Deals & development · 11/03/2026
Developer adds another parcel to Billionaires Row supertall site
Sedesco bought the historic brownstone at 35 W. 57th St. for $42 million, Crain's New York reported on 11/03/2026. The purchase adds another parcel to the developer's planned supertall site on Billionaires Row. The report does not give further details on the project.
Reported by Crain's New YorkRead the original ↗
What happened
Developer Sedesco has bought the historic brownstone at 35 W. 57th St. in Manhattan for $42 million, Crain's New York reported on 11/03/2026.
Crain's describes the purchase as another parcel added to a supertall development site on Billionaires Row, the stretch of 57th Street known for very tall luxury towers. The report does not give plans, height, unit counts or a timeline for the project.
The story was written by Julian Nazar, who covers commercial real estate for Crain's.
Key facts
- Address
- 35 W. 57th St., Manhattan
- Property
- Historic brownstone
- Buyer
- Sedesco
- Price
- $42 million
- Site
- Supertall development site on Billionaires Row
- Reported by
- Crain's New York, 11/03/2026
What it means
Buyers and owners
A $42 million price for one brownstone shows how much developers will pay to assemble lots for large Manhattan towers. This is a high-end Midtown deal and says little directly about values for small buildings in other neighborhoods.
Landlords
There is no direct effect on small landlords' rules or obligations. The report names no new HPD, DOB or other agency action tied to this sale.
Tenants and voucher holders
The report does not mention any residential tenants, rent-regulated units or affordable housing at this address. It does not say whether the building has occupants.
The highlights
- The buyer is the developer Sedesco.
- The parcel is the historic brownstone at 35 W. 57th St.
- The purchase price was $42 million.
Why it matters Landlords
Large land assemblies on 57th Street show where high-end Manhattan development money is going.
Not known yet
- What Sedesco plans to build and how tall the tower will be
- Whether the brownstone has a landmark designation or will be kept or demolished
- Whether anyone lives in the building now and what happens to them
- When construction could start
Background
Developers in New York City often build large towers by assembling several neighboring lots, sometimes buying unused development rights (air rights) from nearby owners as well. Combining lots can allow a bigger building under zoning rules. New construction and demolition need permits from the Department of Buildings, and properties that are officially landmarked need approval from the Landmarks Preservation Commission before they are changed.
Buildings in this story
- 35 W. 57th St · building facts and open city records
Summary written by Bulwark from Crain's New York’s reporting. The original story is at crainsnewyork.com. This is general information, not legal advice.
Related
Follow Bulwark on WhatsApp
Deadline countdowns, rule changes, voucher rents and breaking NYC housing news in your WhatsApp Updates. Free.
Send the message that opens, then save our number. WhatsApp only shows updates from saved contacts.
Brooklyn, NY
Want a manager who tracks this for you?
Rent, repairs, filings and deadlines handled, with one clear statement a month.
Photo: Andre Carrotflower, CC BY-SA 4.0