NYC’s most expensive home lists for $110 million

As the Dow Jones Industrial Average plunged and tariff headlines rippled through global markets, a different number was turning heads in Manhattan: A newly listed $110 million penthouse, now the most expensive home for sale in New York City.

The listing debuted April 3 during one of Wall Street’s most turbulent weeks on record. That day, the Dow fell 1,679 points, shedding 4%. The day after, it lost another a 2,231 points. Markets have been turbulent ever since as trade policy uncertainty leaves investors uneasy.

Sotheby’s International Realty broker Nikki Field, who represents the Manhattan listing, said the market swings haven’t rattled her target buyers.

“This buyer segment remains untouched by market volatility,” Field said. “They’re not reacting to headlines or fluctuations. They’re focused on curating world-class portfolios, and ultra-prime residential real estate continues to be a core asset class for them.”

The property in question is a rare bundled offering atop the landmark Steinway Tower at 111 West 57th St. Penthouse 80 and Penthouse 82 are being marketed together as a potential quadplex, spanning the tower’s top four levels, which feature private elevator access. Combined, they offer 11,480 square feet, five bedrooms, six bathrooms, multiple lounges, and a 618-square-foot terrace with sweeping views of Central Park and both rivers on either side of Manhattan.

“While the homes remain physically separate today, the opportunity lies in their architectural potential,” Field said.

According to Sotheby’s, neither unit has ever been publicly listed or marketed individually.

Since launching the quadplex listing earlier this month, Field says buyer interest has been strong.

“Several highly qualified individuals have already inquired and toured the residence. There’s real momentum,” she said.

According to reporting from The Real Deal, Field and her team took over sales at 111 West 57th St. in July, replacing Corcoran Group and becoming the third brokerage since the building launched in 2018.