THE CONDO BOOK PROJECT

157 West 57th Street Condominium

157 West 57th Street, Manhattan, NY 10019

Overview

Units
135 residential · 1 parking · 17 storage · 2 commercial
Subway
1 min walk to 57 St-7 Av N Q R W57 St M, 3 min
Principals
Gary Barnett
Common charges
$1,300–$23,073 a monthSponsor's first-year estimate in Schedule A, July 1, 2013 - June 30, 2014
Offering price
$145.8 million total $2007 million when first offered

The sponsor of record is Extell West 57th Street Ii LLC, represented by Kramer Levin Naftalis & Frankel LLP. The offering plan runs 864 pages. The sponsor has filed 35 amendments, the latest in August 2026. The nearest other condo plan on file is Parc Beaufort Condominium, next door.

Plan CD100307 · New · accepted Jun 23, 2011 · AG record ↗

Compare

FigureThis building1432 Park2142 units · 0.5 miaccepted 201210 Madison Square West3125 units · 1.7 miaccepted 2013
Average Offering PricePer Apartment$21.1MHighest$16.06M$5.29M

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Unit mix, closings, budgets, finishes and the team, against 432 Park and 10 Madison Square West, cited to the offering plans. No credit card required.

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How 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.

Closings Pro

Homes closed100% of the homes in Schedule A96 of 96
Closing prices vs. Schedule A90 homes: $1,839,343,641 at closing against $1,744,823,000 in Schedule A (p. 97, p. 98, p. 99)+5.4%
Closingsfirst and latest recordedDec 19, 2013 – Sep 18, 2023

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 135 closings
HomeRecordedClosing priceSchedule ADifference
40ADec 19, 2013$3,954,310$3,700,000 p. 97+6.9%
39ADec 20, 2013$3,567,375$3,400,000 p. 97+4.9%
39CJan 7, 2014$7,463,200$6,375,000 p. 97+17.1%
39BJan 10, 2014$9,065,925$8,500,000 p. 97+6.7%
40CJan 15, 2014$6,673,038$6,550,000 p. 97+1.9%
59AFeb 27, 2014$30,041,875$27,600,000 p. 98+8.8%
42BFeb 28, 2014$6,553,500$6,550,000 p. 97+0.1%
43BMar 5, 2014$7,283,988$6,650,000 p. 97+9.5%
41BMar 13, 2014$6,825,775$6,550,000 p. 97+4.2%
60AMar 28, 2014$30,551,000$27,800,000 p. 98+9.9%
40BMar 31, 2014$9,116,838$8,950,000 p. 97+1.9%
45BApr 2, 2014$6,927,600$6,800,000 p. 97+1.9%
47BApr 2, 2014$8,760,450$6,900,000 p. 97+27%
44BApr 24, 2014$7,029,425$6,750,000 p. 97+4.1%
48AApr 24, 2014$17,822,875$17,250,000 p. 97+3.3%
62AApr 24, 2014$31,671,075$28,200,000 p. 98+12.3%
49BApr 29, 2014$7,640,375$7,000,000 p. 97+9.1%
51BMay 1, 2014$7,589,463$7,300,000 p. 98+4%
58AMay 1, 2014$30,551,000$27,500,000 p. 98+11.1%
48BMay 5, 2014$8,073,131$6,950,000 p. 97+16.2%
51AMay 5, 2014$20,368,500$18,500,000 p. 98+10.1%
50BMay 7, 2014$7,487,638$7,200,000 p. 98+4%
49AMay 12, 2014$17,822,875$17,500,000 p. 97+1.8%
61AMay 16, 2014$30,449,175$28,000,000 p. 98+8.7%
50AMay 23, 2014$19,146,600$18,000,000 p. 98+6.4%
46BJun 13, 2014$7,945,850$6,850,000 p. 97+16%
54AJun 20, 2014$21,386,750$20,750,000 p. 98+3.1%
52AJun 26, 2014$20,877,625$19,500,000 p. 98+7.1%
56AJul 28, 2014$22,150,438$21,500,000 p. 98+3%
63AJul 29, 2014$32,571,705$28,400,000 p. 98+14.7%
53AJul 30, 2014$21,895,875$20,500,000 p. 98+6.8%
HOTELAug 5, 2014$368,571,302——
55ASep 30, 2014$22,927,037$21,000,000 p. 98+9.2%
GARSep 30, 2014$19,835,820——
RETSep 30, 2014$19,835,820——
55BOct 1, 2014$8,819,874$7,700,000 p. 98+14.5%
56BOct 1, 2014$10,033,263$7,950,000 p. 98+26.2%
63BOct 1, 2014$27,127,160$25,400,000 p. 98+6.8%
82Oct 1, 2014$56,079,298$43,500,000 p. 99+28.9%
66AOct 14, 2014$29,533,450$29,000,000 p. 98+1.8%
80Nov 10, 2014$52,952,500$43,000,000 p. 99+23.1%
81Nov 18, 2014$55,498,125$43,000,000 p. 99+29.1%
64ADec 1, 2014$24,843,664$28,600,000 p. 98−13.1%
79Dec 3, 2014$50,916,000$42,500,000 p. 99+19.8%
85Dec 3, 2014$55,559,311$46,000,000 p. 99+20.8%
84Dec 18, 2014$52,952,500$45,500,000 p. 99+16.4%
65ADec 23, 2014$29,329,100$28,800,000 p. 98+1.8%
90Dec 23, 2014$100,471,453——
34CJan 21, 2015$6,063,679$5,955,000 p. 97+1.8%
86Jan 21, 2015$47,366,990$46,500,000 p. 99+1.9%
39DFeb 9, 2015$3,226,261$3,065,000 p. 97+5.3%
39EFeb 26, 2015$4,575,424$4,075,000 p. 97+12.3%
67AMar 16, 2015$30,042,375$29,500,000 p. 98+1.8%
88Mar 18, 2015$47,367,491$52,500,000 p. 99−9.8%
50CMar 24, 2015$19,350,250$20,000,000 p. 98−3.2%
32BMar 25, 2015$5,552,963——
45CMar 26, 2015$17,313,750$16,900,000 p. 97+2.4%
55CMar 27, 2015$22,405,000$22,000,000 p. 98+1.8%
75Mar 27, 2015$91,541,053——
42CMar 30, 2015$3,318,026$3,188,000 p. 97+4.1%
53BApr 14, 2015$30,683,373$7,500,000 p. 98+309.1%
77Apr 27, 2015$47,782,187$42,000,000 p. 99+13.8%
51CApr 29, 2015$20,368,500$20,000,000 p. 98+1.8%
40DMay 14, 2015$3,312,813$3,350,000 p. 97−1.1%
40EMay 27, 2015$4,636,538$4,250,000 p. 97+9.1%
41CJul 8, 2015$3,375,499$3,215,000 p. 97+5%
56CJul 8, 2015$21,386,750$22,500,000 p. 98−4.9%
49CJul 15, 2015$20,063,025$19,000,000 p. 98+5.6%
67BJul 29, 2015$28,005,375$26,500,000 p. 99+5.7%
58BSep 30, 2015$24,594,238$24,500,000 p. 98+0.4%
39FOct 21, 2015$9,931,438$9,750,000 p. 97+1.9%
40FNov 12, 2015$9,778,700$9,500,000 p. 97+2.9%
54BNov 19, 2015$34,369,438$7,600,000 p. 98+352.2%
44CDec 2, 2015$17,008,275$16,600,000 p. 97+2.5%
64BJul 28, 2016$21,500,000$25,600,000 p. 98−16%
37FAug 15, 2016$9,833,750——
38BAug 22, 2016$9,701,951——
36FOct 26, 2016$9,832,440——
65BOct 31, 2016$21,641,313$25,800,000 p. 98−16.1%
36BNov 14, 2016$8,607,713——
34ENov 17, 2016$4,397,918——
83Dec 2, 2016$45,824,750$44,000,000 p. 99+4.1%
35CDec 20, 2016$6,402,159——
37BDec 20, 2016$9,447,387——
37CDec 22, 2016$6,605,809——
43ADec 23, 2016$16,550,063$16,000,000 p. 97+3.4%
34DApr 3, 2017$3,099,308——
33DApr 14, 2017$3,252,046——
36CJul 7, 2017$6,605,809——
37AJul 17, 2017$4,700,733——
34AJul 18, 2017$3,707,937——
33AAug 3, 2017$3,641,751——
38CNov 15, 2017$6,656,722——
32DApr 2, 2018$3,557,521——
33BApr 5, 2018$7,258,149——
52BMay 8, 2018$24,441,500$7,400,000 p. 98+230.3%
42AJun 1, 2018$14,869,950$16,000,000 p. 97−7.1%
61BJun 27, 2018$23,533,632$25,000,000 p. 98−5.9%
35BJul 31, 2018$7,614,537——
34BAug 1, 2018$7,512,712——
35DSep 18, 2018$3,201,133——
35ENov 27, 2018$4,398,989——
33EDec 12, 2018$4,114,163——
60BJan 29, 2019$22,158,995$24,800,000 p. 98−10.6%
35FFeb 6, 2019$9,020,030——
36AMar 6, 2019$4,217,062——
36DMar 19, 2019$3,252,046——
43CNov 12, 2019$14,799,449$16,300,000 p. 97−9.2%
32ANov 14, 2019$3,717,035——
36EMay 5, 2020$3,798,465——
35AJul 9, 2020$3,614,960——
33FSep 9, 2020$7,965,350——
38FSep 17, 2020$8,535,731——
59BDec 3, 2020$18,405,994$24,600,000 p. 98−25.2%
38AJan 19, 2021$3,819,110——
37DJan 21, 2021$2,993,984——
32CFeb 11, 2021$11,231,750——
62BMar 26, 2021$16,845,875$25,200,000 p. 98−33.2%
44AApr 5, 2021$12,270,363$16,250,000 p. 97−24.5%
34FApr 30, 2021$7,203,507——
66BJun 2, 2021$19,193,600$26,000,000 p. 98−26.2%
38DJul 13, 2021$2,956,425——
32FJul 16, 2021$7,508,477——
46AJul 22, 2021$12,762,875$16,750,000 p. 97−23.8%
87Nov 16, 2021$39,302,375$47,500,000 p. 99−17.3%
47CFeb 17, 2022$13,468,831$18,500,000 p. 97−27.2%
45AMar 3, 2022$13,681,550$16,250,000 p. 97−15.8%
47AMay 2, 2022$14,294,000$17,000,000 p. 97−15.9%
48CMay 16, 2022$13,477,400$19,000,000 p. 97−29.1%
38EAug 26, 2022$4,566,234——
32EMar 27, 2023$3,589,840——
37EMar 27, 2023$4,086,500——
41DMar 27, 2023$14,600,964$16,750,000 p. 97−12.8%
46CMay 3, 2023$12,854,743$18,500,000 p. 97−30.5%
41ASep 18, 2023$10,703,500$15,750,000 p. 97−32%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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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
Extell West 57th Street Ii LLC
Principals
Gary Barnett
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Bank of AmericaLender on the mortgage and building loan agreement recorded October 2011 in ACRIS; $281.4 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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