7 West 57th Street Condominium (7w57)
7 West 57th Street, Manhattan, NY 10019
Overview
7w57 is a 15-unit condo in Manhattan, with 1 commercial unit.
- Offering plan: Accepted February 2022 · 459 pages · floor plans on page 46
- Finishes: 8'6" ceilings, engineered wood floors, stone kitchen countertops, Bulthaup cabinets, Gaggenau appliances, a washer and dryer in each apartment, Waterworks bathroom fittings and fan coil units for heating and cooling
- Prices: $2,920 a square foot on average, as first offered; $75.1 million in all
- Developers: Solow Realty & Development Company, LLC and The Soloviev Group; principals Stefan Soloviev
- Sponsor: 7 West 57th Street Realty Company, LLC**, represented by Kramer Levin Naftalis & Frankel, LLP
- Neighborhood: Midtown Center, Manhattan
- Subway: 3-minute walk to 57 St (M); 4 minutes to 5 Av/59 St (N, R, W)
- Amendments: 2, the latest in September 2023
- Units
- 15 residential · 1 commercial
- Neighborhood
- Midtown Center, Manhattan
- Subway
- 3 min walk to 57 St M5 Av/59 St N R W, 4 min
- Developers
- Solow Realty & Development Company, LLC, The Soloviev Group
- Principals
- Stefan Soloviev
- Average $/sf
- $2,920Homes in Schedule A, as first offered
- Offering price
- $75.1 million total
- Floor plans
- Page 46 of the plan
- SubmittedJuly 2022
- AcceptedFebruary 2022
- 2 amendments
Units & Prices
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Sep 6, 2022
Amendment updates title company reporting requirements under FinCEN order and adds sponsor common charge subsidization program.
- Title companies must collect and report beneficial owner information for certain Manhattan residential transactions until October 26, 2022 (subject to extension)
- Sponsor subsidizes common charges for 5 years for purchasers who sign within 4 months, with amounts specified in Exhibit A
- Sponsor subsidization does not apply to bulk purchases of 2 or more units
- Purchaser responsible for full common charge payments to board and any increases after first year
Team
- Sponsor
- 7 West 57th Street Realty Company, LLC**
- Developers
- Solow Realty & Development Company, LLC, The Soloviev Group
- Principals
- Stefan Soloviev
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- General contractor
- Second Ave Solow DevHeld the general construction permit on DOB job 121191441
- MEP engineer
- Cosentini AssociatesMechanical, electrical and plumbing · Named on p. 198
- Property report
- HW Architects, LLPPrepared the plan's description of the property and its condition · Named on p. 272
- Interior designer
- Tsao & McKownReported by wallpaper.com
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- C5-3
- Special district
- Special Midtown District (MiD)Fifth Avenue Subdistrict
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Aman New York Residencesnext door · 26 units · 2017
- One Central Park South Tower Aol Time Warner *next door · 133 units · 2001
- Plaza Condominiumnext door · 181 units · 2005
- Plaza Hotel - Condominiumsnext door · 181 units · 2006
- 58 West 58th Condominium0.1 mi · 1982
- Trump Parc East Condo0.2 mi · 81 units · 1997
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