An in-contract penthouse on Manhattan’s Billionaires’ Row will sell for roughly $42 million — a price that cements it as the priciest residential deal so far this year along the thoroughfare, according to a press release.
The four-bedroom duplex at the super-tall 111 W. 57th St. spans about 6,500 square feet. Floor-to-ceiling windows frame unobstructed Central Park views.
The unit carried an ask of $54.6 million when it hit the market in 2023. It was last listed for $45 million. The buyer, a European billionaire with a family in tow, plans to make it his primary residence. He is bringing his own design team to put a personal stamp on the finished space.
But as it stands, it’s not too shabby.
A private interior elevator connects the two floors. Terraces add another 300 square feet of open air above the city.
Listing broker Nikki Field of Sotheby’s International Realty declined to name the buyer.
The sellers are the development trio behind the tower: JDS Development Group, Property Markets Group and Apollo Commercial Real Estate Finance. They completed the building in 2022, wrapping it around the landmarked 1925 Steinway Hall. The project is now 98% sold.
Field said European buyers are increasingly active at this price point, drawn by the relative strength of the euro and the pound against the dollar.
JDS founder Michael Stern called the deal proof that exceptional scale, craftsmanship and views still draw global money even as the broader luxury market grows more discerning.
The city’s top residential sale this year belongs to a $57 million Tribeca penthouse. Last year, billionaire Christian Candy paid $46.9 million for another unit in the same tower.
Meanwhile, a two-level Upper East Side penthouse — still under construction — at 1122 Madison Ave. could set the priciest on record this year. It is currently in contract, last asking $89.5 million.
Still on the market: the Quadplex Penthouse at 111 W. 57th St., currently configured as two duplex units that can be merged into one sprawling residence, is asking $98 million. It was first listed at $110 million in April 2025.
