Ken Griffin, the hedge fund billionaire who founded Citadel, has recently purchased the most expensive home ever sold in the country: a 24,000 square foot quadruplex penthouse at 220 Central Park South, the Robert A.M. Stern designed condo located just south of 59th Street. He paid $238 million for it.
This apartment was first listed at $250 million, which also set the record for highest listing price (that’s almost $11,000 per square foot).
The monster of an apartment is the creation of four combined units, with a total of 16 bedrooms, 17 bathrooms, 5 balconies and a park-facing terrace.
Remaining units at 220 Central Park South will range in price from $12 to $175 million. So far, the other units which have closed have ranged in price from $12 to $30 million. Closings began this past fall.
Several “Villa” style units will also be available starting at $40 million. These will come with private balconies (I would think so!).
Also: parking spaces are going for $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.
220 Central Park South stands 950 feet tall across 70 floors, making it the tallest building to be constructed along this section of the park for almost a century.
Until 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.Join our newsletter for more real estate stories:
Featured images provided by Google Street View.