule A, October 1, 2022 through September 30, 2023 (1)
- Offering price
- $244.4 million total
- Floor plans
- Page 451 of the plan
The sponsor of record is Parker57 LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 665 pages. The sponsor has filed 8 amendments, the latest in May 2026. The nearest other condo plan on file is Parc Beaufort Condominium, next door.
Plan CD220055 · Rehab · accepted Aug 17, 2022 · AG record ↗
Compare
| Figure | This building1 | 45 West 81st2143 units · 1.3 miaccepted 2024 | Residential Section Of 212 West 72nd Street3196 units · 1 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $2.00In line | $1.11 | $2.10 |
| Average Offering PricePer Apartment | $2.46MIn line | $1.57M | $4.97M |
| Average PricePer Square Foot | $2,918Above peers | $2,489 | $2,664 |
| Property TaxesPer Square Foot / Month | $1.78Highest | $1.14 | $1.31 |
| Average Unit SizeSquare Feet | 843 SFIn line | 630 SF | 1,866 SF |
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Unit mix, closings, budgets, finishes and the team, against 45 West 81st and Residential Section Of 212 West 72nd Street, cited to the offering plans. No credit card required.
Create a free accountHow We Got This
- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 99 of 99 |
| Closing prices vs. Schedule A98 homes: $207,945,558 at closing against $239,975,000 in Schedule A (p. 81, p. 82, p. 83) | −13.3% |
| Average closing price98 homes, on their Schedule A square feet | $2,525 / SF |
| Closingsfirst and latest recorded | Nov 30, 2023 – Sep 1, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 99 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 34F | Nov 30, 2023 | $1,189,000 | $1,325,000 p. 81 | −10.3% |
| 35D | Dec 1, 2023 | $1,250,000 | $1,375,000 p. 81 | −9.1% |
| 34G | Dec 4, 2023 | $1,325,000 | $1,325,000 p. 81 | 0% |
| 35E | Dec 4, 2023 | $1,200,000 | $1,375,000 p. 81 | −12.7% |
| 36E | Dec 5, 2023 | $1,210,000 | $1,400,000 p. 81 | −13.6% |
| 37B | Dec 7, 2023 | $1,900,000 | $2,050,000 p. 81 | −7.3% |
| 34E | Dec 12, 2023 | $1,150,000 | $1,350,000 p. 81 | −14.8% |
| 35G | Dec 12, 2023 | $1,175,000 | $1,350,000 p. 81 | −13% |
| 37E | Dec 12, 2023 | $1,190,000 | $1,425,000 p. 82 | −16.5% |
| 35B | Dec 13, 2023 | $1,850,000 | $1,975,000 p. 81 | −6.3% |
| 34H | Dec 15, 2023 | $2,150,000 | $2,150,000 p. 81 | 0% |
| 36K | Dec 15, 2023 | $1,400,000 | $1,800,000 p. 81 | −22.2% |
| 34B | Dec 18, 2023 | $1,850,000 | $1,950,000 p. 81 | −5.1% |
| 38L | Dec 18, 2023 | $2,999,000 | $3,150,000 p. 82 | −4.8% |
| 39C | Dec 19, 2023 | $3,190,000 | $3,350,000 p. 82 | −4.8% |
| 41B | Dec 27, 2023 | $4,500,000 | $4,500,000 p. 83 | 0% |
| 40I | Dec 28, 2023 | $2,100,000 | $2,500,000 p. 83 | −16% |
| 34A | Jan 4, 2024 | $1,925,000 | $2,000,000 p. 81 | −3.7% |
| 38B | Jan 4, 2024 | $2,150,000 | $2,100,000 p. 82 | +2.4% |
| 35I | Jan 8, 2024 | $1,820,000 | $2,200,000 p. 81 | −17.3% |
| 37K | Jan 9, 2024 | $1,440,000 | $1,850,000 p. 82 | −22.2% |
| 38C | Jan 12, 2024 | $2,795,000 | $3,250,000 p. 82 | −14% |
| 38K | Jan 12, 2024 | $1,645,000 | $1,925,000 p. 82 | −14.5% |
| 34I | Jan 16, 2024 | $1,800,000 | $2,150,000 p. 81 | −16.3% |
| 39L | Jan 30, 2024 | $3,300,000 | $3,300,000 p. 82 | 0% |
| 38E | Feb 28, 2024 | $1,235,000 | $1,450,000 p. 82 | −14.8% |
| 35H | Mar 11, 2024 | $1,820,000 | $2,200,000 p. 81 | −17.3% |
| 36G | Mar 25, 2024 | $1,170,000 | $1,375,000 p. 81 | −14.9% |
| PHA | Mar 28, 2024 | $13,850,000 | $14,500,000 p. 83 | −4.5% |
| 34D | Mar 29, 2024 | $1,125,000 | $1,350,000 p. 81 | −16.7% |
| 38D | Apr 2, 2024 | $1,230,000 | $1,450,000 p. 82 | −15.2% |
| 36D | Apr 4, 2024 | $1,150,000 | $1,400,000 p. 81 | −17.9% |
| 37D | Apr 9, 2024 | $1,170,000 | $1,425,000 p. 82 | −17.9% |
| 38I | Apr 12, 2024 | $1,885,000 | $2,350,000 p. 82 | −19.8% |
| 40B | Apr 18, 2024 | $2,225,000 | $2,250,000 p. 82 | −1.1% |
| 40C | Apr 30, 2024 | $3,037,500 | $3,550,000 p. 82 | −14.4% |
| 35K | May 3, 2024 | $1,360,000 | $1,775,000 p. 81 | −23.4% |
| 37H | May 3, 2024 | $1,870,000 | $2,300,000 p. 82 | −18.7% |
| 34C | May 14, 2024 | $2,375,000 | $2,900,000 p. 81 | −18.1% |
| 35F | May 14, 2024 | $1,190,000 | $1,350,000 p. 81 | −11.9% |
| 41C | May 16, 2024 | $1,380,000 | $1,650,000 p. 83 | −16.4% |
| 34K | Jun 12, 2024 | $1,325,000 | $1,750,000 p. 81 | −24.3% |
| 39D | Jun 13, 2024 | $1,230,000 | $1,475,000 p. 82 | −16.6% |
| 37C | Jun 14, 2024 | $2,560,000 | $3,150,000 p. 82 | −18.7% |
| 37G | Jun 17, 2024 | $1,188,000 | $1,400,000 p. 82 | −15.1% |
| 41D | Jun 17, 2024 | $1,380,000 | $1,650,000 p. 83 | −16.4% |
| 36H | Jun 20, 2024 | $1,850,000 | $2,250,000 p. 81 | −17.8% |
| 39E | Jun 25, 2024 | $1,290,000 | $1,475,000 p. 82 | −12.5% |
| 36C | Jun 26, 2024 | $2,550,000 | $3,050,000 p. 81 | −16.4% |
| 39H | Jun 28, 2024 | $1,935,000 | $2,400,000 p. 82 | −19.4% |
| 36F | Jul 3, 2024 | $1,215,000 | $1,375,000 p. 81 | −11.6% |
| 36I | Jul 9, 2024 | $1,850,000 | $2,250,000 p. 81 | −17.8% |
| 36A | Jul 12, 2024 | $1,999,000 | $2,050,000 p. 81 | −2.5% |
| 40E | Jul 16, 2024 | $1,320,000 | $1,575,000 p. 83 | −16.2% |
| 38H | Jul 29, 2024 | $1,885,000 | $2,350,000 p. 82 | −19.8% |
| 37I | Jul 31, 2024 | $1,865,000 | $2,300,000 p. 82 | −18.9% |
| 35A | Aug 13, 2024 | $1,975,000 | $2,025,000 p. 81 | −2.5% |
| 39I | Aug 26, 2024 | $1,935,000 | $2,400,000 p. 82 | −19.4% |
| HTL | Sep 16, 2024 | $288,519,430 | — | — |
| 39G | Oct 4, 2024 | $1,245,000 | $1,450,000 p. 82 | −14.1% |
| 40H | Nov 22, 2024 | $2,045,000 | $2,500,000 p. 83 | −18.2% |
| 37F | Dec 11, 2024 | $1,200,000 | $1,400,000 p. 82 | −14.3% |
| 37L | Dec 16, 2024 | $2,306,698 | $3,050,000 p. 82 | −24.4% |
| 36L | Dec 18, 2024 | $2,150,000 | $2,950,000 p. 81 | −27.1% |
| 38G | Dec 30, 2024 | $1,225,000 | $1,425,000 p. 82 | −14% |
| 34L | Jan 9, 2025 | $2,035,000 | $2,850,000 p. 81 | −28.6% |
| 40D | Jan 21, 2025 | $1,300,000 | $1,575,000 p. 82 | −17.5% |
| 35L | Jan 23, 2025 | $2,120,000 | $2,900,000 p. 81 | −26.9% |
| 40G | Jan 30, 2025 | $1,300,000 | $1,550,000 p. 83 | −16.1% |
| 39F | Feb 26, 2025 | $1,250,000 | $1,450,000 p. 82 | −13.8% |
| 36B | Feb 28, 2025 | $1,875,000 | $2,000,000 p. 81 | −6.2% |
| 40F | Apr 28, 2025 | $1,280,000 | $1,550,000 p. 83 | −17.4% |
| 41F | May 5, 2025 | $1,390,000 | $1,625,000 p. 83 | −14.5% |
| 35J | May 30, 2025 | $2,100,000 | $2,800,000 p. 81 | −25% |
| 41H | Jun 2, 2025 | $1,390,000 | $1,625,000 p. 83 | −14.5% |
| 40J | Jun 4, 2025 | $2,475,000 | $3,350,000 p. 83 | −26.1% |
| 39K | Jun 6, 2025 | $1,740,000 | $2,025,000 p. 82 | −14.1% |
| 34J | Jun 17, 2025 | $2,085,000 | $2,750,000 p. 81 | −24.2% |
| 35C | Jun 17, 2025 | $2,445,000 | $2,950,000 p. 81 | −17.1% |
| 40L | Jun 25, 2025 | $3,225,000 | $3,500,000 p. 83 | −7.9% |
| 41J | Jul 29, 2025 | $1,050,000 | $1,250,000 p. 83 | −16% |
| 37A | Aug 1, 2025 | $2,065,000 | $2,100,000 p. 81 | −1.7% |
| 41E | Aug 1, 2025 | $1,390,000 | $1,625,000 p. 83 | −14.5% |
| 39A | Aug 6, 2025 | $2,165,680 | $2,200,000 p. 82 | −1.6% |
| 39B | Aug 6, 2025 | $2,165,680 | $2,150,000 p. 82 | +0.7% |
| 39J | Aug 15, 2025 | $2,410,000 | $3,150,000 p. 82 | −23.5% |
| 41G | Sep 2, 2025 | $2,130,000 | $2,650,000 p. 83 | −19.6% |
| 38J | Sep 3, 2025 | $2,350,000 | $3,050,000 p. 82 | −23% |
| PHD | Sep 22, 2025 | $3,550,000 | $4,250,000 p. 83 | −16.5% |
| 40K | Sep 26, 2025 | $1,825,000 | $2,125,000 p. 83 | −14.1% |
| PHC | Oct 6, 2025 | $12,300,000 | $12,500,000 p. 83 | −1.6% |
| 38F | Dec 2, 2025 | $1,290,000 | $1,425,000 p. 82 | −9.5% |
| 37J | Dec 11, 2025 | $2,325,000 | $2,950,000 p. 82 | −21.2% |
| 36J | Dec 12, 2025 | $2,145,000 | $2,850,000 p. 81 | −24.7% |
| 38A | Dec 15, 2025 | $2,100,000 | $2,150,000 p. 82 | −2.3% |
| 41I | Jan 23, 2026 | $2,800,000 | $4,000,000 p. 83 | −30% |
| 41A | Feb 25, 2026 | $3,300,000 | $3,700,000 p. 83 | −10.8% |
| 40A | Mar 16, 2026 | $2,225,000 | $2,300,000 p. 82 | −3.3% |
| 41K | Sep 1, 2026 | $4,250,000 | $4,950,000 p. 83 | −14.1% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- Parker57 LLC
- Developer
- GFI Capital Resources Group, Inc.
- Principals
- Allen Gross, Elliot Greenberg
- Tax estimate
- Korngold Powers LLPPrepared the first-year real estate tax projection
- Construction lender
- Bank OZKLender on the mortgage and building loan agreement recorded January 2019 in ACRIS; $561.9 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Parc Beaufort Condominiumnext door · 47 units · 2026
- 111 West 57th Street Condominiumnext door · 60 units · 2015
- Windsor Park Condominiumnext door · 103 units · 2004
- 157 West 57th Street Condominiumnext door · 135 units · 1 parking · 2011
- Centurion Condominium0.1 mi · 48 units · 2007
- 50 Central Park South Condominium0.1 mi · 12 units · 2000