by Howard Morrel & Leslie Hirsch
57th Street Report
British luxury developer and his wife, Emily Crompton-Candy, have recently acquired a triplex penthouse at 111 West 57th Street for approximately $46.9 million, according to property records.
Originally listed for $66 million in 2020, the transaction reflects one of the more notable discounts seen along Billionaires’ Row amid evolving market dynamics.
The newly acquired penthouse spans about 7,250 square feet across three floors, offering breathtaking panoramic views from Central Park to the Statue of Liberty.
Designed with refined luxury in mind, it features a soaring 14-foot ceiling great room, a media room, a 1,240-square-foot private loggia, smoke-gray oak floors, bronze hardware, and a corner kitchen outfitted with white quartzite countertops.
The acquisition follows a broader trend of value-driven luxury buying across Billionaires’ Row, where adjusted pricing has attracted renewed buyer interest. According to sales reports, the new marketing team led by Sotheby’s Nikki Field has driven more than $285 million in sales and contracts at 111 West 57th Street over the past year, with the building now roughly 75% sold.
Candy’s move also mirrors a larger shift among global high-net-worth individuals, where strategic relocations and portfolio diversification — often between historic properties and new developments — are increasingly common. The couple listed their previous Beaux-Arts townhouse on the Upper East Side for $70 million just days before closing on their new 57th Street home.
Despite past challenges during the building’s development phase, Billionaires’ Row continues to represent the pinnacle of Manhattan luxury. With strategic opportunities emerging, the corridor remains a global beacon for those seeking unparalleled architecture, iconic views, and enduring value.
Want to learn more? Let’s talk!
All the best,
Howard Morrel & Leslie Hirsch
Christie’s International Real Estate Group
(212) 956-4823
mha@christiesrealestategroup.com
