SGNY Property LLC Acquires Condo At 111 West 57th Street For $21.3 Million
111 West 57th Street
$21,300,000
$5,071/SF
Building Size
4,200 SF
Asset Type
Condo
Closing
Dec 20, 2025
About this deal
AI
A condo located at 111 West 57th Street in the Central Park South market sold for $21,300,000. The property spans 4,200 square feet, resulting in a price per square foot of $5,071.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $21,300,000
- Square Footage: 4,200
- Price per Square Foot: $5,071
- Buyer: SGNY Property LLC
- Seller: Michael Stern - JDS Development Group & Kevin Maloney - PMG
- Broker: Nikki Field - Sotheby’s International Realty
This transaction marks the top recorded home sale in New York City, highlighting the involvement of JDS Development Group and Property Markets Group as the sellers, while SGNY Property LLC emerged as the buyer in this significant deal.
On the Map
$21,300,000
$5,071/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93