The Sheffield — October 2026
Issue No. 11
October · 2026
Residential Market Intelligence

The
Sheffield

322 West 57th Street · Midtown West
October 2026As of Oct 31

Seven leases signed. Twenty-one sales waiting.

In this issue The month in three numbers · What moved · On the market, by type · Building sales & rentals · Midtown West sales & rentals
Prepared for owners at The Sheffield Scroll
The month in three numbersOctober 2026

Seven leased.
Twenty-one waiting.

Units for sale · The Sheffield · on Oct 31
21
Median ask $1,400,000
Units for rent · The Sheffield · on Oct 31
5
Median ask $7,500 a month
Months of supply · Midtown West · sales
17.7months
390 for sale · 48 in contract
The month in one paragraph

The Sheffield's rental side did the work in October: seven leases signed, six of them two-bedrooms, from $8,250 to $13,500 — and the two priced in the low $8,000s went in ten and eleven days. The sales board did not move: twenty-one units are listed, from a $850,000 studio to a $4,680,000 three-bedroom, fifteen of them after a price cut, and none closed; one has been in contract for more than two months. Across Midtown West twenty-two sales closed at a median of $1,075,000 and $1,246 a foot, and a hundred thirty-three leases signed in thirty days — the most expensive of them at The Sheffield.

This month at The SheffieldOctober 2026

What moved

Sold
0
No closings this month.
Leased
7
Studios · two-bedrooms
$4,800 – $13,500
New to market
2
Two-bedrooms
asking $1,895,000
In contract
1
1 sale · asking $1,499,000

Sold and leased are deals that closed in October. A listing in contract shows its last asking price; the contract price is not public until the deal records.

What's on the marketAs of Oct 31

By unit type, for sale and for rent

What each type is asking in the building today — active listings, not closed prices. Read the line that is yours.

Studio

For sale · 7
$850K – $960K
6 of 7 cut
For rent · 2
$4,400 – $4,600
Per month · none cut

One Bedroom

For sale · 6
$1.15M – $1.85M
4 of 6 cut · 1 more in contract
For rent · 1
$6,800
Per month · no cut

Two Bedroom

For sale · 5
$1.78M – $3.195M
3 of 5 cut
For rent · 2
$8,200 – $12,000
Per month · 1 of 2 cut

Three Bedroom

For sale · 3
$3.35M – $4.68M
2 of 3 cut
For rent
No three-bedroom for rent.

Four Bedroom

For sale
No four-bedroom for sale.
For rent
No four-bedroom for rent.

Asking prices and rents of the listings active at The Sheffield on October 31, 2026, by unit type. Each figure is one of the listings in the tables below.

322 W 57th St · SalesAs of Oct 31

Twenty-one listed,
none closed

Units for sale · active listings
21
2
New to market
1
In contract
153
Avg days on market
$1.40M
Median asking price
15 of 21
Price reductions

No sale closed at The Sheffield in October and one unit is in contract — #33C, a 760-square-foot one-bedroom asking $1,499,000, in contract for more than two months. Twenty-one units are listed, two of them new this month: #38F and #43K, two-bedrooms of 1,168 and 1,196 square feet, both asking $1,895,000.

The seven studios ask $850,000 to $960,000; six have cut, and they have been up between a hundred seventy-eight and four hundred forty-six days. The six one-bedrooms run from $1,150,000 (#17H, 757 square feet, fifty-two days) to $1,850,000 (#46P, 1,179 square feet); the five two-bedrooms from $1,780,000 (#42K) to $3,195,000 (#33H, 1,647 square feet, cut $300,000); the three three-bedrooms from $3,350,000 (#50S) to $4,680,000 (#45H, $2,841 a foot). The median ask is $1,400,000, the average listing has been up a hundred fifty-three days, and fifteen of the twenty-one have cut at least once.

Bottom line

Fifteen cuts and no closing says the board is still finding its level. The studios are the test: seven of them between $850,000 and $960,000, most a year or more in, while the neighborhood's closings under 700 square feet came in between $605,000 and $890,000 this month. A seller here who wants out in the next quarter is pricing against the building's own competition first.

For sale now

21 active · 1 in contract
AptTypePriceReduction
33CIn contract1 Bed760 SF$1,499,000$1,972/SF
49QStudio608 SF$850,000$1,398/SF−$85,000−9.1%
29DStudio583 SF$865,000$1,483/SF−$60,000−6.5%
30PStudio569 SF$899,000$1,579/SF−$96,000−9.6%
23EStudio600 SF$899,000$1,498/SF−$51,000−5.4%
38QStudio608 SF$927,500$1,525/SF−$27,500−2.9%
24EStudio600 SF$950,000$1,583/SF
39UStudio585 SF$960,000$1,641/SF−$135,000−12.3%
17H1 Bed757 SF$1,150,000$1,519/SF−$50,000−4.2%
32Q1 Bed875 SF$1,350,000$1,542/SF−$100,000−6.9%
All 21 listings12 more
27M1 Bed800 SF$1,395,000$1,743/SF
27C1 Bed760 SF$1,400,000$1,842/SF
42K2 Bed1,196 SF$1,780,000$1,488/SF−$119,000−6.3%
50H1 Bed757 SF$1,830,000$2,417/SF−$105,000−5.4%
46P1 Bed1,179 SF$1,850,000$1,569/SF−$150,000−7.5%
38FNew2 Bed1,168 SF$1,895,000$1,622/SF
43KNew2 Bed1,196 SF$1,895,000$1,584/SF
22S2 Bed1,014 SF$1,995,000$1,967/SF−$55,000−2.7%
33H2 Bed1,647 SF$3,195,000$1,939/SF−$300,000−8.6%
50S3 Bed1,599 SF$3,350,000$2,095/SF
44K3 Bed1,963 SF$3,995,000$2,035/SF−$200,000−4.8%
45H3 Bed1,647 SF$4,680,000$2,841/SF−$100,000−2.1%
322 W 57th St · RentalsAs of Oct 31

Seven leases,
two in ten days

Units for rent · active listings
5
1 of 5 has cut its rent
0
In contract
7
Leases signed
in October
10
Avg days on market
$7,500
Median asking rent
$8,750
Median signed rent
$4,800 to $13,500

Seven leases signed at The Sheffield in October. Six were two-bedrooms: #50S, 1,599 square feet, at $13,500 after ninety-nine days; #38D, 1,350 square feet, at $12,000 after forty-nine; #50D, 1,400 square feet, at $11,500 after fifty-six; #21B, 1,342 square feet, at $8,750 after forty-six; and the two 1,014-square-foot S-line units, #32S at $8,300 in ten days and #26S at $8,250 in eleven. The studio #35V signed at $4,800 after seventy-eight days.

Five units are for rent and none is in contract: two studios at $4,400 and $4,600, a one-bedroom at $6,800, and two two-bedrooms — #22S at $8,200, up four days, and #49K at $12,000 after a cut from $13,000. Three of the five are also listed for sale.

Bottom line

The line is at $8,300: a two-bedroom priced there goes in ten days; priced above $11,000 it takes seven to fourteen weeks and still signs. Owners with a two-bedroom to rent have seven fresh comps this month — list to the quick side of them.

For rent now

5 active
AptTypeRentReduction
49QStudio608 SF$4,400
27FStudio572 SF$4,600
32Q1 Bed875 SF$6,800
22S2 Bed1,014 SF$8,200
49K2 Bed1,196 SF$12,000−$1,000−7.7%
Leased this monthOct 2026 · 7
AptTypeLast askingDOMLeased
26S2 Bed$8,25011Oct 28
38D2 Bed$12,00049Oct 27
50D2 Bed$11,50056Oct 21
50S2 Bed$13,50099Oct 13
32S2 Bed$8,30010Oct 13
35VStudio$4,80078Oct 9
21B2 Bed$8,75046Oct 1
Midtown West · Sales

Twenty-two closings,
eighteen months of supply

30 days to Oct 31 · 22 closings
Median sale price · Midtown West
$1.07M
22
Closed sales
$1,246
Avg price per SF
120
Avg days on market
17.7 months
Months of supply
3.4%
Listing discount
Range and inventory
Closing prices, low to high$350K – $2.075M
Active listings on Oct 31390
In contract48

Twenty-two homes closed in Midtown West over the past month, at a median of $1,075,000 and $1,246 per square foot, from a $350,000 studio at the entry to $2,075,000 at the top. Sellers who closed gave up 3.4% off their final ask.

Inventory is the story: 390 homes actively listed against 48 in contract — about eighteen months of supply at October's closing pace. The sales that closed waited an average of a hundred twenty days.

Bottom line

Midtown West clears within three and a half points of ask, but eighteen months of supply sits behind every listing and the typical closing took four months. In this neighborhood the price that moves is the one set against the inventory, not against last year's sale.

Midtown West · Rentals

A hundred thirty-three leases,
the top one at The Sheffield

30 days to Oct 31 · 133 leases
Median rent · Midtown West
$4,500/mo
133
Units rented
$4,995
Average rent
35
Avg days on market
3.85 months
Months of supply
55
In contract
Range and inventory
Rents, low to high$1,400 – $11,500
Active listings on Oct 31512

One hundred thirty-three units rented in Midtown West in thirty days, with fifty-five more in contract. The median lease signed at $4,500, the average at $4,995, and the most expensive lease in the neighborhood this month was #50D at The Sheffield, at $11,500.

Days on market averaged thirty-five. Against 512 active listings the closing pace works out to just under four months of supply — a renter's market by count, but one that is still absorbing a hundred-plus leases a month.

Bottom line

The neighborhood signs at $4,500; The Sheffield's two-bedrooms signed at $8,250 to $13,500 and its studio at $4,800. The building is priced at roughly twice the neighborhood median and still leased seven units in a month — the premium is holding; the time to lease is the variable.

From jaimeaguilerany.com

Beyond
the numbers

Selected sales and leases from across Manhattan, and the approach behind them.