Each year, the world's newest skyscrapers are pitted against each other for the Emporis Skyscraper Award.

Chosen for its aesthetic and functional design by the team of editors from the construction project database, the winner of this year's renowned prize was none other than 8 Spruce Street in New York City.

Also known as New York by Gehry and The Beekman, 8 Spruce Street was designed by Frank Gehry and completed in 2011.

It is the first skyscraper by the renowned architect, and won over the Emporis jury with its undulating stainless steel exterior.

"8 Spruce Street stands out even in Manhattan's already remarkable skyline," the Emporis jury said of its choice, culled from 220 skyscrapers completed in 2011. "It is a major new architectural landmark for New York."

It is not the only of Manhattan's famous buildings to win the award — the Hearst Tower won in 2006 as well as the Sofitel New York Hotel back in 2000.