Billionaires’ Row Condo Tops Manhattan’s Luxury Contracts

Manhattan’s luxury market notched another busy week, led by a deal for a condo on Billionaires’ Row.

Unit 67 at JDS Development’s 111 West 57th Street, asking $20 million, was the most expensive of 35 properties in Manhattan asking $4 million or more to find buyers between March 3 and March 9, according to Olshan Realty’s weekly report. The total was more than the previous period, when buyers inked deals for 32 homes.

The 3,900-square-foot apartment initially asked just under $30 million when the building started marketing floor plans in 2016. It has three bedrooms and three bathrooms and features views of Central Park.

The Nikki Field Team with Sotheby’s International took over sales at the project last summer, marking the third cohort to lead marketing at the tower. Field took the helm after slow sales progress and discounts at the 82-story building, developed with Apollo and Property Markets Group, that towers above the former site of the Steinway & Sons piano store.

Since sales launched in 2018, 38 of the building’s 60 units have found buyers, trading for an average of $4,200 per square foot. Field’s team has sold about 10 of those apartments.

Amenities at 111 West 57th Street include a fitness center, lap pool, terrace and private dining room.

The second priciest home to enter contract was an apartment at the Witkoff Group’s 150 Charles Street, with an asking price just under $18 million. The triplex condo spans 5,600 square feet and has five bedrooms and four bathrooms.

Unit M6, which hit the market for $20 million last year, also features a terrace, recreation room and private garage. It last traded for $11.5 million in August 2015.

Amenities in the 91-unit building include doormen, a fitness center, lap pool and garage.

Of the 35 properties, 25 were condos, seven were co-ops and three were townhouses.

The homes’ combined asking price was $252 million, for an average price of $7.2 million and a median of $6.5 million. The typical home spent more than 660 days on the market and was discounted 11 percent from the original listing price.

The priciest homes to hit the market last week were both at Park Avenue addresses, according to the Eklund-Gomes team’s weekly report. An apartment spanning three floors at 895 Park Avenue was listed for just under $30 million, while a five-bedroom unit at 765 Park Avenue also hit the market asking $20 million.