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 | Jun 20, 2017

Coliving apartments look to fill affordability and availability gaps for urban workers

One provider, Common, emphasizes community in its buildings. 

Market Data | Jun 16, 2017

Residential construction was strong, but not enough, in 2016

The Joint Center for Housing Studies’ latest report expects minorities and millennials to account for the lion’s share of household formations through 2035.

Multifamily Housing | Jun 7, 2017

Jersey Strong: Local suppliers step in to help renovate a homeless shelter in the Garden State

American Standard and Philips Lighting donate products and manpower.

Resiliency | Jun 7, 2017

New disaster-resilient infrastructure building and upgrades hope to keep Haven Plaza up and running

The affordable housing complex was hit hard during Hurricane Sandy, leaving residents without electricity or water.

Multifamily Housing | Jun 7, 2017

Multifamily visionary: The life and work of architect David Baker

For 35 years, architect David Baker has been a spirited voice for affordable housing, in San Francisco and beyond.

Wood | Jun 6, 2017

Shigeru Ban-designed residential structure poised to become world’s tallest hybrid timber building

The wood, concrete, and glass building will rise approximately 233 feet when finished.

Multifamily Housing | May 25, 2017

Luxury residential tower is newest planned addition to The Star in Frisco

The building will be within walking distance to the Dallas Cowboys World Headquarters.

Multifamily Housing | May 22, 2017

Zaha Hadid Architects residential development takes a page from a classic Bradbury tale

The buildings are on an elevated platform and the surrounding walkways are suspended so as not to disturb the surrounding ecosystems.

Multifamily Housing | May 19, 2017

Above + Beyond: condo tower built atop parking structure

How designers figured out a way to nestle an 18-story condo tower on top of an existing parking structure in Hawaii.

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