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

Multifamily Housing | Apr 19, 2023

Austin’s historic Rainey Street welcomes a new neighbor: a 48-story mixed-used residential tower

Austin’s historic Rainey Street is welcoming a new neighbor. The Paseo, a 48-story mixed-used residential tower, will bring 557 apartments and two levels of retail to the popular Austin entertainment district, known for houses that have been converted into bungalow bars and restaurants.

Multifamily Housing | Apr 17, 2023

World's largest multifamily building pursuing ILFI Zero Carbon certification under construction in Washington, D.C.

The Douglass, in Washington, D.C.’s Ward 8, is currently the largest multifamily housing project to pursue Zero Carbon Certification from the International Living Future Institute (ILFI).

Sponsored | Multifamily Housing | Apr 12, 2023

With affordability and innovation for all: Multifamily housing ideas break barriers

With a growing need for multifamily housing solutions at all income levels, the U.S. market is seeing a proliferation of inventive projects. Alongside the creativity is a nascent move toward higher quality, if not always larger unit sizes, with offerings of better amenities both inside and outside today’s latest residential solutions. 

Urban Planning | Apr 12, 2023

Watch: Trends in urban design for 2023, with James Corner Field Operations

Isabel Castilla, a Principal Designer with the landscape architecture firm James Corner Field Operations, discusses recent changes in clients' priorities about urban design, with a focus on her firm's recent projects.

Market Data | Apr 11, 2023

Construction crane count reaches all-time high in Q1 2023

Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.

Contractors | Apr 10, 2023

What makes prefabrication work? Factors every construction project should consider

There are many factors requiring careful consideration when determining whether a project is a good fit for prefabrication. JE Dunn’s Brian Burkett breaks down the most important considerations. 

Affordable Housing | Apr 7, 2023

Florida’s affordable housing law expected to fuel multifamily residential projects

Florida Gov. Ron DeSantis recently signed into law affordable housing legislation that includes $711 million for housing programs and tax breaks for developers. The new law will supersede local governments’ zoning, density, and height requirements.

Multifamily Housing | Apr 4, 2023

Acing your multifamily housing amenities for the modern renter

Eighty-seven percent of residents consider amenities when signing or renewing a lease. Here are three essential amenity areas to focus on, according to market research and trends.

Resiliency | Apr 4, 2023

New bill would limit housing sprawl in fire- and flood-prone areas of California

A new bill in the California Assembly would limit housing sprawl in fire- and flood-prone areas across the state. For the last several decades, new housing has spread to more remote areas of the Golden State.

Multifamily Housing | Mar 31, 2023

EV charging stations in multifamily housing

Ryan Gram, PE, EV Charging Practice Leader at engineering firm Kimley-Horn, provides expert advice about the "business side" of installing EV charging stations in apartment and mixed-use communities. Gram speaks with BD+C Executive Editor Robert Cassidy. 

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