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Malabar Residences

Name: Malabar Residences
Address: New York City

Malabar Residences is a 28-story luxury condominium tower at 126 East 57th Street in Midtown East, Manhattan, moments from Billionaires' Row.

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07.22

Start

~2026

Completion

145

Units

Floors

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Details

126 East 57th Street, Manhattan. 28 floors and 145 residences. Open since Summer 2026. Financed with $200M from BHI in June 2026.

The story so far

Announced 2022 est.

Broke ground Jul 2022

Topped out Oct 28, 2024Topped out Oct 28, 2024 (28 stories/388 ft); completion expected early summer 2026; addr 126 E 57th St

newyorkyimby.com

Sales launched Sep 2025Condo sales launched Sept 2025 via Douglas Elliman; studios from $1.43M up to $12.5M penthouse

6sqft.com

Financing secured Jun 2026MRR Development secured $200M loan from BHI to finish tower; project nearing TCO per The Real Deal

therealdeal.com

TCO received Jun 22, 2026Temporary certificate of occupancy issued for the 28-story, 145-residence Midtown East tower

nyc.marketproof.com

Opened Sep 23, 2026 est.

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TMW IntelligenceVerified Sep 23, 2026

AnnouncedBreaking GroundConstructionOpening SoonNow Open

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About the project

Malabar Residences is a 28-story luxury condominium tower at 126 East 57th Street in Midtown East, Manhattan, moments from Billionaires' Row. Developed by MRR Development, a venture of Anand Mahindra and Rotem Rosen, and designed by ODA Architecture, the 388-foot building rises in cascading cast-in-place concrete tiers that give it a distinctive playfully pixelated silhouette. Its 145 residences range from studios to three-bedroom penthouses, wrapped in private terraces and floor-to-ceiling glass above ground-floor retail. Sales and marketing are led by Douglas Elliman Development Marketing, positioning Malabar as one of Midtown Manhattan's most design-forward new luxury condominiums.