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Penthouse terrace at Malabar Residences, 126 East 57th Street, #PH1A | https://www.cityrealty.com/nyc/midtown-east/malabar-residences-126-east-57th-street/179571/PH1A/aKgOfvqBsrJ
When many people picture New York City, it's not uncommon to imagine the Midtown skyline with the Empire State Building and the Chrysler Building or mainstays like high-rise office buildings, Times Square, Rockefeller Center, Broadway theaters, and Fifth Avenue department stores. But beyond these tourist hot spots, Midtown has emerged as an increasingly livable and attractive area.
When conversations about office-to-residence conversions were at their loudest, empty Midtown office buildings were seen by some as prime candidates. But owing to their large, awkward floor plates of a typical Midtown office building, rentals are likeliest to come from these converted buildings. Indeed, when development team Empire Capital Holdings and Hakimian Organization bought the debt on a former factory building at 335 West 35th Street in April 2026, it was with the intent of exploring options to convert it to rentals, as opposed to Society House, the luxury condominium that the seller, The Chen Foundation, planned.
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And office remains king in many parts of Midtown, especially the Plaza District. Earlier this spring, the Soloviev Group's 9 West 57th Street broke an office rent record getting $327.50 per square foot. Nearby at 625 Madison Avenue, developers Related Companies and Andrew Matthias switched gears from a residential supertall to a state-of-the-art, carbon-neutral, 52-story office tower designed by Foster + Partners and Gensler.
Midtown is getting its a 21st century version of Chase Manhattan Plaza that will also interrupt views of buildings people actually like (i.e. The Four Seasons Hotel). Newly released rendering of a planned 52-story office tower at 625 Madison Avenue, a site once slated for super-luxury condos. Credit: Foster + Partners for Related Companies
Foundation work on 625 Madison Avenue underway, mid-April 2026 (CityRealty)
However, at 685 Fifth Avenue, the former Gucci headquarters have been repurposed into Mandarin Oriental Fifth Avenue, luxury hospitality brand Mandarin Oriental's first stand-alone residences with access to an array of five-star services and luxurious amenities like a rooftop pool and Boulud Privé, a private restaurant concept by Michelin-starred chef Daniel Boulud. The building recently relaunched sales with adjusted prices from $1.82 million for a studio to $15 million for a two-bedroom penthouse with private terrace, and broker Peter Zaitzeff of SERHANT said that this comes at a time of a resurgence in Midtown and the neighborhood being seen as more of a leisure destination, thanks to hot spots like Polo Bar and Monkey Bar, as opposed to a strictly business district. He also points out that a planned Fifth Avenue redesign, which is to include widening the sidewalks and adding landscaping, will make the area feel more residential.
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"This location, around Bergdorf Goodman, The Plaza, and Central Park South, is really the epicenter of New York City culture and life" - Peter Zaitzeff, Serhant, on Mandarin Oriental Fifth Avenue's neighborhood
Previous rendering of 460 Tenth Avenue (Sherwood Equities)
On the new construction front, in late March 2026, Prospect Development Group filed permits for a new 34-story tower designed by Fogarty Finger and located at 460 Tenth Avenue, one of the last major development sites in Hudson Yards. The project calls for 16,800 square feet of retail space, 456 apartments, upper-level amenity space, bike storage, and an on-site parking garage. This differs from site owner Sherwood Equities' original plan for a 42-story, 233-unit condominium; Sherwood Equities listed the site for sale in November 2025, but a sale has not been recorded.
In the meantime, work is underway on 401 East 51st Street, a new condominium on the corner of East 51st Street and First Avenue. The new 29-story, 83-unit condominium designed by Selldorf Architects is close to topping out construction, and its lower floors are being clad in reddish terra cotta panels arranged in a repeating, faceted pattern that captures light and shadow throughout the day. These panels create a sculptural, almost quilted effect that gives the building a bit of depth and visual movement.
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Additionally, several projects in residential Midtown neighborhoods like Turtle Bay, Beekman/Sutton Place, Hell's Kitchen, and even on Billionaires' Row have topped out, are winding down work, and are gearing up for sales launches. We look at 10 condos with sales underway or launches on the horizon.
Malabar Residences, Billionaires' Row/Midtown East
Developed by MRR Development
Design by ODA Architecture
28 stories | 467 feet
147 studio to three-bed condos
14 available listings from $1.51M
Developed by MRR Development
Design by ODA Architecture
28 stories | 467 feet
147 studio to three-bed condos
14 available listings from $1.51M
Malabar Residences (Douglas Elliman)
A short distance from supertall 432 Park Avenue, Malabar Residences is distinguished by its "pixelated" facade that allows for private outdoor space in almost every unit. Interiors feature large-scale windows, 7" white oak plank flooring, kitchens with Taj Mahal quartzite countertops and integrated Jenn-Air appliances, and primary suites with glass-enclosed walk-in showers and radiant heated floors.
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Residential amenities are spread over five levels, starting with a porte-cochere entrance and attended lobby. Two levels of wellness amenities include a fitness center, a multi-sport half-court, a double-height lap pool with hot tub, a spa area with sauna and steam room. The fourth floor has a game room with dual catering kitchens, a children's playroom, and a landscaped outdoor terrace. The thirteenth-floor CLUB13 offers a lounge with bar and covered loggia access. The roof terrace has dining and entertaining areas, not to mention skyline views.
Malabar Residences, #PH1A (Douglas Elliman Real Estate)
Mandarin Oriental Fifth Avenue, Midtown East
Developed by Shvo
Design by Marin Architects (conversion)
30 stories | 350 feet
69 studio to three-bed condos
11 available listings from $1.82M
Developed by Shvo
Design by Marin Architects (conversion)
30 stories | 350 feet
69 studio to three-bed condos
11 available listings from $1.82M
Mandarin Oriental Fifth Avenue (Evan Joseph)
Of Mandarin Oriental Fifth Avenue, the luxury hotel brand's first standalone residences, Peter Zaitzeff of Serhant says, "You’re essentially getting everything you would want in a hotel, but within an ownership structure." All residences are delivered fully furnished, down to Georg Jensen silverware in the kitchens, Frette sheets in the bedrooms, and Acqua di Parma personal care products in the baths. Such convenience is a boon to buyers who may only need the space for a few months a year, and indeed, Mr. Zaitzeff says that they have seen increased interest from investors and international buyers.
Amenities include a fitness center with Technogym equipment and yoga studio, a luxury spa with steam room and sauna, a private salon, and a rooftop pool with cabanas and bar. They also include Boulud Privé, the first private dining concept by Michelin-starred chef Daniel Boulud of which Mr. Zaitzeff says, "The food is phenomenal, and it's a private offering you don't really see elsewhere."
Residents can dine in the restaurant or arrange for in-home dining; additional services include housekeeping, turndown service, personal chefs and sommeliers, private butlers, and personal shopping from Saks Fifth Avenue in a partnership with the iconic department store. Additionally, residents have access to the spa at the Mandarin Oriental hotel in Columbus Circle.
Residents can dine in the restaurant or arrange for in-home dining; additional services include housekeeping, turndown service, personal chefs and sommeliers, private butlers, and personal shopping from Saks Fifth Avenue in a partnership with the iconic department store. Additionally, residents have access to the spa at the Mandarin Oriental hotel in Columbus Circle.
Mandarin Oriental Residences Fifth Avenue, #PHB
$15,000,000
Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 2,437 ft2
Mandarin Oriental Residences Fifth Avenue, #PHB (Serhant)
660 Lexington Avenue, Billionaires' Row/Midtown East
Developed by Rybak Development
Design by Zproekt Architecture
19 stories | 233 feet
31 one- to four-bed condos
6 available listings from $1.75M
Developed by Rybak Development
Design by Zproekt Architecture
19 stories | 233 feet
31 one- to four-bed condos
6 available listings from $1.75M
Exterior construction appears nearly complete on 660 Lexington Avenue, and occupancy is estimated for later this year. All interiors by Paris Forino feature oversized triple-pane windows, hand-laid chevron white oak floors, kitchens with custom oak cabinetry and integrated Miele appliances, and primary suites with generous closets and five-fixture baths. On the uppermost levels, a collection of three- and four-bedroom penthouses features direct elevator access and expansive private terraces.
Residents will arrive to an attended lobby. Wellness amenities include a fitness center and a private spa with sauna, steam room, cold plunge, experiential shower, and treatment room. The eleventh floor has an amenity loggia with fireplace, dining and lounging areas, and views of the Manhattan skyline.
660 Lexington Avenue, #7A (Douglas Elliman Real Estate)
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Parc Beaufort, Billionaires' Row/Midtown West
Developed by The Feil Organization
Design by MDeaS Architects (conversion)
14 stories | 150 feet
47 one- to three-bed condos
Anticipated asking prices: $1.35M - $4.95M
Developed by The Feil Organization
Design by MDeaS Architects (conversion)
14 stories | 150 feet
47 one- to three-bed condos
Anticipated asking prices: $1.35M - $4.95M
Rendering of Parc Beaufort (Feil Organization)
140 West 57th Street was built in 1907 at "The Beaufort," an artists' studio building that incorporated living and working space. Nearly 120 years later, after some time as an office building, it is being converted to the Parc Beaufort, a boutique condominium on what is now Billionaires' Row. The landmarked building's facade is being restored amidst the conversion, and the apartments will have interiors by Stephen Sills Associates and MdeAS Architects. Information is not yet available on residential amenities, but one certain perk is an address near Central Park, Carnegie Hall, the Theater District, fine dining, upscale retail including New York City's Nordstrom flagship, and myriad public transportation options.
Casoni, Midtown West
Developed by Sioni Group
Design by C3D Architecture
68 stories | 785 feet
27 studio to three-bed condos
Anticipated asking prices: $800K - $4M
Developed by Sioni Group
Design by C3D Architecture
68 stories | 785 feet
27 studio to three-bed condos
Anticipated asking prices: $800K - $4M
Rendering of Casoni (Sioni Group)
Next door to the historic Haier Building near Herald Square, the glass tower dubbed Casoni (taken from "casone," Italian for grand villa) features a blue glass podium and champagne-colored curtain wall, both of which have been constructed with bird-friendly glass. It will house ground-floor retail space with a total of 331 apartments, 27 of which will be condos on the uppermost levels to make the most of expansive skyline views.
Amenity terrace rendering
The design includes outdoor terraces on the 23rd, 58th, and 70th floors, not to mention private balconies in several units. Indoor amenities will include an attended lobby, a fitness center, a pool, a spa lounge, a children's playroom, a coworking lounge, and a speakeasy-inspired recreational area.
Sorin, Midtown West
Developed by ZD Jasper Realty
Design by Archimaera Architecture
12 stories | 120 feet
52 condos
Developed by ZD Jasper Realty
Design by Archimaera Architecture
12 stories | 120 feet
52 condos
Rendering of Sorin (ZD Jasper)
Renderings of Sorin, a new condominium taking shape just north of the glassy towers of Hudson Yards, depict a tower with an earth-toned facade, oversized windows, and upper-level setbacks that create outdoor terraces. There will be no more than four units per floor, and select apartments will have private outdoor space. Amenities will include bike storage, a lobby lounge, mail and package rooms, and a common rooftop terrace.
Barton Park, Hell's Kitchen/Midtown West
Developed by Dharshyni Peries
Design by Kimberly Brown Architecture
6 stories | 68 feet
6 two-bed condos
Developed by Dharshyni Peries
Design by Kimberly Brown Architecture
6 stories | 68 feet
6 two-bed condos
Rendering of Barton Park (Kimberly Brown Architecture)
Barton Park is located directly across the street from Clinton Community Garden and around the corner from Hell's Kitchen Park. The light-colored Indiana limestone facade was chosen to both nod to prewar aesthetics and reflect heat, and oversized French windows fill the apartments with natural light. All apartments are reached via direct elevator access, and interior renderings feature hardwood floors and high-end finishes.
1009 Second Avenue, Turtle Bay
Developed by LFL Partners LLC
Design by Issac & Stern Architects
19 stories | 210 feet
29 condos
Developed by LFL Partners LLC
Design by Issac & Stern Architects
19 stories | 210 feet
29 condos
Rendering of 1009 Second Avenue (Issac & Stern Architect)
The forthcoming condominium at 1009 Second Avenue is set apart by its metal-framed facade and large glass enclosures that promise abundant natural light for the apartments inside. Residential amenities are set to include a fitness center, a spa with hammam and cold sauna, and a landscaped rear courtyard.
Interior rendering (INPUT)
The apartments will start on top of a ground-floor restaurant and are set to enjoy abundant natural light. Renderings by INPUT depict apartments with open layouts and kitchens with dining peninsulas and integrated appliances.
430 West 37th Street, Midtown West
Developed by ZD Jasper Realty
Design by Archimaera Architecture
11 stories | 120 feet
128 condos
Developed by ZD Jasper Realty
Design by Archimaera Architecture
11 stories | 120 feet
128 condos
Rendering of 430 West 37th Street (Archimaera Architecture)
A short distance from VITA, its Passive House project on Ninth Avenue, work is underway on another ZD Jasper building at 430 West 37th Street. Renderings depict a gray metal paneled facade, oversized windows, and upper-level setbacks that create outdoor terraces. The apartments will start on top of retail and community facility space, and amenities are set to include mail and package rooms, coworking and recreation lounges, and a fitness center with outdoor pool. Several units will have private outdoor space.
401 East 51st Street, Beekman/Sutton Place
Developed by CBSK Developers
Design by Selldorf Architects
29 stories | 335 feet
83 condos
Developed by CBSK Developers
Design by Selldorf Architects
29 stories | 335 feet
83 condos
Rendering of 401 East 51st Street (Cimbra Partners and SK Development/ CBSK Developers)
Between its tall height and red facade, the new building rising at 401 East 51st Street will make a striking statement on the corner of East 51st Street and First Avenue. The terra cotta panels' repeating, faceted pattern captures light and shadow throughout the day, and gives the building a bit of depth and visual movement.
The 83 apartments will include duplexes and one triplex, and amenities will include a coworking lounge, a dining room with outdoor terrace, a fitness center, a golf simulator, a pet wash, private storage, bike storage, and on-site parking. It is located near the East River Esplanade, the United Nations Headquarters, and local fine dining.
401 East 51st Street, April 2026 (CityRealty)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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