Rendering courtesy of Vornado Realty Trust
Today, the Wall Street Journal reports that billionaire Ken Griffin has closed on not only the most expensive home in New York City but in all of the U.S. The staggering $238 million deal comes in 220 Central Park South, the statuesque Vornado-developed condo that we named the tower-to-beat of 2018. The 118-unit condo building was designed by the illustrious firm of Robert A.M. Stern Architects and bestows all-encompassing views of Central Park. The deal is more than double the previous sale record in the city, set in One57 by another hedge fund billionaire, Bill Ackman.
Mr. Griffin, the founder of the hedge fund Citadel, captured the building's piece de resistance, a four-floor apartment spanning from 50th to the 53rd floors of the 65-floor skyscraper. The 23,090-square-foot spread comes with a 649 square foot private terrace with views to the north, east, and south. According to the Journal, the home will be delivered as an unfurnished white box. Mr. Griffin was represented by Tal and Oren Alexander of the Alexander team at Douglas Elliman.
In this article:
220 Central Park South this past fall (CityRealty)
Chart of the 100 most expensive private residential sales in NYC
Ken Griffin's purchase is practially off the charts.
Ken Griffin's purchase is practially off the charts.
The ten closings recorded in the building so far average $6,742 per square, eclipsing 432 Park as the most expensive residential building in NYC on a PPSF basis. According to a Vornado quarterly filing reported by TRD in October, 98 of its 118 units are in contract with closings to continue through 2020.
Griffin's home will not be the most expensive unit ever sold by price per square foot, however. Two apartments in 432 Park Avenue closed north of Griifin's $10,334 and a penthouse at 15 Central Park West that closed above $13,000 per square foot. The Journal also notes that the home is still some ways off from the priciest residential deal worldwide. That title belongs to a $361 million of a home at the Peak in Hong Kong.
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