JDS, PMG’s 111 West 57th Street lands top contract in Manhattan, almost sold out

JDS, PMG’s 111 West 57th Street lands top contract in Manhattan, almost sold out

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JDS Development and Property Markets Group’s 111 West 57th Street is almost across the sold-out finish line.

One of the last remaining units in the Billionaires’ Row tower, asking $18.3 million, found a buyer and crowned Manhattan’s luxury market last week, according to the Olshan Realty report. The apartment was the most expensive of the 20 properties asking $4 million or more to contract between January 5 and 11, compared to just 13 in the previous period.

Unit 36 ​​initially asked $21.3 million when the developers started marketing apartments based on floor plans about a decade ago. The apartment covers 4,500 square feet and has three bedrooms and three bathrooms. It also features 15-foot ceilings and views of Central Park.

The deal leaves just two of the building’s 60 units available, including the supertall’s crown jewel penthouse, a quadplex that hit the market in April for $110 million. The other apartment still on the market is penthouse #76, with an asking price of $49 million.

To date, deals have closed at an average of $4,500 per square foot, with some of the building’s most expensive sales including the $56 million deal for penthouse No. 72.

Sotheby’s International’s Nikki Field Team took over the sale of the building in July 2025. Also known as Steinway Tower, the property features amenities such as a swimming pool, fitness center and private dining room.

The second most expensive home to land a deal was a penthouse at 1049 Fifth Avenue, with an asking price of $11.6 million. The Upper East Side apartment hit the market in May asking just under $11.75 million. The seller bought it from the late radio host and political commentator Rush Limbaugh in 2010 for just under $12 million.

The 4,700-square-foot apartment occupies the entire 20th floor and has five bedrooms and five bathrooms. It also features four terraces and views of Central Park. The current deal includes a studio on the third floor.

Compass’ Steve Dawson, Dan Colson and the Hudson Advisory Team were featured.

Of the 20 properties buyers were able to find, 12 were condos, four co-ops, one condo and three townhomes.

The homes were asking a combined $147 million, for an average of $7.4 million and an average of $6.3 million. The typical home was for sale for more than 3 years and had a 10 percent discount.

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