Walker Tower PH Sells For $50.9M, Sets Downtown Record

As expected, the penthouse of Chelsea's highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space "less than five minutes" before stating "I'll take it." Because $50M spur-of-the-moment decisions are never […]

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Walker Tower 212 West 18th Street by JDS Development Group & Michael Stern

NYC Walker Tower Sets Downtown Record at $55 Million

The penthouse of Chelsea’s Walker Tower recently went under contract, breaking a record for the area. Co-developer JDS Development’s managing partner Michael Stern said the sale was finalized for just “a hair under” the asking price of $55 million, making it the most expensive residential sale in downtown Manhattan to date. The massive, 5,955-square-foot, full-floor condominium boasts three fireplaces, five bedrooms, five bathrooms, and expansive 360-degree views. Of this historic sale, Stern says, “It’s yet another vindication by the market of the incredible quality of this building.” Manhattan’s skyward ascension is showing no sign of slowing down.

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111 West 57th Street by JDS Development Group & Michael Stern

This New Glass Tower In Midtown Will Be Taller, Skinnier Than Empire State Building

The leading real estate developer, JDS Development Group, is erecting a 1,350-foot tower ascending from the Steinway Building’s courtyard at 107 West 57th Street. The Landmarks Preservation Commission sanctioned the project, which includes plans for the restoration of the Steinway Building and the creation of new luxury residences. Upon completion, the skyscraper will boast spectacular views that include the roof of the Empire State Building.

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202 8th Street Brooklyn by JDS Development Group & Michael Stern

JDS sells Gowanus rental building for $37.8M

Brooklyn is quickly catching up to Manhattan in terms of luxury residential offerings, and projects from top New York City real estate developers like 202 8th Street in Gowanus are solid proof. The 12-story, 50,000-square-foot building, built by JDS Development Group and Property Markets Group, was eventually sold to Weber Management in 2013. JDS Development Group’s managing partner, Michael Stern, expressed great satisfaction in the project, stating that the building “set a new standard for luxury rental buildings in Brooklyn, and we are proud to have developed it.”

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