Living at Carnegie House Is Now 450 Percent More Expensive
By: Kim Velsey | Published: 2025-07-23 19:43:00 | Source: www.curbed.com
Carnegie House, a mid-tier white-brick building from the 1960s, has a ground lease on West 57th Street, now one of the priciest strips in the city.
Photo: Highline Residential
In the decade since real-estate investors bought the land beneath their building, residents of Carnegie House, a white-brick co-op on West 57th Street, have been bracing for the fallout. Now, it has finally arrived, and it’s bad: a 450 percent increase on their land lease, from $4.36 million annually to $24 million, The Wall Street Journal reports. Maintenance fees will more than double. Equity will vanish. “Basically death,” as the president of…
