JDS and PMG’s skinny condo tower to have $100M pads

Cheaper units will be located in landmarked Steinway Building portion

TRD New York /
Mar.March 12, 2015 04:40 PM

Keeping pace with its Billionaires’ Row neighbors, JDS Development Group and Property Market Group’s skinny tower at 111 West 57th Street will have units priced up to $100 million, according to records from the Attorney General’s office.

The records show that the landmarked Steinway Building portion of the project will also have condos, though these will be less expensive, ranging from $1 million for a studio to $14 million for a four-bedroom. In the tower, designed by SHoP architects, there will be units from two bedrooms to five bedrooms costing $13 million to $100 million, Curbed reported.

Counterintuitively, the building’s larger units will not be its most expensive. While the five-bedroom units will top out at $75 million and the four-bedrooms will top out at $60 million, the two and three-bedroom apartments will be the ones to reach $100 million.

Last month, The Real Deal reported that the city’s priciest listings ever will soon hit the market, with Joseph Chetrit asking $150 million for a penthouse at 550 Madison and sources indicating that Vornado Realty Trust plans to ask between $150 million and $175 million for the top units at 220 Central Park South.

The city’s priciest deal yet remains the $100.5 million sale of a penthouse at Extell Development’s One57. [Curbed] — Tess Hofmann

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