$22 Million New York City Condo Tops Most Expensive Sale of the Week and It Comes With Daily Catered Breakfast

Luxury can bring along perks, and the most expensive condominium sold in New York City for the week ending Sept. 7 comes with daily catered breakfast.

The condo at 111 West 57th Street was listed for $22 million, reduced from the original $27.5 million price tag when the building started marketing floor plans in June 2016, according to the Olshan Luxury Market Report.

"111 West 57th Street has very high end finishes and is quite appealing but it needed a price adjustment which happened under Nikki Field at Sotheby's," Donna Olshan, president of Olshan Realty, tells Realtor.com®. "Sotheby's is the third brokerage firm on the project, and asking prices have been lowered at least 15% since the building started marketing in 2016. Pricing is critical to the velocity of sales."

The condo has nearly 4,200 square feet with three bedrooms and 3.5 bathrooms. The great room, which is 37 feet by 21 feet, has 14-foot ceilings and overlooks Central Park.

The primary bedroom features two walk-in closets and a windowed bathroom with a freestanding polished nickel bathtub. The secondary bedrooms come with their own views: One faces Central Park and the other faces south.

It's the amenities that make this building stand out. Residents will enjoy exclusive concierge service and a rare, private porte cochere entrance on 58th Street providing security and privacy.

Club 111 and Sports Club includes complimentary daily breakfast for all residents catered by Le Bilboquet; wellness and lifestyle concierge services; a two-lane swimming pool with private cabanas; a separate sauna and treatment rooms; double-height fitness center with mezzanine terrace; and private club space with dining and meeting rooms.

It's the not first time a building provides such perks for its residents.

"We've seen condos catering bagels, croissants, orange juice, and coffee in certain condo buildings for a long time," says Olshan. "I think the first building I saw this in was 308 East 72nd Street called the Knickerbocker, developed by Jack Parker in 1997." Olshan adds that they still serve continental breakfast. 

This is the 10th time this year a unit at 111 West 57th Street took the No. 1 or No. 2 deal in the Olshan Report.

"The luxury buyer today values large space, high ceilings, views and very high end finishes. They also love a suite of amenities including a pool," explains Olshan. "The development game is like an arms race when it comes to competing for customers. The rich are still very rich and they love New York but they have a lot of choices."

Summer slowdown

As the final weeks of the official summer months wind down, the consistency of luxury market sales in Manhattan is the opposite of what home sellers in the U.S. have been experiencing.

Overall, active listed homes rose 24.8% in July compared with the same time the year prior.

There are over 1.1 million homes for sale—the third consecutive month with 1 million active listings. While inventory was up, buyer activity was subdued, according to the Realtor.com July 2025 Monthly Housing Market Trends Report. Pending home sales—listings under contract—fell 3% year over year, about double the 1.6% drop in June. 

The national median list price for homes was $439,450, up 0.5% since last year, and remaining in line with 2023–24 levels. The median price per square foot also increased by 0.5% year over year.