Super-tall, thin, sexy and elegant! One would think I was referring to the latest runway models at New York fashion week, but, actually, I am referring to the new super-tall, ultra-luxury condominium towers that have been rising along Billionaire’s Row New York. While NYC Billionaires Row is located along 57th Street, it is more accurate to include certain buildings within the same corridor from 53rd Street to 60th Street and from Park Avenue to the western side of Broadway.
While the intersection of East 57 Street and Fifth Avenue has long been the epicenter of luxury retail in Manhattan, where you’ll find Bergdorf Goodman, Louis Vuitton, Tiffanys, Bulgari, it hasn't been the most exclusive of New York residential real estate since the Gilded Age, until now.
Why establish the West 57th Street area as Billionaires Row? From the 57th Street corridor, as one goes higher in these buildings, the views open up to the most spectacular sweeping views of Central Park’s landscape. Many of these buildings also have amazing views of the city as well. The proximity of the 57th Street corridor to Central Park’s southern edge has fueled this ultra-luxury building boom with some of the most glamorous apartments in Manhattan.
“As of right” zoning in this area also makes it much easier to build a super-tall building here than in say the Upper West Side or Upper East Side, where they are all but forbidden. In addition, many of these skinny buildings are only now being made possible because of technological advances in construction, allowing narrow buildings to pop up in seemingly impossible spaces.
Why Manhattan? The Manhattan real estate market has had a great long-term historical track record in terms of price appreciation, resiliency, and stability. For these reasons, many owners will use these ultra-luxury apartments as vertical safety deposit boxes, keeping large chunks of their net worth out of international and domestic gyrating stock markets, as well as far away from political turmoil and economic uncertainty. While there are periodic corrections, such corrections are nothing like what happens with the price of gold or even the stock market - remember 2009!
Expect to pay $15 million to $30 million for entry-level apartments with direct unobstructed Central Park Views in many of these trophy buildings, although certain buildings, like One57, the pioneer in the neighborhood, and Central Park Tower, the tallest residential building in the Western Hemisphere, have some smaller units and, therefore, lower prices, making those perfect for pied-à-terre.
These super towers, like supermodels, are vying to be the most beautiful, fashionable, adored and exclusive in the city, if not the world. Which super tower contestants are vying to be the best new ultra-luxury residence on the new Billionaire’s row NYC? Here is the cast:
Which one do you think is the best New York Billionaires Building?
After the listings below, we go into more detail of each of these amazing buildings.
Having lived in the Columbus Circle neighborhood for the last 12 years (8 years on W57th Street and 4 years just above the Circle on CPW), these buildings have been like our babies and it has been fun to watch them grow. One thing for sure is that they are all very nice, but there are nuances between them that are not evident.
We have helped buyers purchase in some of these buildings and have visited them all on countless occasions with our buyers or visiting friends. Accordingly, we know them all like no other broker around. While we have provided a summary of each of these amazing buildings below, we would be happy to delineate the pros and cons of each apartment in any of these buildings down to the floor height of the apartment as well as the line of the building. These factors play a crucial role in pricing.
To receive a more complete analysis of each, please reach out to us directly.
Address: 217 West 57th Street, New York, NY
The tallest residential building in the world, standing at 1,550 feet tall, Central Park Tower, at the corner of Broadway between 57th and 58th Streets, boasts amazing helicopter views of Central Park and NYC.
Adrian Smith + Gordon Gill Architecture, has a lot of experience designing supertalls-- having designed the Burj Khalifa, the world’s tallest building located in Dubai. Extell tapped Rottet Studio, which has designed interiors of the St. Regis, Four Seasons and Langham branded hotels.
Extell applied lessons learned by developing One57, New York’s first ultra-luxury tower on Billionaires to Central Park Tower.
The building has one of the most spectacular amenity packages of any Manhattan building, including its 100th floor amenity space that includes a grand ballroom (up to 126 people), private restaurant and bar, wine and cigar rooms. In addition, there is a landscaped terrace with a 60’ outdoor pool on the 14th floor.
Central Park Tower usurped 432 Park as the tallest building in NYC by 51 feet. It also is taller than 111 West 57th Street by only 128 feet. It will also rise 50% higher than 220 Central Park South, the new 953 foot Robert A. M. Stern tower that lies directly north of the building.
Central Park Tower apartments for sale begin at $6M, but can go all the way up past $200M. If you are looking for a full floor ultra-luxury condo in the $50M range on New York Billionaires Row, Central Park Tower has 10 of them!
The Central Park Tower apartment cost really depends on which floor the apartment is on and which view the apartment has. Height and views really increase the price in NYC.
Address: 111 West 57th Street, New York, NY
The world’s skinniest skyscraper, 111 W 57th Street, rises 1,428 feet above the old Steinway & Sons 1925 headquarters. The building is considerably higher than its neighbor One57, which is 1,005 feet tall, making it one of the tallest in NYC. The views from this building are stunning, as the building perfectly bisects Central Park, creating a symmetrical view of the park.
The full floor and duplex concept for the tower, making the building very exclusive, with a maximum of only one unit per floor in the tower. The building will have 60 luxury condos with prices in line with many of its ultra-luxury competitors.
The terra cotta and bronze façade designed by SHoP architects is quite unique and beautiful. And, one of our favorite interior designers, Studio Sofield, created gorgeous living spaces throughout. Property Markets Group and JDS were the developers of the project.
111 West 57th Street prices for an unobstructed Central Park view is in the low $20Ms. There are other more reasonably priced units without park view in the base of the building.
Superior Ink (400 West 12th Street): Designed by NYC’s favorite architect, Robert A.M. Stern, Superior Ink is a full-service luxury condo building along the Hudson River. There are also a set of adjacent townhouses on West 12th Street that were designed as part of the project. This building has been a huge success since its arrival in 2009.
Address: 220 Central Park South, New York, NY
Set on Central Park South between Seventh Avenue and Broadway, 220 Central Park South is one of the most successful of all the buildings along the 57th Street corridor.
220 CPS, developed by Vornado Realty Trust, has some of the best DNA out of the bunch with its permanently unobstructed views of Central Park from most units. New Yorkers love the work of the building’s architect Robert A. M. Stern, who also built other ultra luxury projects neighboring 15 Central Park West and 520 Park Avenue.
Stern knows how to design for the ultra-wealthy set and has had a great track record in this market segment. While 220 Central Park South has a lot in common with its elegant neighbor, 15 Central Park West, it is a much more slender and taller version.
With its limestone façade, classic uptown pre-war styling, house and tower combination, and a private car court on 58th Street, 220 CPS
Address: 432 Park Avenue, New York, NY
One of the tallest residential buildings in New York, 432 Park is 1,398 feet tall. It is located between 57th and 56th Streets and Park and Madison Avenues - perhaps the most expensive block in Manhattan.
The architect Rafael Vinoly designed the 432 Park Avenue apartments’ exteriors and Deborah Burke the interiors. Vinoly’s design is inspired by the perfect square, which he used for the floor-plate of the building, as well as sections of the building exterior, and each of the windows, which are 10-feet by 10-feet. The ceiling heights are huge, with 15-feet slab to slab.
There are sections cut out every 10 floors which helps reduce any swaying from high winds.
With such a large floorplate of 8,500 square feet, 432 Park has some of the most expensive Billionaire NYC Penthouses. On the lower floors, buyers can even purchase staff quarters and private office condos exclusively for sale to owners.
While there is no hotel component at 432 Park Avenue, residents have an array of first class amenities, including a private dining room and motor court. In addition, since there is no hotel component, residents won’t have to share their swimming pool or any other amenities with hotel guests. However, residents can have housekeeping, room service, and parking even though there is not hotel.
Address: 520 Park Avenue, New York, NY
520 Park Avenue was developed by the Zeckendorf’s, the same team behind the uber-successful 15 Central Park West, 18 Gramercy Park and 50 United Nations Plaza. Its 31 units rise only 51-stories, making it by far the shortest of the bunch in the 57th Street corridor.
520 Park is in the southern section of the Upper East Side on East 60th Street between Park and Madison Avenue. Since this is a low-rise neighborhood, apartments have great views of Central Park and the city while, at the same time, being in a traditional New York neighborhood.
The building's design take cues from New York’s grand apartment buildings from the 1920s and 1930s, as well as modern interpretations of these bygone apartment houses, such as 15 Central Park West, 220 Central Park South and The Four Seasons Private Residences Downtown NY, which also were designed by the same architect, Robert A. M. Stern.
Each of the units is either a full-floor, duplex, and for the penthouse, triplex residence. Each will offer classic layouts in a modern setting, with distinctive entertaining spaces, formal living and dining rooms, soaring ceiling heights and the finest finishes. Duplexes and the triplex have balconies with great Central Park views. The building’s floor plate is small in comparison to some of its competitors, allowing for a 4-bedroom full floor of just 4,600 square feet, as well as a 6-bedroom duplex of over 9,200 square feet.
Given the pedigree of this building, such as its superb location, a hugely successful developer (the Zeckendorfs), and revered architect Richard A.M. Stern, there is no doubt that this building will be successful with a certain crowd. Because there are so few units, we expect this building
The West Village has always been accepting of its bohemian culture with colorful residents. The village, historically, has been the focal point of many different political and cultural movements, such as LGBTQ rights, Racial Equality (Cafe Society, the first racially integrated nightclub in the city, opened in 1936).
Because of its literary roots, the West Village is full of bookshops that sell new and used books. Take a walk down Bleecker Street, and enjoy window shopping in some of the quirkiest and cutest shops New York NY has to offer.
The gay rights movement had a critical moment in West Village at Stonewall Inn on Christopher Street in 1969. Much of that scene, however, has moved up to Chelsea and Hells Kitchen over the years.
Address: 157 West 57th Street, New York, NY
Billionaire’s Row likely never would have happened if it wasn’t for Extell’s foray into ultra luxury with the addition of One57. One 57 was the first building in New York City to record a sale close to $100 million.
Designed by French architect Christian Portzamparc, the building is 1,050 sq. ft. tall. Interiors were created by Thomas Juul-Hansen. Positioned almost smack dab in the middle of 6th and 7th Avenues, One57 has breathtaking symmetrical views of Central Park to the north.
Residences feature kitchens by Smallbone of Devizes and the residences with the best views of the park are large, between 3,000 and 6,800 square feet.
The 5-star flagship Park Hyatt NY Hotel is housed in the lower half of the building. In addition to One57 amenities, residents can have 24-hour room service, housekeeping service, dry cleaning and laundry, etc.
Address: 53 West 53rd Street, New York, NY
53 West 53 is rising 1,050 feet tall into the New York skyline, a bit shorter than its original 1,250-foot design, but still a supertall. The tower, located one building east of 6th Avenue between 53rd and 54th Streets, will rise 72 stories and feature 145 ultra-luxury condos.
While the building is a bit further afield from 57 Street and Central Park than some of the others in the 57th Street corridor, we expect Jean Nouvel’s design to triumph because of his truly one-of-a-kind architecture.
French architect Jean Nouvel's design is at the same time "out there" but also very cool, as only Jean Nouvel knows how to do it. The Pritzker Prize winning architect has long been revered as a risk taker for his creative experimentation that always results in cutting edge designs. The building tapers to a set of peaks at the tower’s apex and the building’s skin will be an exoskeleton.
Designed by Thierry Despont, the interiors are warm with kitchens by Molteni & C and baths with Italian-finished Verona limestone. Because of the exoskeleton, there are no columns to worry about. The triple glazed windows are cutting edge and minimizing noise.
Address: 730 Fifth Avenue, New York, NY
Located at the top of the gorgeous pre-war Crown Building, the Aman New York Residences will feature the first urban Aman Residences, however, there will be only 20 residences.
The bottom floors will house a new Aman Resorts New York Hotel with 83 rooms. While this is not a supertall, it is along Billionaire's Row at 57th and Fifth and boasts views of Central Park to the north and is incredibly expensive. The one-of-a-kind 5-story penthouse at the Aman New York sold for $150M.
Residences will receive the unrivaled, intuitive service for which Aman is known for. In addition, residents can use the amenities of the hotel, such as the Jazz Club and Garden Terrace.
Developed by Vladislav Doronin, the CEO and majority shareholder in Aman Resorts, who is also developing a few condo buildings we like in Miami: Una Residences and Missoni Baia. Jean-Michel Gathy of Denniston, a longtime Aman collaborator, designed the interiors.