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

Summary

Sale

NEW YORK

Condo

6,974 sqft

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.

Details

Deal Summary

SOLD

IMAGE: Michael Stern DATE: 10/05/2023 ADDRESS: 111 West 57th Street MARKET: Midtown Manhattan ASSET TYPE: Condo SELLER: Michael Stern - JDS Development (@JDSDevelopmentGroup) SALE PRICE: $53,000,000 SF: 6,974 ~ PPSF: $7,600 NOTE: An undisclosed buyer has acquired a penthouse at 111 West 57th Street, a supertall tower on Billionaires' Row, for $53 million in an apparent all-cash transaction, at a rate of roughly $7,600 per square foot.

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Address111 West 57th Street

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