111 West 57th for $49M: Gloss for the readers, debts for the creditors

While Commercial Observer spins a fairy tale about the “one-of-a-kind” JDS penthouse, the courts continue to sort through Michael Stern’s years of unpaid debts. The tower sparkles in the photos — but that sparkle is paid for by the people he never repaid

Source: https://commercialobserver.com/2025/12/111-west-57th-penthouse-billionaires-row/

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