Tom Schroder Purchases Penthouse 76 At 111 West 57th Street From Michael Stern For $41.75M

The property asset involved in the transaction is a condo located at 111 West 57 Street in Manhattan. The sale price was $41,750,076, encompassing 6,512 square feet, which translates to a price per square foot of $6,411.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $41,750,076
• Address: 111 West 57 Street, Manhattan
• Square Footage: 6,512
• Price Per Square Foot: $6,411
• Buyer: Tom Schroder
• Seller: Michael Stern - JDS Development Group
• Transaction Date: 05/31/2026

This transaction highlights the involvement of Tom Schroder as the buyer and Michael Stern from JDS Development Group as the seller. The deal closed on May 31, 2026, marking a significant transaction within the Manhattan real estate market.