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 | Aug 12, 2016

Apartment completions in largest metros on pace to increase by 50% in 2016

Texas is leading this multifamily construction boom, according to latest RENTCafé estimates.

Regulations | Aug 9, 2016

New trend eases parking requirements for U.S. cities

Transit-oriented development and affordable housing are spurring the movement. 

Multifamily Housing | Aug 9, 2016

Surge Homes brings the concept of micro condos to Houston

The sub-500-sf homes will be the first of their kind to be offered in the metro known as Space City

| Aug 4, 2016

MULTIFAMILY BUILDING GIANTS: Rental complexes focus on affordability, accessibility, and specialty amenities

To address the affordability problem and attract tenants, owners and developers are experimenting with smaller and smaller units, amenity-rich environments, and “co-living” concepts.

| Aug 4, 2016

Top 50 Multifamily Engineering Firms

Jacobs, AECOM, and Arup top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector engineering and E/A firms, as reported in the 2016 Giants 300 Report.

| Aug 4, 2016

Top 80 Multifamily Construction Firms

Lendlease, Suffolk Construction Co., and Clark Group top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector construction and construction management firms, as reported in the 2016 Giants 300 Report.

| Aug 4, 2016

Top 110 Multifamily Architecture Firms

Perkins Eastman, CallisonRTKL, and Solomon Cordwell Buenz top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.

Multifamily Housing | Jul 20, 2016

Colorful Boston Road building offers affordable housing in the Bronx

Designed by NYC’s Alexander Gorlin Architects, the 12-story building will have 154 studio apartments for low-income working adults.

Multifamily Housing | Jul 18, 2016

Four residential projects named winners of the 2016 AIA/HUD Secretary Awards

Affordable housing, specialized housing, and accessible housing projects were honored.  

Multifamily Housing | Jul 14, 2016

Portland, Ore., City Council approves construction excise tax for affordable housing

Expected to raise $8 million annually on commercial and residential projects.  

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