220 Central Park South … and the $250 Million Apartment!

The construction of 220 Central Park South is getting close to being complete, and is expected to be finished next year, New York YIMBY has reported. Located just south of 59th Street, the upcoming tower will be 70 floors and 950 feet, making it the tallest building to be constructed along this section of the park for almost a century.

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The apartment which has been discussed the most is the quadruplex penthouse. First reported on by the Real Deal in 2016, it will reportedly be listed for a whopping, record-setting $250 million. At an asking price of almost $11,000 per square foot, the 23,000 square foot apartment is the creation of four combined units, and will have 16 bedrooms, 17 bathrooms, 5 balconies and a park-facing terrace.

As of now, the most expensive apartment ever sold in NYC was at One 57, and was purchased by Michael Dell for $100.5 million in 2014. Dell’s apartment went for $9,000 per square foot, so on relative terms, this $250 million home doesn’t sound quite as crazy.

As this monster of a home is aiming to set a record without  close competition, it will obviously be the most expensive in the new building; however, expect other units at 220 Central Park South to be asking up to $175 million.

Several “Villa” style units will be starting at $40 million. These will come with private balconies (I would think so!).

And apparently the cheapest apartments at 220 CPS will be two-bedrooms starting at about $12 million.

Also: parking spaces will cost $750,000 a piece!

The total sellout is expected to be $3.4 billion. Vornado Realty Trust is the developer, with SLCE Architects leading the design.

Featured images provided by Google Street View.

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