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Real Estate

Condos at 111 West 57th to have a total sellout of $1.5 Billion

Michael Stern-111-West-57th-Street-


The developers behind 111 West 57th Street have been inviting a handful of top brokers from Billionaires’ Row to visit the supertall tower’s showroom ahead of an upcoming sales launch, when condos will hit the market starting at $16 million.

The state Attorney General’s office last week approved Michael Stern’s JDS Development and Property Markets Group’s condo offering plan, which projects a total sellout of $1.45 billion.

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While the sales gallery inside the landmarked Steinway Building is still under construction, JDS and PMG are inviting brokers to a sneak peek. Apartments at the 60-unit, super-skinny tower will start at a price of $16 million, according to brokers who either visited the space or got the invitation.

Read the full story at The Real Deal, by Rich Bockmann





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