THE CONDO BOOK PROJECT

Central Park Tower Condominium

217 West 57th Street, Manhattan, NY 10019

Overview

Central Park Tower is a 179-residence Extell condo at 217 West 57th Street, built above a retail unit owned by Nordstrom, which is a co-declarant of the condominium. Its offering plan describes a three-floor resident club with a lap pool and a 100th-floor dining room, a large union staff, and a first-year budget of about $11 million.

  • Address: 217 West 57th Street, Manhattan
  • Size: 179 residential units plus one retail unit
  • Plan accepted: May 2017 (new construction)
  • Sponsor: Smitell LLC, c/o Extell Development Company
  • First-year budget: about $11 million in total expenses, with about $10.3 million coming from residential common charges
  • Front desk: 24/7 doorman and concierges

Closings Pro

Homes closed72% of the homes in the plan129 of 179
Closingsfirst and latest recordedFeb 23, 2021 – Sep 14, 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 129 closings
HomeRecordedClosing priceSchedule ADifference
47AFeb 23, 2021$8,549,254——
35AApr 20, 2021$7,710,913——
48CApr 20, 2021$15,315,500——
35CApr 30, 2021$10,130,090——
34AMay 7, 2021$8,833,738——
56NMay 7, 2021$8,420,086——
45CMay 20, 2021$15,825,875——
49CMay 27, 2021$16,047,912——
33FJun 3, 2021$6,638,875——
34CJun 17, 2021$11,232,500——
43AJun 17, 2021$9,369,631——
55NJun 17, 2021$8,323,353——
59NJun 17, 2021$7,864,025——
55EJun 30, 2021$16,336,250——
58NJun 30, 2021$8,608,463——
57NJul 1, 2021$8,516,820——
58EJul 8, 2021$18,969,785——
37CAug 6, 2021$11,640,800——
36CAug 12, 2021$12,253,250——
45DAug 12, 2021$3,883,100——
78EAug 13, 2021$23,481,500——
43CAug 17, 2021$14,805,125——
37EAug 20, 2021$1,022,500——
93EAug 20, 2021$28,585,250——
54NAug 26, 2021$8,705,046——
34FAug 27, 2021$6,128,750——
48AAug 27, 2021$10,064,999——
46CAug 31, 2021$14,805,125——
56ESep 14, 2021$16,336,250——
36BSep 15, 2021$12,253,250——
53Sep 17, 2021$50,021,000——
112Sep 17, 2021$40,834,250——
109Sep 23, 2021$47,953,222——
38ASep 30, 2021$8,170,250——
37AOct 28, 2021$8,256,688——
35ENov 8, 2021$995,000——
43DNov 11, 2021$4,077,250——
57ENov 18, 2021$17,357,000——
39ANov 22, 2021$8,986,850——
36FNov 29, 2021$6,434,975——
54EDec 15, 2021$17,357,000——
45ADec 16, 2021$8,727,413——
66EDec 21, 2021$19,804,250——
64EDec 30, 2021$17,867,375——
36AJan 13, 2022$7,429,052——
125Jan 14, 2022$46,958,750——
61EFeb 9, 2022$18,377,750——
33CFeb 10, 2022$11,232,500——
33EFeb 14, 2022$1,017,409——
59EMar 3, 2022$18,377,750——
82WMar 10, 2022$15,060,313——
36EMar 16, 2022$1,226,150——
47CMar 21, 2022$15,315,500——
35FMar 31, 2022$6,301,108——
62NMar 31, 2022$8,405,876——
95EApr 21, 2022$28,074,875——
37FApr 27, 2022$6,679,955——
47DMay 3, 2022$3,985,175——
96WMay 5, 2022$16,011,875——
49AMay 12, 2022$9,191,000——
123May 23, 2022$48,489,875——
32CMay 31, 2022$11,742,875——
115Jul 20, 2022$43,896,500——
93WJul 21, 2022$14,938,697——
38CAug 15, 2022$13,018,813——
79WAug 31, 2022$12,916,738——
85ESep 22, 2022$25,700,000——
85WSep 22, 2022$13,550,000——
38FSep 29, 2022$6,884,105——
46BOct 3, 2022$12,253,250——
37DOct 27, 2022$6,332,900——
60NNov 3, 2022$8,170,250——
122Nov 21, 2022$44,917,250——
33ANov 29, 2022$7,864,025——
46DNov 30, 2022$4,087,250——
124Dec 7, 2022$50,012,810——
63NDec 21, 2022$8,680,625——
48DJan 6, 2023$4,112,769——
114Jan 27, 2023$44,866,213——
95WFeb 3, 2023$16,336,250——
80WFeb 27, 2023$12,697,452——
38DMar 7, 2023$6,434,975——
83WMar 23, 2023$14,039,563——
49DApr 10, 2023$4,505,758——
92WApr 14, 2023$15,009,275——
97WApr 24, 2023$16,425,566——
34EMay 8, 2023$828,450——
38EMay 8, 2023$828,450——
84EJun 8, 2023$25,012,625——
46AJun 12, 2023$8,374,400——
35DJun 23, 2023$5,363,188——
60EJun 29, 2023$16,846,625——
64NJun 30, 2023$8,068,175——
61NJul 10, 2023$7,600,000——
32DJul 13, 2023$8,170,250——
32AJul 17, 2023$7,552,696——
63EJul 24, 2023$16,591,438——
92ESep 21, 2023$29,606,000——
118Oct 24, 2023$46,152,150——
58WNov 29, 2023$12,763,625——
70WDec 26, 2023$16,336,250——
69EDec 27, 2023$18,077,375——
69WMay 2, 2024$14,652,013——
69NMay 10, 2024$7,362,594——
34DMay 13, 2024$6,077,713——
78WJun 14, 2024$15,570,688——
107Jun 14, 2024$117,390,500——
33DJul 26, 2024$5,720,450——
39BAug 20, 2024$43,500,000——
65ESep 26, 2024$18,173,600——
45BOct 10, 2024$11,998,063——
36DOct 29, 2024$5,700,035——
65NNov 14, 2024$7,659,875——
60WDec 23, 2024$13,171,925——
120Dec 26, 2024$45,427,625——
91WMar 3, 2025$15,315,500——
116Apr 10, 2025$45,938,000——
90WJun 25, 2025$15,060,313——
62EJul 29, 2025$17,612,188——
67NAug 6, 2025$7,864,025——
121Nov 4, 2025$47,469,125——
81EFeb 27, 2026$24,502,250——
82EMar 12, 2026$23,991,875——
48BMar 24, 2026$11,947,025——
57WApr 28, 2026$12,660,529——
70NMay 27, 2026$8,170,250——
113Jul 22, 2026$46,958,750——
68NAug 27, 2026$8,170,250——
84WSep 14, 2026$15,213,425——

Pro

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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

What It Costs to Run

The sponsor's projected first-year budget (December 2019 through November 2020) calls for about $11 million in total expenses. Residential common charges cover about $10.3 million and the Retail Unit about $490,000. The summary budget table is badly scanned, but the notes behind it spell out each line. The largest items:

LineFirst-year budget (approx.)
Staff salaries, taxes and benefits$3.6 million
Electricity$2.3 million
Services and supplies$1.4 million
Insurance$1.1 million
Amenity facility operator$800,000
Resident dining (six months)$375,000
Heat and hot water (gas)$355,000
Contingency$250,000

Remember that this is a projection made years before the building opened, and the dining line covers only half a year. Real costs after the first year can come in noticeably higher. To see how this fits with other towers, read why NYC condo operating costs differ and visit our common charges and operating expenses pages.

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

The Building

Finishes

Kitchens

The appliance schedule changes with apartment size, and it's mostly Miele. Even studios get a Miele 24-inch four-burner gas cooktop, a Miele wall oven, a Miele refrigerator and a Miele dishwasher, plus a Bertazzoni microwave-hood. Starting with the one-bedrooms, the package moves up to a 30-inch Miele cooktop and oven, a Miele hood, a Miele speed oven and a 15-inch Marvel wine cooler.

  • Two color schemes: the oven and speed oven model numbers are given in both a "Dark Scheme" and a "Light Scheme" version, so appliance fronts follow the palette you choose.
  • Gas cooking: cooking gas is a building expense, budgeted at roughly $220,000 for the first year.

Baths

The plan sorts bathrooms into finish tiers. In the penthouse floors (72 to 91), for example, the guest bath gets "tertiary" finishes but with an upgrade to a Jason soaking tub and a Graff hand shower. To see how those brands compare across the city, read our guide to bathroom brands in NYC luxury condos.

Laundry

Each apartment comes with a stacking GE washer and dryer. On top of that, Subcellar 3 has a shared laundry room just for residential owners.

Good to know: The plan’s specifications are dated April 2017. If one particular fixture matters to you, ask the selling agent whether a later amendment changed it.

Listings: Central Park Tower on StreetEasy

Amenities: The Central Park Club

The plan calls the amenity package the "Central Park Club." It's spread over three floors.

Floor 14

  • Amenity Terrace built around a two-lane lap pool, about 60 feet (18 meters) long, with a pool cover, set in limestone and timber paving
  • Resident Lounge with custom millwork, for social or business events
  • Screening Room with modular seating you can rearrange for events
  • Conference Room with audio-visual and telecom equipment
  • Pantry with a microwave, dishwasher, refrigerator and coffee maker
  • Children's Playroom

Floor 16

  • Exercise rooms with cardio and strength equipment (the plan doesn't promise specific machines)
  • Men's and women's locker rooms, each with a sauna, plus a steam shower in the women's
  • Spa Treatment Room you can book; treatments cost extra and aren't covered by common charges

Floor 100

  • Grand Ballroom you can reserve for private events
  • Private Dining Room & Bar for residents and their guests

How Resident Dining Works

The plan expects the Residential Board to hire a food service company. Service is planned for lunch and dinner Monday through Friday and dinner only on Sunday, with Saturdays, holidays and all of August off. You can eat in the dining room or have meals sent to your apartment. Meals are billed on top of common charges, and every unit also pays the $2,000 annual assessment whether or not you dine there.

Tip: The plan says plainly that services like this tend to lose money and that the condo covers 100% of the losses. It also makes no promise the dining program will continue. Building your budget around $2,000 as the permanent number would be a mistake. Compare other buildings in amenities by building size.

Other Services

  • Storage bins in the building, licensed with a monthly fee of $1 per square foot
  • Bike storage on Subcellar 3
  • Three residential passenger elevators plus a service elevator; units 107, 127 and 129 each have a private elevator

Amenities, Staffing & Transportation

Staffing and Services

The first-year budget assumes a union staff, paid at Local 32BJ contract rates. The plan lists:

  • 1 resident manager (budgeted base pay $200,000 a year)
  • 4 handymen
  • 2 concierges, 24 hours a day, 7 days a week
  • A doorman, 24/7
  • A hallman, 16 hours a day, 7 days a week
  • A package room attendant, 16 hours a day, 7 days a week
  • 9 porters

Salaries, payroll taxes and benefits come to about $3.6 million, roughly a third of the budget, and union health and pension benefits account for close to $1 million of that. Pool lifeguards and fitness staff come from the separate amenity operator instead.

Good to know: The plan warns that the full staff might not be hired, and doorman hours might be reduced, until the building reaches certain occupancy levels. For context on what front-desk coverage costs, see how much a NYC condo doorman costs.

Transportation

  • Subway: 2 min walk to 59 St-Columbus Circle 1 A B C D; 57 St-7 Av N Q R W, 2 min

Fine Print

What's Specific to It

  • Nordstrom is a co-declarant. The plan says Nordstrom owns the land below a set elevation, the sponsor owns everything above it, and Nordstrom will own the Retail Unit. The two are unaffiliated, and the retail side carries about 24% of the common interest.
  • The boards can't police the store. Per the plan, neither the Condominium Board nor the Residential Board can restrict uses of, or alterations to, the Retail Unit, and the sponsor makes no promises about who will own or use it in the future.
  • A dining club with a fixed fee. Each residential unit is assessed $2,000 a year for private resident dining, and the condo bears all operating losses of the program.
  • Third-party amenity staff. A separate operator is budgeted at about $800,000 to run the amenities, staffing the fitness center and providing pool lifeguards.
  • No reserve fund. The plan sets up no reserve fund; instead, buyers pay two months of common charges into working capital at closing.
  • The sponsor can keep the laundry room revenue. Every unit gets its own washer and dryer, but the sponsor reserves the right to lease the shared basement laundry room to itself and keep what it earns.

The tower's listings concentrate on views and square footage. The Central Park Tower offering plan, the condo plan the developer filed with the New York Attorney General, gets into the parts that decide what living there is like and what it costs. Here's what stands out. (New to these documents? Start with what a condo offering plan is.)

Fine Print Worth Knowing

  • Split ownership of the site. The plan explains that the sponsor sold Nordstrom the part of the site below a horizontal plane about 255 feet above datum and kept everything above it. Nordstrom joins the condominium as a co-declarant and will own the Retail Unit.
  • The retail side has its own protections. Some sponsor rights in the declaration are limited where they would materially harm the Retail Unit's use or what the declaration calls "Nordstrom Areas of Concern." Meanwhile, the residential boards can't restrict the retail unit's use or alterations.
  • Shared costs are divided by formula. General common expenses are split roughly 76% residential and 24% retail, though some lines are divided by actual usage.
  • No reserve fund. Expect a working capital contribution of two months' common charges when you close.
  • Laundry room revenue. The sponsor can lease the shared laundry room to itself or an affiliate, hire an operator and keep the revenue.

Team

Nearby

FAQ

Does Nordstrom have anything to do with the condo?

Yes, but only on the retail side. According to the plan, Nordstrom owns the lower part of the site, will own the Retail Unit as a co-declarant and pays the retail share of general common charges. It is unaffiliated with the sponsor, and the plan makes no promises about the Retail Unit's future use or owner.

What is the Central Park Club?

It's the plan's name for the resident amenities on Floors 14, 16 and 100: a pool terrace, lounge, screening room, playroom, gym, locker rooms with saunas, a spa room, a ballroom and a private dining room and bar.

Do owners have to pay for the restaurant?

Every residential unit was assessed $2,000 a year for dining in the first-year budget, with meals billed on top of that, and the condo absorbs any losses the dining program runs.

Is the staff union?

The plan expects union employees under the Local 32BJ contract: a resident manager, handymen, round-the-clock concierges and doorman, a hallman, a package room attendant and nine porters.

Where this comes from: the building's offering plan as filed with the New York Attorney General (plan CD160240), including its Schedule B notes, amenity descriptions and specifications. Figures are the sponsor's first-year projections, rounded. Updated October 2026.