111 West 57th Street Snags Top Contract, Nears Sellout

JDS Development and Property Markets Group’s 111 West 57th Street is almost across the sellout finish line.

One of the last remaining units at the Billionaires’ Row tower, asking $18.3 million, found a buyer and crowned Manhattan’s luxury market last week, according to Olshan Realty’s report. The condo was the most expensive of 20 properties asking $4 million or more to enter contract between Jan. 5 and Jan. 11, up from just 13 in the previous period.

Unit 36 initially asked $21.3 million when the developers began marketing condos off of floor plans roughly a decade ago. The apartment spans 4,500 square feet and has three bedrooms and three bathrooms. It also features 14-foot ceilings and views of Central Park.

The deal leaves only two of the building’s 60 units available, including the supertall’s crown jewel penthouse, a quadplex which hit the market in April for $110 million. The other condo still on the market is penthouse No. 76, asking $49 million.

So far, deals have closed for an average of $4,500 per square foot, with some of the building’s priciest sales including the $56 million deal for penthouse No. 72.

The Nikki Field Team with Sotheby’s International took over sales at the building in July 2025. Also called Steinway Tower, the property includes amenities such as a pool, fitness center and private dining room.

The second priciest home to nab an inked deal was a penthouse at 1049 Fifth Avenue, with an asking price of $11.6 million. The Upper East Side condo hit the market in May, asking just under $11.75 million. The seller bought it from the late radio host and political commentator Rush Limbaugh for just under $12 million in 2010.

The 4,700-square-foot apartment spans the entire 20th floor and has five bedrooms and five bathrooms. It also features four terraces and views of Central Park. The pending deal includes a third-floor studio.

Compass’ Steve Dawson, Dan Colson and the Hudson Advisory Team had the listing.

Of the 20 properties to find buyers, 12 were condos, four were co-ops, one was a condop and three were townhouses.

The homes asked a combined $147 million, which works out to an average of $7.4 million and a median of $6.3 million. The typical home was on the market for more than 3 years and had a discount of 10 percent.