A custom-designed 6,512-square-foot duplex penthouse with wraparound views of New York on Midtown Manhattan’s “Billionaire’s Row” has hit the market for $54.6 million.
Tapped by builder JDS Development to design the sponsor-owned unit at 111 West 57th St., London firm Banda created bespoke interiors for the home on the 76th floor of the 84-story project, according to Joe Alvarez, Corcoran’s director of sales for the building. “This is truly a trophy property.”
“Banda has designed a number of smaller, private client projects in New York over the years, however, this is by far and away our most notable project in the city,” Mozzi said in a statement. “Importantly, this is the first time that Banda has designed at such height. Each and every piece was chosen to compliment and embrace the view.”
Along with furniture from London’s Invisible Collection, Mozzi partnered with curators Nous Art to source artwork by notables like Andy Warhol and Christopher Wool.
“The Swan dining table in the kitchen space by Francesco Balzano celebrates that feeling of elegance and calm high up in the sky—the oval top evokes a swan’s wings fully deployed and fits perfectly with the impressive proportions of the room,” Mozzi said. “The Signal Y pendants by Apparatus studio in the ‘Great Room’ celebrate the ‘now’ of the city—modern, energetic and creative.”
Mozzi “has a very important following,” Alvarez said. “We wanted to work with a team that could walk in, understand the importance of this space, and take it from something exquisite to something unparalleled.”
The artwork and furniture are offered separately. “I would not be surprised if a buyer took it all turnkey,” Alvarez said.
The unit, which was listed last week, features direct elevator access from the lobby, along with interior elevators between its two floors. On the lower level, a 50-foot reception hall offers “perfectly centric views, right off the elevator,” Alvarez said. “In one direction, you see Central Park and beyond. Looking south, you see the Manhattan skyline, iconic landmarks like the Statue of Liberty, and even the Verrazano Bridge.”
The lower floor also features a Gaggenau-outfitted kitchen, a breakfast room, media room, and 309-square-foot terrace. On the second floor, the principal bedroom includes two en-suite bathrooms, two dressing rooms, and a wet bar. The penthouse is one of eight in the tower, which was built on a parcel above the landmarked Steinway & Sons building in Midtown. The 84-story project was designed by New York’s ShoP architects, with interiors by Manhattan firm Studio Sofield.
Building amenities include an 82-foot swimming pool with cabanas, sauna and treatment rooms, a lounge space with outdoor terraces, private dining with a chef’s catering kitchen, a fitness center, and meeting rooms.
In February, a 6,500-square-foot penthouse at the supertall project sold for $47.2 million; another duplex penthouse went for $50 million in October 2022. According to The Real Deal, closing prices in the building have averaged about $5,300 per square foot.
According to Realtor.com, the median listing home price in Midtown Manhattan was $1.6 million in May, up 3.7% year-over-year, though properties closer to Central Park, like 111 West 57th St., can command stratospheric premiums.
Alvarez said he expects a buyer would not make the penthouse a primary residence. “With a trophy property like this, it would not surprise me if it’s a pied-a-terre,” he said.