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JDS’ 111 West 57th Street penthouse sells for $53M

JDS Development has locked down another deal at 111 West 57th Street. 

An unknown buyer paid $53 million, or roughly $7,600 per square foot, for a penthouse at the Billionaires’ Row supertall in what appears to be an all-cash deal, property records show.

The condo, which traded for $7 million less than the asking price specified in the building’s offering plan, is the latest discounted deal to close at the tower. A 78th-floor penthouse closed in March for $47.2 million, down from its $53.8 million offering plan price.  Unit PT61 spans 7,000 square feet and has three bedrooms and four bathrooms, according to an LX Collection listing.

  • picture of JDS Development’s Michael Stern; 111 West 57th Street (JDS Development, Percival Kestreltail/CC BY-SA 4.0/via Wikimedia Commons, Getty)