After years on the ultra-luxury shelf, one of Billionaires’ Row’s last big-ticket aerie offerings has finally found a taker. Developers JDS Development and Property Markets Group have a signed contract for Penthouse 76 at 111 West 57th Street, a duplex high above Midtown that ranks among the remaining trophy units in the supertall tower.
The two-level spread weighs in at roughly 6,500 square feet with four bedrooms, four bathrooms, 14-foot ceilings, a private terrace and broad Central Park views. With this contract, the project edges closer to a full sellout after nearly a decade of staggered launches and price tweaks.
According to The Real Deal, the PH76 contract was the most expensive of 39 Manhattan homes to go into contract between April 13 and April 19, based on Olshan Realty’s weekly report. The outlet notes that the duplex first hit the market off floor plans back in 2016 with an asking price near $55 million, before being reconfigured and re-priced in later campaigns. That same reporting points out the building is still shopping a crown-jewel quadplex with a $98 million ask.
Listing records show the penthouse had been actively marketed for years before flipping to “In Contract” status this week. CityRealty updated its entry for PH76 on April 19, 2026, reflecting a $45 million asking price. The building’s marketing materials on Compass and Sotheby’s highlight a 6,512-square-foot interior, a 309-square-foot terrace and those 14-foot ceilings now doing the heavy lifting in the sales pitch.
How The Sale Fits Manhattan’s Luxury Game
The contract is another sign that Manhattan’s top-shelf condo market is very much back in play. Apartments at 111 West 57th have been closing at an average of about $4,300 per square foot, according to reporting by The Real Deal. The tower’s amenities - a fitness center, pool, terrace and private dining room - along with its Central Park sightlines have helped keep buyers circling, even as pricing has been reset over multiple marketing cycles.
With PH76 now in contract, JDS Development and Property Markets Group move a step closer to finishing sales at the 60-unit building, capping a long and closely watched rollout on West 57th Street.
Why This Deal Matters Now
Hoodline’s recent coverage of Manhattan’s Q1 rebound shows the borough’s broader market picking up steam, which helps explain the renewed action at high-profile addresses like Billionaires’ Row; see Manhattan’s Q1 rebound for the quarter’s snapshot. Industry watchers say deep-pocketed buyers are stepping back into the luxury arena when pricing, inventory and financing line up, and weekly trackers such as Olshan’s have flagged an unusually busy stretch for trophy contracts in recent weeks. That mix of momentum and a shrinking pool of prime listings is feeding this late-cycle burst of activity.
For now, though, PH76 is still only at the contract stage in public listings and MLS entries. Neither the developers nor the listing brokers have disclosed the buyer’s identity, and no deed has hit city records yet. Once the sale closes and the transfer shows up in ACRIS, it will reveal the final price and the name behind the check. We will be watching public filings for the closing and any additional sales movement in the tower.
