If you are searching One57 for sale, you are not collecting brochure language. You want a real path into Billionaires' Row that still prices like an opportunity, not a vanity ask.
That path, right now, runs through One57 unit #53B at 157 West 57th Street. Asking $18,495,000 after a $30M purchase. My locked frame: the best value on Billionaires' Row. Same unit is also live for rent at $170,000/mo, currently the most expensive rental listing in New York City.
The history of One57
One57 was the first tower that made Billionaires' Row a real market, not a magazine phrase. It sits at 157 West 57th Street. It is an Extell Development building, and it is still one of the best-run towers on the strip: elite staff, serious operations, and a track record of deep discounts when capital rotates out of trophy floors.
That history matters when you underwrite One57 for sale today. Buyers do not pay for the skyline alone. They pay for a building that already proved it can absorb global capital, then reprice when the cycle turns.
Why One57 still wins on the Row: the Park Hyatt
Here is the living advantage most listing copy skips. One57 has the Park Hyatt New York in the building.
You can order room service at any hour. Guests can stay downstairs in the hotel instead of taking over your apartment or hunting a separate property. Full hotel services sit under the condominium: hospitality staffing, concierge culture, and a lobby machine international buyers already know how to use.
That hotel stack is why I still call One57 the strongest everyday product on Billionaires' Row. Most of the peer towers on the strip do not give you a five-star hotel underneath the residences. One57 does. The result is international pull that survives bad news cycles, because global capital already understands how to buy into a hotel-backed address.
The cultural footprint travels too. Sean Combs was arrested at the Park Hyatt. Open the Netflix documentary on him and look at the opening: a hotel overlooking Central Park. That is the Park Hyatt, same building as the residences. The address is already in the culture. Then the product has to deliver. The hotel services are how it does.
Why top luxury got hammered: the pied-a-terre tax and who left
Manhattan's top of market was never only full-time New Yorkers. For years it ran heavy on international and non full-time New York buyers. The pied-a-terre tax hammered that buyer stack. When those wallets pulled back, trophy inventory stopped trading at the old velocity.
Buildings like One57 did not suddenly become less elite. The buyer pool that used to clear asking prices thinned. That is the setup for value listings, not a story about the product failing.
When units lease instead of trade
In this stretch of the cycle, more owners lease instead of forcing a sale into thin demand. The monthly rents at the top have gone wild. That is not me inventing a headline. It is what the press is already reporting, and what I see on the ground.
Per NY Post reporting (Sep 1, 2026), Manhattan luxury rents hit $50K to $100K+ a month, more than doubled and in places sevenfold versus 2025. I agree with that read of the market: lease demand at the ultra-luxury tier is real, loud, and priced like a substitute for buying when rates and taxes scare capital.
#53B sits above that print. At $170,000/mo it is currently the most expensive rental listing in New York City, offered as a live alternative to buying the same floor. My read on who clears these leases is sharper than the headline: the better deals lean toward New Yorkers, not out-of-town renters who still treat the city as optional. Local users who need the product day to day clear cleaner than distant capital shopping for optionality.
Buy the discount, or wait on rates?
Every serious buyer on Billionaires' Row is in the same debate. Wait for a friendlier rate path, or buy the discount while sellers who paid peak still need liquidity.
Waiting has a cost. If the unit you want is already asking well below its prior purchase basis, and the building still runs like a flagship with hotel services underneath, the rate bet can be the expensive choice. Buying the discount locks the asset. Waiting locks you into hope that a better print shows up before another buyer does.
That is the real question for anyone underwriting One57 for sale. Do you want the historical Extell building, the Park Hyatt advantage, and the current ask, or do you want another year of watching rents and rates argue while the floor you wanted trades past you?
The listing: One57 #53B
157 West 57th Street #53B in the One57 Condominium is live as my flagship value play on Billionaires' Row.
- For Sale ask: $18,495,000
- Prior purchase: $30M
- Also For Rent: $170,000/mo (currently the most expensive rental listing in New York City)
- Layout: 5 beds, 5 baths + 1 half bath, 5,475 sqft
- Developer: Extell Development
- Frame: best value on Billionaires' Row, with Park Hyatt hotel service in the building
Sale listing: StreetEasy sale · SERHANT listing
Rent listing: StreetEasy rent
This is not a theoretical comp set. It is a named unit, a named ask, and a named building advantage most of the Row cannot copy.
Why work with me on this
I lead the Lundgren Team | SERHANT with $550M in career volume across New York and Florida. Trophy sales are the book. Billionaires' Row is the specialty, not a side lane.
Ryan Serhant put me on Extell's Central Park Tower penthouse mandate, the world's tallest residential tower, listed around $250M, to hunt the billionaire buyer. We did not sell that penthouse. The point is the assignment: Extell trust, Ryan's direct bench, and Row-level deal work. One57 is Extell too. Same developer family, same corridor, same buyer stack I already know how to talk to.
Netflix Owning Manhattan made the brand public. JUMP, my book in progress, is the longer record of how this career was built. The product on #53B is still the unit, the ask, and the Park Hyatt edge.
If you are underwriting One57 #53B, we talk purchase basis versus ask, lease as a live alternative at $170,000/mo, the Park Hyatt hotel stack, and whether waiting on rates is strategy or delay. If you are a seller watching this print, this is how I price the discount the market already understands, then distribute it through SERHANT.
FAQ
Is there a One57 for sale listing you are actively marketing?
Yes. One57 unit #53B at 157 West 57th Street is for sale at $18,495,000, with a prior purchase of $30M. It is also offered for rent at $170,000/mo, currently the most expensive rental listing in New York City.
Why do you call One57 the best building on Billionaires' Row?
Because it was first on the Row, it is Extell, it still runs with elite staff, and it has the Park Hyatt in the building. Room service any hour, guests downstairs, full hotel services under the residences. Most peer towers on the Row do not have that stack. That hotel edge is also why the building keeps international pull.
Why do you call #53B the best value on Billionaires' Row?
Because the ask is $18.495M against a $30M purchase basis, in that building, while the broader luxury market is still digesting pied-a-terre tax pressure plus rate hesitation. That is my locked frame for this listing.
Are Manhattan luxury rents really at $50K to $100K+ a month?
That is how the NY Post reported the ultra-luxury rent print (more than doubled / sevenfold versus 2025). I agree with that press read. Separately, #53B at $170,000/mo is currently the most expensive rental listing in New York City, and I see cleaner lease deals leaning toward New Yorkers over out-of-town renters.
Should I buy #53B or rent it first?
That is a capital and use question. The unit is live both ways: buy at $18,495,000 or lease at $170,000/mo. Call me and we underwrite it against your rate view, tax posture, and how New York you actually live.
What markets do you cover?
New York and Florida, with the Lundgren Team | SERHANT platform behind the book. Career volume: $550M. Focus: trophy properties and Billionaires' Row.
Call me on One57 #53B
Ready to underwrite One57 for sale at the price the market is actually clearing, with the Park Hyatt advantage most of the Row cannot match?
Call Nile Lundgren: (917) 453-4526
Web: nilelundgren.com
Team: Lundgren Team | SERHANT · Netflix Owning Manhattan · $550M career volume · New York and Florida
Listing: 157 West 57th Street #53B · One57 (Extell) · For Sale $18,495,000 · For Rent $170,000/mo
Ready to buy or sell luxury real estate in New York or Florida? Call Nile Lundgren at (917) 453-4526 or visit nilelundgren.com. Nile leads the Lundgren Team | SERHANT with $550M in career volume.
