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    111 West 57th Street Condominium

    109 West 57 Street
    New York, NY 10019
    646-625-3640
    Residential, Sales, Condo, Multifamily

    The sponsor(s) filed plans on 05/12/15 for a condo project at 111 West 57th Street with 60 residential units. The sponsor(s) were approved to market the units for sale on 10/15/15.

    • Address 109 West 57 Street
    • neighborhood Midtown West
    • borough Manhattan
    • owner JDS DEVELOPMENT GROUP
    • developer JDS DEVELOPMENT GROUP
    • owner entity 111 WEST 57TH PROPERTY OWNER LLC
    • architect Shop Architects
    • PLANS DISCLOSED 08/06/2013
    • dob permit issued 01/14/2015
    • DOB FILE PLANS 08/06/2013
    • DOB FILE Link
    • LIST/LAUNCH SALES 10/15/2015
    • height in feet 1,431
    • floors 82
    • ag file plans 05/12/2015
    • AG FILE Link
    • residential units 60
    • commercial units 0
    • hotel units 0
    • total units 93
    • square feet 316,396
    • const. status UNDER CONSTRUCTION
    • block and lot 1-01010-0025
    • BIN 1023728
    • Event Financing
    • Building Name 109-113 West 57th Street
    • Address 109 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    notes
    A $230 million loan was provided for the acquisition of the property. The one-year, interest-only loan features a fixed rate and two six-month extension options. As part of the deal, JDS Development Group, together with partner Property Markets Group, also recapitalized and consolidated its existing development site at 105-107 West 57th Street. Comm. building.
    • Event Sales
    • Address 107 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Price $ 177,800,000
    notes
    The Steinway Building at 109 West 57th Street, its accompanying land lease and the site next door at 107 West 57th Street sold for $177.8 million. The buyers plan to build condo units and retail in a tower that is expected to rise to more than 900 feet. Includes 109 West 57th Street.
    • Event Sales
    • Address 105 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Price $ 40,000,000
    • Publication Date 07/01/2012
    • Event Date 05/22/2012
    • Party 1 Starwood Capital
    • Party 2 JDS Development Group
    notes
    The majority interest in the development site sold for $40 million. The buyer plans to break ground on a new 100,000-square-foot, mixed-use retail and luxury residential project in the spring or early summer.
    • Event Office Leasing
    • Address 111 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Square feet 9,637
    • Publication Date 07/10/2010
    • Event Date 05/31/2010
    • Party 1 Steinway
    • Party 1 Brokerage Cushman & Wakefield
    • Party 2 Victory Schools
    • Party 2 Brokerage Savills Studley
    • Party 2 Broker Ken Ruderman, Michael Goldman, Key Otomo, Thomas Carragher
    notes
    The education company signed a lease renewal.
    • Event Office Leasing
    • Address 111 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Square feet 12,749
    • Price per foot $ 52.00
    • Publication Date 12/01/2009
    • Event Date 10/22/2009
    • Party 1 Steinway & Sons
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Mark Lauzon
    • Party 2 Municipal Art Society
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Carri Lyon
    notes
    The non-profit inked a new 10-year lease for the entire 16th floor. The company is moving from the Villard Houses at 455 Madison Avenue.
    • Event Sales
    • Building Name 105-07 West 57th Street
    • Address 105 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Price $ 52,000,000
    • Publication Date 11/01/2006
    • Event Date 09/22/2006
    • Party 1 Investcorp and Ceebraid-Signal
    • Party 2 Starwood Capital Group
    notes
    The former home of the Ritz fur shop was acquired for $52 million. Plans for the site have not been disclosed.
    • Event Sales
    • Address 107 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Price $ 25,000,000
    • Publication Date 07/01/2005
    • Event Date 05/22/2005
    • Party 1 Family-owned
    notes
    82,202 mixed-use bldg planned
    • Event Office Leasing
    • Address 111 West 57th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Square feet 2,957
    • Publication Date 01/01/2004
    • Event Date 11/22/2003
    • Party 1 Steinway Musical Instruments
    • Party 1 Brokerage CBRE
    • Party 2 AFC Realty Capital
    • Party 2 Brokerage AFC Realty Capital
    notes
    Firm doubles space in move from 888 Seventh Ave.
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