SOLDCondo
Michael Stern Of JDS Development Group Sells Penthouse At 111 West 57th Street For $41.75M
111 West 57th Street
$41,750,076
$6,411/SF
Building Size
6,512 SF
Asset Type
Condo
Closing
May 31, 2026
About this deal
AI
A condo located at 111 West 57th Street in Manhattan was sold. The asset encompassed 6,512 square feet and was transacted for $41,750,076, resulting in a price per square foot of $6,411.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $41,750,076
- Square Footage: 6,512
- Price Per Square Foot: $6,411
- Seller: Michael Stern - JDS Development Group
- Date of Sale: May 31, 2026
The deal involved developer Michael Stern representing JDS Development Group, marking a significant transaction in the New York City real estate market.
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Stern to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93