A luxury duplex penthouse in 111 West 57th St., a skyscraper in New York’s Billionaires Row, sold for about $53.8 million, according to JDS Development Group, which developed the building with Property Markets Group and Spruce Capital Partners.
Michael Stern, JDS’s founder and chief executive officer, says that’s not a record-breaking price tag, but calls the signed contract deal competitive for a unique Midtown Manhattan property. “This unit is about a thousand feet in the air,” he says. “Private elevator, 360-degree views, 14 foot ceilings throughout the unit, and just an incredible amount of square footage,” Stern says. (That’s 6,512 square feet, to be exact.)
“Penthouse 78” is located
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