Billionaires’ Row Penthouse Tops Manhattan Luxury Contracts

A triplex penthouse on Billionaires’ Row capped a banner week for Manhattan’s luxury market.

Unit PH72 at 111 West 57th Street, asking $56 million, was the priciest of 45 homes in the borough asking $4 million or more to land inked deals between March 24 and March 30, according to Olshan Realty’s weekly report.

The total, up from 31 properties in the previous period, marked the largest number of contracts signed since mid-December 2021, when 54 homes found buyers. Of the 45 pending deals, eight were for co-ops, two were for townhouses and 35 were for condos — more than of which were units sold by sponsors.

The last asking price for the 57th Street penthouse was about $10 million less than the price specified in the developer’s offering plan. The 7,300-square-foot condo has four bedrooms, five bathrooms and a 1,200-square-foot loggia.

The Nikki Field Team with Sotheby’s International has led sales at the project, developed by JDS Development, Property Markets Group and Apollo, since last July.

Units at the 82-story supertall have topped weekly contract reports six times so far this year. Amenities in the building include a pool, fitness center and private dining room.

The second most expensive home to find a buyer was a penthouse at 108 Leonard Street, with an asking price of $24.5 million. The triplex condo has five bedrooms, five bathrooms and two terraces totaling more than 2,000 square feet.

The 6,300-square-foot apartment initially asked $22 million when sales launched at the building in 2018.

A Douglas Elliman Development Marketing team — including Elena Sarkissian and Raphael De Niro — is heading sales at the Tribeca conversion, which is more than 90 percent sold, according to a spokesperson for Elad Group.

The homes’ combined asking price was $433 million, for an average price of $9.6 million and a median of $6 million. The typical home spent more than 800 days on the market and was discounted 9 percent from the original listing price.

The priciest homes to hit the market last week were a four-bedroom, 56th-floor unit at 157 West 57th Street, asking just under $21 million, and Unit No. 9 at 1020 Fifth Avenue, asking $17 million, according to the Eklund-Gomes team’s weekly report.