Michael Stern's 111 West 57th Street Penthouse Sold For $53M

An undisclosed buyer has acquired a penthouse at 111 West 57th Street, a supertall tower on Billionaires' Row, in Midtown Manhattan. The sale price for this Condo property was $53,000,000, with a total square footage of 6,974. The price per square foot was approximately $7,600. The transaction took place on 10/05/2023, and it is believed to have been an all-cash deal.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $53,000,000
• Address: 111 West 57th Street
• Market: Midtown Manhattan
• Square Footage: 6,974
• Price per Square Foot: $7,600

The seller of the penthouse at 111 West 57th Street was Michael Stern, the developer from JDS Development. The buyer's identity has not been disclosed. This acquisition adds to the prestige of Billionaires' Row and reinforces the allure of luxury properties in Midtown Manhattan.