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

Market Data | Dec 29, 2020

Multifamily transactions drop sharply in 2020, according to special report from Yardi Matrix

Sales completions at end of Q3 were down over 41 percent from the same period a year ago.

Multifamily Housing | Dec 16, 2020

What the Biden Administration means for multifamily construction

What can the multifamily real estate sector expect from Biden and Company? At the risk of having egg, if not a whole omelet, on my face, let me take a shot.

Giants 400 | Dec 16, 2020

Download a PDF of all 2020 Giants 400 Rankings

This 70-page PDF features AEC firm rankings across 51 building sectors, disciplines, and specialty services.

Multifamily Housing | Dec 4, 2020

The Weekly show: Designing multifamily housing for COVID-19, and trends in historic preservation and adaptive reuse

This week on The Weekly show, BD+C editors spoke with leaders from Page & Turnbull and Grimm + Parker Architects about designing multifamily housing for COVID-19, and trends in historic preservation and adaptive reuse

Giants 400 | Dec 2, 2020

2020 Multifamily Sector Giants: Top architecture, engineering, and construction firms in the U.S. multifamily building sector

Clark Group, Humphreys & Partners Architects, and Kimley-Horn head BD+C's rankings of the nation's largest multifamily building sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.

Smart Buildings | Nov 20, 2020

The Weekly show: SPIRE smart building rating system, and pickleball court design tips

The November 19 episode of BD+C's The Weekly is available for viewing on demand.

AEC Tech | Nov 12, 2020

The Weekly show: Nvidia's Omniverse, AI for construction scheduling, COVID-19 signage

BD+C editors speak with experts from ALICE Technologies, Build Group, Hastings Architecture, Nvidia, and Woods Bagot on the November 12 episode of "The Weekly." The episode is available for viewing on demand.

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