The 57th Street Report®By Howard Morrel & Leslie Hirsch 57th Street Report Conceived in 1907 by architects Pollard and Steinam, Parc Beaufort is a designated New York City landmark occupying one of Midtown Manhattan’s most prestigious addresses. Positioned two blocks south of Central Park, adjacent to the architectural icons of Billionaires’ Row, and within steps of Carnegie Hall, […]
By Howard Morrel & Leslie Hirsch 57th Street Report The revitalization of 57th Street’s West Side continues as the iconic French-Vietnamese destination, Le Colonial, prepares for its highly anticipated return to Midtown. After a decade-long absence, the restaurant has signed a lease at 50 West 57th Street, a property owned by Vornado and LeFrak. Occupying […]
By Howard Morrel & Leslie Hirsch 57th Street Report The following market report provides an overview of the real estate listings around 57th Street / Billionaires’ Row. The report includes information on properties for sale, properties in contract, and properties sold within the last 12 months. 57th Street Luxury Market ($5M and above) For those […]
By Howard Morrel & Leslie Hirsch 57th Street Report The Full Spectrum of Billionaires’ Row Introduction Few addresses in the world conjure the imagination quite like 57th Street in Midtown Manhattan. Known the world over as Billionaires’ Row, this storied corridor has evolved from a stretch of legendary cultural institutions — Carnegie Hall, the Art […]
By Howard Morrel & Leslie Hirsch 57th Street Report Manhattan’s 57th Street has long been synonymous with ultra-prime real estate, forming the heart of what many call Billionaires’ Row. From first-generation supertall towers to cutting-edge mixed-use developments, this corridor represents a dense ecosystem of art, architecture, culture, hospitality, and flagship retail, all layered into a […]
By Howard Morrel & Leslie Hirsch 57th Street Report A New Landmark on Billionaires’ Row Construction has officially concluded at 125 West 57th Street, a new 30-story mixed-use tower on Manhattan’s prestigious Billionaires’ Row. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the building rises 420 feet and spans approximately 260,000 […]
By Howard Morrel & Leslie Hirsch 57th Street Report The following market report provides an overview of the real estate listings around 57th Street / Billionaires’ Row. The report includes information on properties for sale, properties in contract, and properties sold within the last 12 months. 57th Street Luxury Market ($5M and above) For those […]
By Howard Morrel & Leslie Hirsch 57th Street Report Why 745 Fifth Avenue Abandoned Residential Conversion Plans A notable shift is underway on Billionaires’ Row, as the owners of 745 Fifth Avenue, the landmark Bergdorf Goodman building at 58th Street, officially abandon plans for a residential conversion and recommit to office use. The move underscores a broader resurgence in […]
By Howard Morrel & Leslie Hirsch 57th Street Report The hotel-to-residential conversion of 440 West 57th Street is taking shape with the release of a new rendering. The project will transform a former hotel complex in Hell’s Kitchen into a condominium development along West 57th Street. The site is located between Ninth and Tenth Avenues […]
By Howard Morrel & Leslie Hirsch 57th Street Report A major legal decision has put renewed focus on the risks of ground lease co-ops along Manhattan’s most valuable corridors. This week, a New York State Supreme Court judge ruled in favor of the landowners in the long-running ground lease dispute at Carnegie House, a prominent cooperative building located […]
By Howard Morrel & Leslie Hirsch 57th Street Report The following market report provides an overview of the real estate listings around 57th Street / Billionaires’ Row. The report includes information on properties for sale, properties in contract, and properties sold within the last 12 months. 57th Street Luxury Market ($5M and above) For those […]
By Howard Morrel & Leslie Hirsch 57th Street Report In our recent update on the transformation of 57th Street, we highlighted the ongoing demolition and redevelopment of Louis Vuitton’s flagship at 1 East 57th Street — a project redefining luxury retail on Fifth Avenue. Since then, new developments further west along the corridor underscore just […]
By Howard Morrel & Leslie Hirsch 57th Street Report Despite shifting buyer preferences and ongoing economic adjustments throughout 2025, New York City’s luxury residential market remained resilient. Demand stayed particularly strong in core neighborhoods offering premier inventory, where well-positioned properties continued to draw interest from high-net-worth buyers and investors. Confidence at the top end of […]
By Howard Morrel & Leslie Hirsch 57th Street Report Bonhams will open its new U.S. headquarters at Steinway Hall, 111 West 57th Street, on February 9, 2026. The move places the international auction house at the center of Midtown Manhattan’s cultural corridor and represents a major expansion of its New York presence. The new flagship […]
By Howard Morrel & Leslie Hirsch 57th Street Report Few architects have altered the trajectory of New York City’s luxury landscape the way Robert A.M. Stern did. With a career defined by scholarship, craftsmanship, and an unwavering reverence for New York’s architectural past, Stern reimagined what modern luxury could look like ushering in a new […]
By Howard Morrel & Leslie Hirsch 57th Street Report The Louis Vuitton 57th Street flagship is officially entering a transformative new chapter as demolition progresses at 1 East 57th Street, marking the start of one of Manhattan’s most ambitious luxury retail projects. Situated on iconic Billionaires’ Row at the corner of Fifth Avenue and East […]
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