An in-contract penthouse on Manhattan\u2019s Billionaires\u2019 Row will sell for roughly $42 million \u2014 a price that cements it as the priciest residential deal so far this year along the thoroughfare, according to a press release.\u00a0<\/p>\n
The four-bedroom duplex at the super-tall 111 W. 57th St. spans about 6,500 square feet. Floor-to-ceiling windows frame unobstructed Central Park views.\u00a0<\/p>\n
The unit carried an ask of $54.6 million when it hit the market in 2023. It was last listed for $45 million. The buyer, a European billionaire with a family in tow, plans to make it his primary residence. He is bringing his own design team to put a personal stamp on the finished space.\u00a0<\/p>\n
A penthouse at 111 W. 57th St. \u2014 one of Manhattan\u2019s Billionaires\u2019 Row towers \u2014 is in contract for about $42 million, putting it on track to rank among the city\u2019s priciest deals this year. \u00a9 Travis Mark http:\/\/www.travismark.com<\/a><\/p>\n The 6,500-square-foot duplex, originally listed for $54.6 million in 2023, was most recently priced at $45 million. \u00a9 Travis Mark http:\/\/www.travismark.com<\/a><\/p>\n But as it stands, it\u2019s not too shabby.<\/p>\n A private interior elevator connects the two floors. Terraces add another 300 square feet of open air above the city.<\/p>\n Listing broker Nikki Field of Sotheby\u2019s International Realty declined to name the buyer.<\/p>\n The sellers are the development trio behind the tower: JDS Development Group, Property Markets Group and Apollo Commercial Real Estate Finance. They completed the building in 2022, wrapping it around the landmarked 1925 Steinway Hall. The project is now 98% sold.<\/p>\n Field said European buyers are increasingly active at this price point, drawn by the relative strength of the euro and the pound against the dollar.\u00a0<\/p>\n The formal dining room space. \u00a9 Travis Mark http:\/\/www.travismark.com<\/a><\/p>\n The buyer, described as a European billionaire planning to use the home as a primary residence, reflects a broader uptick in wealthy European purchasers taking advantage of favorable currency exchange rates. \u00a9 Travis Mark http:\/\/www.travismark.com<\/a><\/p>\n The home features four bedrooms and boasts floor-to-ceiling Central Park views, a private elevator and terrace space. \u00a9 Travis Mark http:\/\/www.travismark.com<\/a><\/p>\n JDS founder Michael Stern called the deal proof that exceptional scale, craftsmanship and views still draw global money even as the broader luxury market grows more discerning.<\/p>\n The city\u2019s top residential sale this year belongs to a $57 million Tribeca penthouse. Last year, billionaire Christian Candy paid $46.9 million<\/a> for another unit in the same tower.<\/p>\n Meanwhile, a two-level Upper East Side penthouse \u2014 still under construction \u2014 at 1122 Madison Ave.<\/a> could set the priciest on record this year. It is currently in contract, last asking $89.5 million.\u00a0<\/p>\n