A Billionaire’s Row Building Notches Penthouse Sale Despite Legal Woes

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A Billionaire’s Row Building Notches Penthouse Sale Despite Legal Woes
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Despite legal woes, a Manhattan building on Billionaire's Row sells a penthouse for 'close to' its $58 million asking price

A penthouse apartment at 111 West 57th Street, a new luxury development on New York’s Billionaire’s Row that has been at the center of two high profile legal battles, is in contract to sell for “close to” its asking price of $58 million, according to the developer.

The home—a 7,175-square-foot duplex with three bedrooms—is the one of the two most expensive listings to go into contract in New York so far this year, according to research by Manhattan real-estate firm Olshan Realty. A penthouse at 212 Fifth Avenue, which was...

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