The contract for an apartment at 111 West 57th Street is one of the biggest signed in New York since the start of the pandemic

A penthouse apartment at 111 West 57th Street, an under-construction ultra-skinny tower on New York’s Billionaires’ Row, has gone into contract for over $50 million, according to a person familiar with the transaction. The deal, signed in early November, is one of the priciest publicly disclosed contracts to have been signed in New York since the onset of the pandemic.

The development’s offering plan lists the unit’s asking price at $57 million. JDS Development’s Michael Stern, one of the building’s developers, confirmed the deal but declined to comment on the exact sale price or the identity of the buyer.

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