{"id":203688,"date":"2026-04-20T19:22:44","date_gmt":"2026-04-20T19:22:44","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/203688\/"},"modified":"2026-04-20T19:22:44","modified_gmt":"2026-04-20T19:22:44","slug":"jds-property-markets-111-w-57th-penthouse-snags-inked-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/203688\/","title":{"rendered":"JDS, Property Markets\u2019 111 W 57th Penthouse Snags Inked Deal"},"content":{"rendered":"

JDS Development and Property Markets Group found a buyer for the second-to-last remaining condo<\/a> at its Billionaires\u2019 Row skyscraper.<\/p>\n

Last week, a buyer signed a contract for a penthouse at 111 West 57th Street, asking $45 million, bringing the supertall closer to sellout after nearly a decade of sales. The inked deal topped Olshan Realty\u2019s weekly report on deals for Manhattan properties asking $4 million or more.\u00a0<\/p>\n

Unit PH76 was one of 39 homes asking $4 million or more in the borough to land inked deals between April 13 and April 19. The total was on par with the previous period<\/a>, when 38 luxury properties found buyers, though the number of trophy properties \u2014 defined as homes asking $10 million or more \u2014 last week hit 10, which is the highest total in at least a decade.<\/p>\n

The duplex initially asked roughly $55 million when the developers first started marketing units off of floor plans in 2016. It spans more than 6,500 square feet and has four bedrooms and four bathrooms. It also features 14-foot ceilings, a terrace and views of Central Park.\u00a0<\/p>\n

The supertall is still looking for a buyer for its quadplex, which is now asking $98 million after hitting the market for $110 million<\/a> a year ago. The penthouse, as marketed, is a combination of two duplexes.\u00a0<\/p>\n

The Nikki Field Team with Sotheby\u2019s International is heading sales at the 60-unit building, where apartments have closed for an average of $4,300 per square foot. Its amenities include a fitness center, pool, terrace and private dining room.\u00a0<\/p>\n

The second most expensive home to nab a signed contract was a condo at Extell Development\u2019s 50 West 66th Street<\/a>, with an asking price of $35.5 million.\u00a0<\/p>\n

Unit 56N spans 4,900 square feet and has four bedrooms and five bathrooms. It also features two loggias, ceiling heights over 14 feet and views of Central Park.\u00a0<\/p>\n

The condo is one of four at the Lincoln Square tower<\/a> to steal the No. 1 or No. 2 spot in Olshan\u2019s weekly report, including in the previous period, when Unit 40N found a buyer with an asking price of $23.5 million.\u00a0<\/p>\n

Of the building\u2019s 121 condos, 90 have closed so far for an average of $3,300 per square foot. The building\u2019s amenities include indoor and outdoor pools, pickleball courts and a screening room.\u00a0<\/p>\n

Sales at the tower are led by Douglas Elliman\u2019s Janice Chang, Corcoran\u2019s Hilary Landis and Beth Benalloul, as well as an in-house team with Extell Development Marketing.<\/p>\n

Of the 39 properties, 28 were condos, four were co-ops and seven were townhouses.\u00a0<\/p>\n

The homes asked a combined $371 million, which works out to an average of $9.5 million and a median of $7.7 million. The typical home was on the market for two years and had a discount of 9 percent.<\/p>\n

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Upper West Side condos dominate Manhattan luxury contracts<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Sotheby's\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

JDS, PMG\u2019s 111 West 57th Street snags top Manhattan contract, nears sellout<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Douglas\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Top new dev broker buys 50 W 66th St condo for $18M<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"JDS Development and Property Markets Group found a buyer for the second-to-last remaining condo at its Billionaires\u2019 Row…\n","protected":false},"author":2,"featured_media":203689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,847,9,24,63],"class_list":["post-203688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-manhattans-luxury-market","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/203688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=203688"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/203688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/203689"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=203688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=203688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=203688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}