111 W 57TH Street #28
About This Property
Direct elevator entry leads into a sprawling full-floor, three-bedroom, three-and-a-half-bathroom Tower Residence that encompasses 4,492 square feet of space on the 28th floor of 111 West 57th Street. The richly detailed finishes are conceived throughout by Studio Sofield and demonstrate an extraordinary commitment to craftsmanship and quality. The formal entry gallery is finished with white macauba stone floors and a dramatic north to south view gallery which leads into the expansive great room highlighted by intricately patterned floors in custom smoke-gray solid oak, 14-foot ceilings and floor-to-ceiling windows through which to enjoy the views of Central Park.
The expansive corner south-facing kitchen features a breakfast area, custom cabinetry in a light hand-rubbed finish, stepped crystallo white quartzite countertops and backsplash, and a full suite of Gaggenau appliances.
The luxuriously appointed primary bedroom suite features southern skyline city views, two large walk-in closets, and a windowed bathroom clad in veined white onyx with a custom freestanding polished nickel bathtub by William Holland and custom designed fixtures hand-cast by P.E. Guerin. Secondary bathrooms are finished with crystallo gold quartzite and the powder room features a jewel onyx stone vanity, floors and wainscoting.
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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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 13, 2023 | Sold to 2016 The Mccollum Trust Dat... | ||
Sold to 2016 The Mccollum Trust Dat... | |||
May 25, 2023 | Listed by Corcoran Group | $14,700,000 | |
Listed by Corcoran Group | |||
Jan 6, 2023 | Withdrawn | - | |
Withdrawn | |||
Feb 8, 2022 | Listed | $16,250,000 | |
Listed | |||
| |||
CLOSINGS HAVE COMMENCED.
Direct elevator entry leads into a sprawling full-floor,
three-bedroom, three-and-a-half-bathroom Tower Residence that
encompasses 4,492 square feet of space on the 28th floor of 111
West 57th Street. The richly detailed finishes are conceived
throughout by Studio Sofield and demonstrate an extraordinary
commitment to craftsmanship and quality. The formal entry gallery
is finished with white macauba stone floors and a dramatic north to
south view gallery which…
|
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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