From CNBC: 2025-04-22 13:30:00

Interest in the quadplex at 111 West 57th St. remains strong, with several qualified buyers already touring the residence, according to Sotheby’s listing agent Nikki Field. The property is listed at $110 million, making it the most expensive home for sale in NYC amidst turbulent market conditions.

Despite market volatility, the target buyers for the penthouse remain undeterred by headlines or fluctuations. Sotheby’s broker Nikki Field notes that these buyers are focused on building world-class portfolios, with luxury real estate remaining a core asset for them.

The quadplex listing at 111 West 57th St. offers a rare bundled opportunity with private elevator access, combining Penthouse 80 and Penthouse 82 to create a luxurious living space spanning four levels. The property boasts 11,480 square feet, five bedrooms, six bathrooms, and a terrace with stunning views of Central Park and the surrounding rivers.

The $110 million listing at 111 West 57th St. comes in at roughly $9,578 per square foot, a premium compared to other luxury properties. Despite the high price, experts caution against reading too much into these sales, noting they are unique and not indicative of broader market trends.

While some luxury brokers are seeing hesitation due to economic uncertainty, others note resilience in the high-end market. Deals are still being made, with buyers and sellers adjusting their strategies to navigate the current conditions. Sellers are becoming more flexible with pricing, while buyers are seeking value and negotiating terms more strategically.

Luxury markets in different cities are experiencing shifts, with buyers becoming more selective and cautious. In South Florida, buyers in different price ranges are focusing on value and lifestyle needs, with the ultra-high-end buyers prioritizing rarity and unique assets for long-term visions or legacies.



Read more at CNBC: NYC’s most expensive home lists for $110 million