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 | Mar 7, 2021

New Olympia i3 kitchen faucet: geometric lines, minimalist style

Announcing the new Olympia i3 single handle pull-down kitchen faucet for today's modern kitchen.

Market Data | Feb 24, 2021

2021 won’t be a growth year for construction spending, says latest JLL forecast

Predicts second-half improvement toward normalization next year.

Multifamily Housing | Feb 23, 2021

Rising costs push developers to consider modular construction

The mainstreaming of modular construction offers a cost-effective and creative solution to develop new types of urban developments.

Multifamily Housing | Feb 21, 2021

Multifamily Amenities Survey 2021: Early results show COVID-19 impact on apartment amenities

Survey of multifamily developers, owners, architects, and contractors shows many adjusting their amenities to deal with the impact of the pandemic on property occupiers.

Multifamily Housing | Feb 19, 2021

Former motorcycle factory converted into affordable housing

The Architectural Team designed the project.

Multifamily Housing | Feb 12, 2021

Benefits of a factory-installed ceiling radiation damper explained

Greenheck applications engineer Craig Kulski explains the benefits of a factory-installed ceiling radiation damper.

Multifamily Housing | Feb 10, 2021

The Weekly show, Feb 11, 2021: Advances in fire protection engineering, and installing EV ports in multifamily housing

This week on The Weekly show, BD+C editors speak with AEC industry leaders from Bozzuto Management Company and Goldman Copeland about advice on installing EV ports in multifamily housing, and advances in fire protection engineering.

Multifamily Housing | Feb 10, 2021

10 significant multifamily developments to open in late 2020 and early 2021

Seattle's new twisting condo tower and Rem Koolhaas's first residential building are among 10 notable multifamily housing projects to debut in late 2020 and early 2021.

Multifamily Housing | Feb 8, 2021

Vista Railing Systems expands its senior management team

Chris Dooley and Tom Killy join Vista Railings, the British Columbia manufacturer of commercial/multifamily railings.

Multifamily Housing | Feb 8, 2021

Veterans Village supplies 51 units of supportive housing for U.S. military veterans in Carson, Calif.

Withee Malcolm Architects designed the supportive housing community for developer Thomas Safran & Associates.

boombox1
boombox2
native1

More In Category


Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 



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