111 West 57th Street Condominium | The Real Deal New York

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111 West 57th Street Condominium

109 West 57 Street
New York, NY 10019
646-625-3640
Residential, Sales, Condo (Building), 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
  • documents click here
  • 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
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
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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