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
Sports and Recreational Facilities | Jan 25, 2018
Virginia Beach: A surf town with a wave problem no more
A world-class surf park will highlight Virginia Beach’s new live-work-play development.
Market Data | Jan 25, 2018
Renters are the majority in 42 U.S. cities
Over the past 10 years, the number of renters has increased by 23 million.
Resiliency | Jan 24, 2018
A luxury community in Florida mandates resilience in new-home construction
Alys Beach’s in-house GC builds to standards set by the FORTIFIED program.
Multifamily Housing | Jan 24, 2018
Apartment rent rates jump 2.5% in 2017, led by small and mid-sized markets
The average price for one-bedroom units increased the most.
Multifamily Housing | Jan 17, 2018
The Concours at Carlisle: A condo community for gearheads
The new development will represent the only auto condo community in Central Pennsylvania.
Mixed-Use | Jan 16, 2018
Mixed-use development under construction in Detroit’s central business district
The development is being built on the former site of the Statler Hotel.
Multifamily Housing | Jan 10, 2018
Multifamily 2018 outlook: Developers tap the brakes, but will maintain historic pace
Multifamily developers are poised to register the second-highest annual completions count of this cycle in 2018, but with fewer completions than 2017’s cycle peak, according to a CBRE report.
Multifamily Housing | Jan 9, 2018
New 58-unit luxury apartment building under construction in Chicago’s Gold Coast neighborhood
The 8-story building will feature two- and three-bedroom residences.
Multifamily Housing | Jan 5, 2018
Let’s discuss the Energy Star Multifamily High-Rise Program
The demand for rental housing has been on a steady climb since 2004.
Multifamily Housing | Jan 4, 2018
Shigeru Ban’s mass timber tower in Vancouver gets city approval
The 232-foot-tall Terrace House luxury condo development will be the tallest hybrid wood structure in North America.