flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The country's most expensive home sells for $238 million

Multifamily Housing

The country's most expensive home sells for $238 million

The unit comprises four stories at 220 Central Park South in Manhattan.


By David Malone, Associate Editor | January 25, 2019
220 Central Park South's limestone facade

220 Central Park South under construction. Courtesy Wikimedia Commons, godsfriendchuck

220 Central Park South, a 953-foot-tall luxury multifamily tower that overlooks Manhattan’s Central Park, is the new location of the most expensive home ever sold in the United States. Ken Griffin, the Founder and CEO of the global investment firm Citadel, made the record-setting purchase, plunking down $238 million for a 24,000-sf penthouse. The previous record was held by a home that sold in the Hamptons in 2014 for $137 million.

The penthouse occupies four entire floors (50 through 53) in the 70-story, Robert A.M. Stern Architects-designed building. The palatial unit contains 16 bedrooms, 17 bathrooms, five balconies, and a Central Park-facing terrace. In addition to the penthouse, Griffin will be able to take advantage of such building amenities as a porte-cochère, a wine cellar, a swimming pool, private dining rooms, an athletic club, a juice bar, a library, a basketball court, and a golf simulator.

 

See Also: Caoba is the first tower to open at Miami Worldcenter

 

The $238 million price tag accounts for 17% of 220 Central Park South’s $1.4 billion cost to build. It also breaks down to about $9916.66 per square foot. Vornado Realty Trust owns the building. In addition to Romert A.M. Stern Architects, the build team also included Thierry W. Despont (interiors) and DeSimone Consulting Engineers (structural engineer).

Related Stories

| Jan 3, 2012

Rental Renaissance, The Rebirth of the Apartment Market

Across much of the U.S., apartment rents are rising, vacancy rates are falling. In just about every major urban area, new multifamily rental projects and major renovations are coming online. It may be too soon to pronounce the rental market fully recovered, but the trend is promising.

| Dec 27, 2011

Ground broken for adaptive reuse project

Located on the Garden State Parkway, the master-planned project initially includes the conversion of a 114-year-old, 365,000-square-foot, six-story warehouse building into 361 loft-style apartments, and the creation of a three-level parking facility.

| Dec 12, 2011

Mojo Stumer takes top honors at AIA Long Island Design Awards

Firm's TriBeCa Loft wins "Archi" for interior design.

| Dec 5, 2011

Gables Residential brings mixed-use building to Houston's Tanglewood area

The design integrates a detailed brick and masonry facade, acknowledging the soft pastel color palette of the surrounding Mediterranean heritage of Tanglewood.

| Dec 2, 2011

What are you waiting for? BD+C's 2012 40 Under 40 nominations are due Friday, Jan. 20

Nominate a colleague, peer, or even yourself. Applications available here.

| Dec 2, 2011

Goody Clancy awarded Ohio State residential project

The project, which is focused on developing a vibrant on-campus community of learning for OSU undergraduates.

| Nov 29, 2011

Suffolk Construction breaks ground on Boston residential tower

Millennium Place III is a $220 million, 256-unit development that will occupy a full city block in Boston’s Downtown Crossing.

| Nov 15, 2011

Suffolk Construction breaks ground on the Victor housing development in Boston

Project team to manage construction of $92 million, 377,000 square-foot residential tower.

| Nov 15, 2011

Miller joins Perkins Eastman as regional manager, Middle East and Northern Africa

Miller joins Perkins Eastman with more than 48 years of experience in architecture, design management, and construction administration for planning and infrastructure.

| Nov 14, 2011

303 East 33rd Street building achieves LEED-NC

  The 165,000 sf 12-story residential building is the first green development to be LEED certified in the Murray Hill neighborhood of Manhattan.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021