111 W 57TH Street #17N
About This Property
Move right in to Landmark Residence 17N at 111 West 57th Street, which provides an unparalleled opportunity for one who enjoys modern conveniences within grand spaces reminiscent of the pre-war era. This residence offers two bedrooms, and two-and-a-half bathrooms within 2,580 square feet of interior space. Originally designed by Warren & Wetmore and completed in 1925, Steinway Hall has been reimagined by SHoP Architects and Studio Sofield, who have curated a boutique collection of residences while paying homage to the distinct, original architectural design.
An elegant, windowed entry foyer offers white macauba stone floors, and the stunning powder room is finished in jewel onyx. A spacious great room features high ceilings, custom smoke gray oak floors in a parquet pattern and a fireplace. The open kitchen features a center island and is finished with Cristallo Gold quartzite countertops and backsplash, custom hand-crafted cabinetry, and a full suite of Gaggenau appliances.
The corner primary bedroom is outfitted with two large walk-in closets, a windowed bathroom clad in Italian white Venato marble and free-standing copper soaking tub handcrafted by William Holland and custom bronze fixtures by P.E. Guerin.
Residents at 111 West 57th Street will enjoy a rare porte cochere entrance on 58th Street, an 82 foot two-lane swimming pool with private cabanas, separate sauna and treatment rooms, double-height fitness center with mezzanine terrace, private dining room and chef's catering kitchen, residents' lounge with expansive terrace, meeting rooms and a study, 24-hour attended entrances and dedicated concierge service.
Residents will have access to an on-site padel court, golf-simulator, and children's play room. These amenities are part of Non-Residential 2 Unit and are owned and controlled by the Non-Residential 2 Unit Owner. Additional fees may apply.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 11, 2023 | Sold to Pianoval Llc | ||
Sold to Pianoval Llc | |||
Sep 8, 2023 | In contract | - | |
In contract | |||
Jun 5, 2023 | Price Decreased |
$5,995,000
↓ $1M
(14.3%) | |
Price Decreased | |||
Nov 30, 2022 | Price Decreased |
$6,995,000
↓ $755K
(9.7%) | |
Price Decreased | |||
Feb 9, 2022 | Listed by Corcoran Group | $7,750,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/18/2024
|
3 Bed
|
4 Bath
|
3873 ft²
|
$19,750,000
3 Bed
4 Bath
3873 ft²
|
$19,750,000
11/12/2024
|
-
|
Nikki Field
Sothebys International Realty
| |
08/13/2024
|
3 Bed
|
4 Bath
|
4492 ft²
|
$14,000,000
3 Bed
4 Bath
4492 ft²
|
$14,000,000
11/15/2024
|
-
|
Nikki Field
Sothebys International Realty
| |
07/15/2024
|
3 Bed
|
4 Bath
|
3873 ft²
|
$20,250,000
3 Bed
4 Bath
3873 ft²
|
$20,250,000
12/06/2024
|
-
|
Nikki Field
Sothebys International Realty
| |
05/21/2024
|
3 Bed
|
4 Bath
|
4492 ft²
|
$13,750,000
3 Bed
4 Bath
4492 ft²
|
$13,750,000
06/18/2024
|
-
|
Kane Manera
Corcoran Group
| |
03/27/2024
|
3 Bed
|
5 Bath
|
3601 ft²
|
$6,995,000
3 Bed
5 Bath
3601 ft²
|
$6,995,000
06/11/2024
|
-
|
111 West 57 Sales Galley
Corcoran Group
| |
01/05/2024
|
3 Bed
|
4 Bath
|
3873 ft²
|
$22,750,000
3 Bed
4 Bath
3873 ft²
|
$19,500,000
-14.29%
06/28/2024
|
-
|
Janet Wang
Corcoran Group
| |
01/05/2024
|
3 Bed
|
4 Bath
|
4183 ft²
|
$25,000,000
3 Bed
4 Bath
4183 ft²
|
$21,500,000
-14.00%
06/21/2024
|
-
|
Janet Wang
Corcoran Group
| |
11/19/2023
|
3 Bed
|
4 Bath
|
4492 ft²
|
$17,750,000
3 Bed
4 Bath
4492 ft²
|
$15,370,000
-13.41%
03/21/2024
|
111 West 57 Sales Galley
Corcoran Group
| ||
10/16/2023
|
3 Bed
|
4 Bath
|
3535 ft²
|
$9,995,000
3 Bed
4 Bath
3535 ft²
|
$9,995,000
05/28/2024
|
-
|
Kane Manera
Corcoran Group
| |
10/06/2023
|
3 Bed
|
5 Bath
|
3596 ft²
|
$8,495,000
3 Bed
5 Bath
3596 ft²
|
$6,895,000
-18.83%
06/27/2024
|
-
|
Janet Wang
Corcoran Group
| |
07/02/2023
|
3 Bed
|
5 Bath
|
7175 ft²
|
$52,000,000
3 Bed
5 Bath
7175 ft²
|
$52,000,000
09/29/2023
|
-
|
J Erickson
Douglas Elliman Real Estate
| |
05/25/2023
|
3 Bed
|
4 Bath
|
-
|
$14,700,000
3 Bed
4 Bath
|
$13,600,000
-7.48%
07/13/2023
|
111 West 57 Sales Galley
Corcoran Group
| ||
05/02/2023
|
3 Bed
|
4 Bath
|
4492 ft²
|
$14,200,000
3 Bed
4 Bath
4492 ft²
|
$14,200,000
05/28/2024
|
-
|
Kane Manera
Corcoran Group
| |
04/13/2023
|
4 Bed
|
6 Bath
|
4768 ft²
|
$15,750,000
4 Bed
6 Bath
4768 ft²
|
$13,500,000
-14.29%
05/31/2023
|
111 West 57 Sales Galley
Corcoran Group
| ||
03/23/2023
|
3 Bed
|
4 Bath
|
3535 ft²
|
$10,995,000
3 Bed
4 Bath
3535 ft²
|
$9,250,000
-15.87%
04/14/2023
|
Janet Wang
Corcoran Group
| ||
11/08/2022
|
3 Bed
|
4 Bath
|
4492 ft²
|
$16,500,000
3 Bed
4 Bath
4492 ft²
|
$14,625,000
-11.36%
11/30/2022
|
111 West 57 Sales Galley
Corcoran Group
| ||
10/24/2022
|
4 Bed
|
5 Bath
|
4547 ft²
|
$15,900,000
4 Bed
5 Bath
4547 ft²
|
$12,950,000
-18.55%
11/07/2023
|
-
|
Janet Wang
Corcoran Group
| |
02/09/2022
|
2 Bed
|
3 Bath
|
2580 ft²
|
$7,750,000
2 Bed
3 Bath
2580 ft²
|
$5,000,000
-35.48%
09/11/2023
|
-
|
Kane Manera
Corcoran Group
| |
02/09/2022
|
3 Bed
|
5 Bath
|
5269 ft²
|
$21,000,000
3 Bed
5 Bath
5269 ft²
|
$18,500,000
-11.90%
09/12/2022
|
111 West 57 Sales Galley
Corcoran Group
| ||
02/08/2022
|
3 Bed
|
4 Bath
|
4492 ft²
|
$29,750,000
3 Bed
4 Bath
4492 ft²
|
$26,500,000
-10.92%
07/28/2022
|
111 West 57 Sales Galley
Corcoran Group
|
Building Info
- 3 Units for Sale
About Midtown Manhattan
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