# NEW YORK | 41 West 57th Street | 1,100 FT | 63 FLOORS **URL:** \ **Category:** Under Construction\ **Created:** [September 25, 2018, 11:42pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578 "2018-09-25T23:42:53Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![chris08876](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/chris08876/32/1617_2.png) [@chris08876](https://forum.newyorkyimby.com/u/chris08876)\ **Post date:** [September 25, 2018, 11:42pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/1 "2018-09-25T23:42:53Z")
Turkish developer Sedesco adds to Billionaires’ Row assemblage with $80M buy ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/8/c/8c7686914300b883007b5a7ecfa1dc87eb995c09.jpeg) > Turkish developer Sedesco is putting together a Billionaires’ Row assemblage with the purchase of a development site for $80 million. > > Sedesco closed last week on its purchase of the property at 41 West 57th Street from Florida-based seller Asuman Polat, property records filed with the city Tuesday show. > > The purchase gives Midtown-based Sedesco about 100,000 square feet of buildable area on the block between Fifth and Sixth avenues. The company in 2012 paid $71.5 million to buy an adjacent property at 50 West 58th Street. > > Neither Sedesco nor Polat could be immediately reached for comment. > > The purchase now gives Sedesco full control of the property at 41 West 57th Street, which is a point of contention between Polat and billionaire real estate investor Kamran Hakim. > > Polat triple net leased the property to Hakim in 1998 for a term of 40 years, expiring in 2028. In October of last year, Hakim transferred the lease to Sedesco for $27.9 million, property records show. > > But in March, Polat filed a lawsuit in Manhattan State Supreme Court claiming Hakim defaulted on the lease in July 2016 by failing to pay more than $60,000 he owed to the landlord. > > The case is still ongoing. > > Renderings for an ornate, 102-story residential tower at the site appeared online in 2015, though they appear to be merely conceptual. ====================== [TRD](https://therealdeal.com/2018/09/25/turkish-developer-sedesco-adds-to-billionaires-row-assemblage-with-80m-buy/) ---
**Author:** ![Oppix56](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/oppix56/32/26099_2.png) [@Oppix56](https://forum.newyorkyimby.com/u/Oppix56)\ **Post date:** [September 26, 2018, 12:19pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/2 "2018-09-26T12:19:19Z")
Picture of 50 West 58th ![IMG_20180921_105436371](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/8/4/8475702a96543e428e1c8f58d5048d2c8b107fea.jpeg) ---
**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\ **Post date:** [September 26, 2018, 1:28pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/3 "2018-09-26T13:28:19Z")
Good news. Hopefully another supertall. It would be great if Sedesco could acquire that ugly next-door apartment building. ---
**Author:** ![Oppix56](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/oppix56/32/26099_2.png) [@Oppix56](https://forum.newyorkyimby.com/u/Oppix56)\ **Post date:** [December 14, 2018, 9:22pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/4 "2018-12-14T21:22:19Z")
![IMG_20181214_113010770](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/1/b/1b4b7b16343ac2d453d609d5dc7d4197997a8b66.jpeg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 14, 2018, 10:48pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/5 "2018-12-14T22:48:15Z")
It would be nice if something very tall and striking rises here, as opposed to a “So Low” black box. ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [February 13, 2019, 10:00pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/6 "2019-02-13T22:00:14Z")
![image](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/f/2/f2f13135d2fcb08b81b2500f4c5c8572f7166e08.jpeg) ---
**Author:** ![TK2000](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/tk2000/32/114212_2.png) [@TK2000](https://forum.newyorkyimby.com/u/TK2000)\ **Post date:** [February 14, 2019, 12:20am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/7 "2019-02-14T00:20:22Z")
So these are the properties for this tower? ![55](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/c/f/cf4dc9de3aae7b34bcd40c1bb9abbedfd74456d7.jpeg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [February 14, 2019, 12:40am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/8 "2019-02-14T00:40:32Z")
No. 41 and 43 W 57th do not include the building with the green copper roof. The parcels form a nearly perfect rectangle running from 57th to 58th. ---
**Author:** ![TK2000](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/tk2000/32/114212_2.png) [@TK2000](https://forum.newyorkyimby.com/u/TK2000)\ **Post date:** [February 14, 2019, 1:20am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/9 "2019-02-14T01:20:56Z")
![01](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/4/3/43a8182aa8619a4fe5f270a5a30d48fa54a5a0ce.jpeg) So this? I’m assuming they aquired that whole building at 50 West 58 ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [February 14, 2019, 1:27am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/10 "2019-02-14T01:27:25Z")
No. On 57th, the developer owns 41 and 43. 43 is the one on the map with the blue dot that says Crustiani. This is what they look like at street level. ![image](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/9/b9f5e57ee7ffd1e7c0bd843a273837903d0af7c0.jpeg) And the blue area depicts the site from the air… ![image](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/6/1/61fce28773a440af01ff4f1e5c6e3b35772306f4.jpeg) ---
**Author:** ![YIMHudson](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/yimhudson/32/2304_2.png) [@YIMHudson](https://forum.newyorkyimby.com/u/YIMHudson)\ **Post date:** [February 15, 2019, 8:56pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/11 "2019-02-15T20:56:10Z")
they cant do much with only 100k sf, can they? especially with the pols fixated on ‘void areas’ [https://www.crainsnewyork.com/real-estate/demolition-permits-filed-yet-another-billionaires-row-project](https://www.crainsnewyork.com/real-estate/demolition-permits-filed-yet-another-billionaires-row-project) > Sedesco, a subsidiary of an Istanbul-based firm, filed demolition permits for a pair of buildings along West 57th Street last week, according to city documents. Along with an adjacent building to the north, the company appears to be prepping the through-block site for a new project. > > The Turkish developer has spent about $223 million buying out a ground lease and purchasing the three properties for the assemblage. Together the sites could generate a 100,000-square-foot project, according to a Real Deal report. The Department of Buildings said it is still reviewing the pair of demolition permits for 41 and 43 W. 57th St. It already granted permission to tear down the adjacent building, at 50 W. 58th St. ---
**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\ **Post date:** [February 17, 2019, 2:07am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/12 "2019-02-17T02:07:29Z")
They have a lot more than 100k sf. Article talks about a simple site FAR calculation, which is essentially irrelevant. ---
**Author:** ![JC\_Heights](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/jc_heights/32/90668_2.png) [@JC\_Heights](https://forum.newyorkyimby.com/u/JC_Heights)\ **Post date:** [April 12, 2019, 2:12am UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/13 "2019-04-12T02:12:06Z")
Demo is complete on 50 west 58th ![IMG_20190411_164615](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/1/e/1e82fbb4291d4b3814fbbfbaf61dea3897dc8b84.jpeg) ---
**Author:** ![DeSelby](https://avatars.discourse-cdn.com/v4/letter/d/df705f/32.png) [@DeSelby](https://forum.newyorkyimby.com/u/DeSelby)\ **Post date:** [April 18, 2019, 11:59pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/14 "2019-04-18T23:59:35Z")
Care to elaborate? How much FAR do they really have? Is it enough to build a supertall? ---
**Author:** ![BARRIE](https://avatars.discourse-cdn.com/v4/letter/b/838e76/32.png) [@BARRIE](https://forum.newyorkyimby.com/u/BARRIE)\ **Post date:** [November 30, 2019, 6:02pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/15 "2019-11-30T18:02:45Z")
Is this building still happening?? ---
**Author:** ![Oppix56](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/oppix56/32/26099_2.png) [@Oppix56](https://forum.newyorkyimby.com/u/Oppix56)\ **Post date:** [December 14, 2019, 3:50pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/16 "2019-12-14T15:50:48Z")
57th street side being demo’d ![IMG_20191213_130202091](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/1/7/17de15505bbb4ae112c6a21e27994d41df8e5f37.jpeg) ![IMG_20191213_130244497](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/c/f/cfb6245ec557cf9befc98047e3b09913f99f4212.jpeg) ---
**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\ **Post date:** [December 14, 2019, 4:08pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/17 "2019-12-14T16:08:46Z")
I wouldn’t be surprised if this assemblage is being incorporated with the adjacent Vornado assemblage. Makes too much sense. There’s only one small building separating the two. Or maybe there will be two superslim towers going up, kinda like CPT and 220 (but even closer and slimmer). ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 14, 2019, 5:14pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/18 "2019-12-14T17:14:02Z")
Considering Virnado’s great success with 220 CPS, I’d love to see a 1,300’ Stern here. ---
**Author:** ![mtoltethys](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mtoltethys/32/30087_2.png) [@mtoltethys](https://forum.newyorkyimby.com/u/mtoltethys)\ **Post date:** [December 14, 2019, 5:44pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/19 "2019-12-14T17:44:15Z")
I think we are going to be seeing a lot of stern in the future, considering how well 220 cps and 520 park are selling ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 14, 2019, 6:53pm UTC](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578/20 "2019-12-14T18:53:11Z")
He’s a sure-fire winner. [Next page](https://forum.newyorkyimby.com/t/new-york-41-west-57th-street-1-100-ft-63-floors/4578.md?page=2)