Tiktok investor Tim Gong bought 111 W. Bought two condos on 57th St.

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Tiktok investor Tim Gong bought 111 W. Dropped nearly $34 million for two luxury homes on 57th St., the world’s thinnest supertall building located on Billionaire’s Row in New York City.

Susquehanna International Group, LLP, a secretive high-speed trading firm with offices outside Philadelphia, owns about 15% of TikTok owner ByteDance Ltd., founded by Zhang Yiming, which is estimated at $15 billion — which making it the world’s largest external investor. Beijing based social media company, according to reports,

As the managing director of Susquehanna’s Asia venture-capital unit, Gong is credited with co-chairing the TikTok investment, report says,

At 111 W 57th St., Gong purchased a full-floor unit, No. 52, which measures 4,182 square feet, for $25.63 million. It comes with three bedrooms, 3½ bathrooms, and floor-to-ceiling windows with panoramic views from Central Park to the broad city skyline.

Aerial shot of skyscraper.
Gong’s new couplet of condos, the world’s thinnest skyscraper, 111 W. Located inside 57th St.
© David Sundberg/Esto
Interior of a family room inside one of the condos.
The condo has floor to ceiling windows.
111 West 57th Street
Interior of a bathroom inside one of the condos.
A copper tub begs to be seen.
111 West 57th Street
A view of Central Park from one of the condos.
Gong will enjoy breathtaking views of Central Park.
111 West 57th Street
Interior of one of the condos.
The two condos offer a combined 7,000 square feet of approximately midtown luxury.
111 West 57th Street

The 84-story tower comes with 60 units and includes Steinway Hall, the former showroom of the landmark Steinway & Sons, complete with a restored limestone façade that was built in 1925. That’s where Gong paid $8.11 million for Unit 16S, which is 2,779 square feet and comes with two bedrooms and 3½ baths — one with a wraparound terrace.

Both condos – in the tower and in Steinway Hall – were sponsor units. “Gong,” a source told Gimme, “spends very little time here, as he is primarily in Asia.” The homes are part of his global real estate portfolio, which includes residences outside Philadelphia and in Montana. Gong has also been known to co-host a special party with Bona Film during the Shanghai Film Festival, where he hands out wines, The Wall Street Journal once noted.

Supertall was designed by SHOP Architects – and developed by JDS Development Group, Property Markets Group and Spruce Capital Partners. Chris Fry, a top broker at Allegran Real Estate, recently announced a partnership with Forbes Global Properties.

Fry told Gimme Shelter that this purchase is another example of how Billionaires’ Row continues to attract offshore investors.

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