JDS’ 111 West 57th Street tops Manhattan luxury contracts

Unit 17S led borough’s 26 signed contracts after asking $16M

JDS' Michael Stern with 225 W 86th Street and 111 W 57th Street (Google Maps, Getty, Short final/CC BY-SA 4.0/via Wikimedia Commons, JDS)
JDS' Michael Stern with 225 W 86th Street and 111 W 57th Street (Google Maps, Getty, Short final/CC BY-SA 4.0/via Wikimedia Commons, JDS)

UPDATED April 20, 3:00 p.m.: JDS’s 111 West 57th Street is back on top of Manhattan’s luxury market. 

A condo at the Billionaires’ Row tower had the priciest of the 26 contracts signed in the borough last week, according to Olshan’s weekly report on homes asking $4 million or more. Unit 17S last asked $15.8 million, down from $18 million when the developer started marketing floor plans in 2016.

The 4,800-square-foot duplex has four bedrooms and five bathrooms. The unit features a living room with a double-height ceiling, library and grand gallery. The building’s amenities include a concierge, fitness center, 82-foot pool, private dining room and a covered driveway entrance.

Corcoran’s Kane Manera had the listing.

The supertall has marked 20 closings out of its 60 units for an average of $5,300 per square foot. Other units in the 82-story building have topped Manhattan luxury reports, including a penthouse that went into contract last August with a $21 million asking price.

The second most expensive home to land a contract was Unit 1112 at 225 West 86th Street, asking $13.2 million. The prewar condo apartment spans 4,600 square feet and has six bedrooms and six bathrooms. 

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The unit features 10-foot ceilings, a 40-foot-wide terrace and a living room with a gas fireplace. Amenities at the building, known as the Belnord, include a doorman, fitness center, children’s playroom and lounge. Westbrook Partners took over the condo project from troubled developer HFZ.

Douglas Elliman’s Maya Kadouri had the listing.

The number of contracts signed last week for Manhattan homes asking $4 million or more was up from the previous period, which had 22. Of the 26 homes that went into contract, five were co-ops, 16 were condos and five were townhouses. 

The homes combined for $190.9 million in volume and had an average asking price of $7 million and a median ask of $6 million. Among them, the typical home received a 10 percent discount and spent 658 days on the market.

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Correction: A previous version of this article said 19 units had sold at 111 West 57th Street. A TRD review of property records found the total appears to be 20.